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Preliminary assessment of Vietnam international merchandise trade performance in the first half of September, 2020

Vietnam Customs Statistics  22/10/2020 10:00 AM

The Vietnam Customs Statistics announced that in the first half (01-15/9/2020) of  September-2020, Vietnam’s total exports of  US dollars 12.64 billion and imports  of  US dollars 11.66 billion resulted in a trade surplus of US dollars 973 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 24.3 billion, down by 8.8% as compared to the second half of August-2020.

Vietnam‘s trade-in-goods from January to the first half of September of 2020 totaled US dollars 361.51 billion in value terms. It posted a increase of 0.9% (equivalent to USD 3.26 billion) from the same period of  previous year. In which, the total merchandise exports value was up by 3.3% to nearly US dollars 187.99 billion and the total merchandise imports value was down 1.6%, to US dollars 173.52 billion.

In the view of FDI traders, the value of exportation and importation in the first half of September reached USD 7.83 billion, down by 14.7% as compared to the second half of August 2020. Therefore, from January to September 15th of 2020, the total value of FDI merchandise trade went down by 4.2% to US dollar 217.25 billion.

Export:

When compared with the second half of August-2020, export of first half of September decreased by 15.7%, mostly as a result of the downturn registered in telephones, mobile phones and part thereofs (down by 15.7% - USD 433 million); precious stones, precious metal and articles thereofs (down by 73% - USD 329 million); textile garments (down by 14.2% - USD 227 million);

Chart 1: Top 10 main exported commodities from Jan. to September 15th 2020 over the same period of 2019





Sources: Vietnam Customs

Import:

In the first half of September 2020, import increased by 0.1 % when compared with the second half of August, mainly reflecting the upturn in machine, tools and equipments (up by 2.9% - USD 46.4 millions); mobile phones and part thereofs (up by 5.5% - USD 46.6 million);  

 

Chart 2: Top 10 main imported commodities from Jan. to September 15th 2020 over the same period of 2019


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