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

Vietnam Customs Statistics  18/01/2021 10:00 AM

The Vietnam Customs Statistics announced that in the first half (01-15/12/2020) of  December-2020 , Vietnam’s total exports of  US dollars 12.28 billion and imports  of  US dollars 13.17 billion resulted in a trade deficit of US dollars 883 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of December was US dollars 25.45 billion, down by 2.5% as compared to the second half of November-2020.

Vietnam‘s trade-in-goods from January to the first half of December of 2020 totaled US dollars 515.27 billion in value terms. It posted a increase of 4.5% (equivalent to USD 22.05 billion) from the same period of  previous year. In which, the total merchandise exports value was up by 6.1% to nearly US dollars 267.22 billion and the total merchandise imports value was up slightly 2.7%, to US dollars 248.04 billion.

In the view of FDI traders, the value of exportation in the first half of December reached USD 9.08 billion, down by 9.1% and the value of importation reached 8.37 billion, up by 2.4% as compared to the second half of November 2020. Therefore, from January to December 15th of 2020, the total value of FDI merchandise trade went up by 10.5% to US dollar 350.9 billion.

Export:

When compared with the second half of November-2020, export of first half of December decreased by 8.3%, mostly as a result of the downturn registered in telephones, mobile phones and part thereofs (down by 9% - USD 188 million); machine, tools and equipments ( down by 10.1% - 150 milion); iron and steels (down by 32.7% - USD 103 million); …

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





Sources: Vietnam Customs

 

Import:

In the first half of December 2020, import increased by 3.6 % when compared with the second half of November, mainly reflecting the upnturn in machine, tools and equipments (up by 10.6% - USD 185 millions); other means of transportation, parts and accessories thereof (up by 111.5% - USD 62 million);  

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



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