The Vietnam Customs Statistics announced that in the first half (01-15/8/2020) of August-2020 , Vietnam’s total exports of US dollars 12.68 billion and imports of US dollars 10.99 billion resulted in a trade surplus of US dollars 1.69 billion. Accordingly, the total value of export and import turnover of Vietnam in the first half of August was US dollars 23.66 billion, down by 7.2% as compared to the second half of July-2020.
Vietnam‘s trade-in-goods from January to the first half of August of 2020 totaled US dollars 310.41 billion in value terms. It posted a decrease of 0.4% (equivalent to USD 1.37 billion) from the same period of previous year. In which, the total merchandise exports value was up by 1.8% to nearly US dollars 160.24 billion and the total merchandise imports value was down 2.7%, to US dollars 150.16 billion.
In the view of FDI traders, the value of exportation and importation in the first half of August reached USD 14.1 billion, down by 4.1% as compared to the second half of July 2020. Therefore, from January to August 15th of 2020, the total value of FDI merchandise trade went down by 5% to US dollar 186.97 billion.
When compared with the second half of July-2020, export of first half of August decreased by 9%, mostly as a result of the downturn registered in computer electrical products and part thereofs (down by 18.6% - USD 438 million); textile garments (down by 15.8% - USD 255 million); machine, tools and equipments (down by 15.6% - USD 206 millions);
Chart 1: Top 10 main exported commodities from Jan. to August 15th 2010 over the same period of 2019
Sources: Vietnam Customs
In the first half of August 2020, import decreased by 5.2 % when compared with the second half of July, mainly reflecting the downturn in machine, tools and equipments (down by 6.4% - USD 108 millions); computer, electrical products, spare-parts and components thereof (down by 2.8% - USD 83 million); fabrics (down by 14.6% - USD 76 millions)…
Chart 2: Top 10 main imported commodities from Jan. to August 15th 2010 over the same period of 2019