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

Vietnam Customs Statistics  22/03/2021 11:00 AM

The Vietnam Customs Statistics announced that in the second half (16-28/02/2021) of  February-2021 , Vietnam’s total exports of  US dollars 10.23 billion and imports  of  US dollars 11.37 billion resulted in a trade deficit of US dollars 1.14 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of February-2021 was US dollars 21.60 billion, up by 12.6% as compared to the first half of this month.

Vietnam‘s trade-in-goods in the first 2 months of 2021 totaled US dollars 95.85 billion in value terms. It posted an increase of 24.6% (equivalent to USD 18.92 billion) from the same period of  previous year. In which, the total merchandise exports value was up by 23.7% to US dollars 48.74 billion and the total merchandise imports value was up 25.5%, to US dollars 47.11 billion.

In the view of FDI traders, the value of exportation in the second half of February reached USD 7.91 billion, up by 5.3% and the value of importation reached 7.51 billion, up by 18% as compared to the first half of February -2021. Therefore, from January 1st to February 28th of 2021, the total value of FDI merchandise trade went up by 31.5% to US dollar 68.52 billion.

Export:

When compared with the first half of February-2021, export of second half of February increased by 2.9%, mostly as a result of the upturn registered in telephones, mobile phones and part thereof (up by 11.5% - USD 201 million); iron and steels (up by 98% - USD 179 million); computer electrical product ( up by 9.8% - 157 million); yarn (up by 90.6% - USD 97 million); …

Chart 1: Top 10 main exported commodities from January 1st to February 28th of 2021 over the same period of 2020



Sources: Vietnam Customs

Import:

In the second half of February-2021, import increased by 23% when compared with the first half of February -2021, mainly reflecting the upturn in: machine, tools and equipments (up by 22.9% - USD 299 million); plastics (up by 61.7%- USD 177 million); computer electrical product ( up by 6.9% - 164 million); base metals (up by 64.7%-USD 153 million); fabrics (up by 31 % - USD 105 millions)…;  

Chart 2: Top 10 main imported commodities from January 1st to February 28th of 2021 over the same period of 2020


 

                                                                                           Sources: Vietnam Customs

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