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Preliminary assessment of Vietnam international merchandise trade performance in the first half of February, 2021

Vietnam Customs Statistics  5/03/2021 2:00 PM

The Vietnam Customs Statistics announced that in the first half (01-15/02/2021) of  February-2021 , Vietnam’s total exports of  US dollars 9.94 billion and imports  of  US dollars 9.24 billion resulted in a trade surplus of US dollars 695 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of February was US dollars 19.18 billion, down by 33.3% as compared to the second half of January-2021.

In the view of FDI traders, the value of exportation in the first half of February reached USD 7.51 billion, down by 35.7% and the value of importation reached 6.37 billion, down by 26% as compared to the second half of January 2021. Therefore, from January 1st to February 15th of 2021, the total value of FDI merchandise trade went up by 39.6% to US dollar 53.03 billion.

Export:

When compared with the second half of January-2021, export of first half of February-2021 decreased by 36.1%, mostly as a result of the downturn registered in telephones, mobile phones and parts thereof (down by 46.3% - USD1.5 billion); machine, tools and equipments ( down by 37% - USD 665 milion); computer electrical product ( down by 26.6% - USD 581 milion); textiles and garments (down by 22.3% - USD 318 million);…

 

Chart 1: Top 10 main exported commodities from January 1st to February 15th of 2021 over the same period of 2020



 

 

 

Sources: Vietnam Customs

Import:

In the first half of February 2021, import shrunk by 30 % when compared with the second half of January -2021, mainly reflecting the downturn in machine, tools and equipments ( down by 30.2% - USD 565 milion); computer electrical product ( down by 18.6% - 545 milion); telephones, mobile phones and parts thereof (down by 38% - USD 373 million);…  

 

Chart 2: Top 10 main imported commodities from January 1st to February 15th of 2021 over the same period of 2020

            

 

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