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Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2020

MP  5/01/2021 2:00 PM

The Vietnam Customs Statistics announced that in the second half (16-30/11/2020) of  November-2020 , Vietnam’s total exports of  US dollars 13.4 billion and imports  of  US dollars 12.7 billion resulted in a trade surplus of US dollars 691 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of November was US dollars 26.1 billion, up by 12.8% as compared to the first half of this month.

Vietnam‘s trade-in-goods from January to November of 2020 totaled US dollars 489.88 billion in value terms. It posted a increase of 3.6% (equivalent to USD 17.16 billion) from the same period of  previous year. In which, the total merchandise exports value was up by 5.5% to US dollars 254.97 billion and the total merchandise imports value was up 1.7%, to US dollars 234.91 billion.

In the view of FDI traders, the value of exportation in the second half of November reached nearly USD 10.0 billion, up by 15.4% and the value of importation reached 8.18 billion, up by 5.7% as compared to the first half of November 2020. Therefore, from January to November of 2020, the total value of FDI merchandise trade went up by 9.5% to US dollar 333.46 billion.

Export:

When compared with the first half of November-2020, export of second half of November increased by 16%, mostly as a result of the upturn registered in computer electrical product ( up by 21.1% - 366 milion); textile garments (up by 31.9% - USD 305 million); machine, tools and equipments (down by 14.1% - USD 185 millions); foot-wears (up by 24.6% - USD 163 million); …

Chart 1: Top 10 main exported commodities of Vietnam in the second half of November as compared to the first half of November





Sources: Vietnam Customs

 

Import:

In the second half of November 2020, import increased by 9.5 % when compared with the first half of November, mainly reflecting the upturn in computer electrical product ( up by 11.7% - 344 milion); machine, tools and equipments (up by 9 % - USD 144 millions)…;  

 

Chart 2: Top 10 main imported commodities of Vietnam in the second half of November as compared to the first half of November​



 



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