Preliminary assessment of Vietnam international merchandise trade performance in the first half of December 2022

Vietnam‘s trade-in-goods from January to the first half of December of 2022 totaled US dollars 701.28 billion in value terms. It posted an increase of 10.5% (equivalent to USD 66.9 billion) from the same period of previous year. In which, the total merchandise exports value was up 12% to nearly US dollars 355.82 billion and the total merchandise imports value was down 9.1%, to US dollars 345.47 billion.

In the view of FDI traders, from January to December 15th of 2022, the total value of FDI merchandise trade went up by 10.7% to US dollar 487.45 billion.

Export:

When compared with the second half of November-2022, export of first half of December decreased by 11.1%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 17.6% – USD 378 million); machine, tools and equipments (down by 18.7% – USD 377 million); computer electrical products and part thereofs (down by 7.7% – USD 184 million); textiles and garments (down by 7.8% – USD 115 millions).

Chart 1: Top 10 main exported commodities of Vietnam from Jan. to Dec 15th 2022 as compared to the same period of 2021.

Import:

In the first half of December 2022, increased by 4.5% as compared to the same period of 2021, mainly reflecting the upturn in crude oil (up by 104.7% – USD 250 millions); computer electrical products and part thereofs (up by 8.3% – USD 226 million); irons and steels (up by 54.6% – USD 168 millions); petroleum products (up by 37.6% – USD 143 millions)…

Chart 2: Top 10 main imported commodities of Vietnam from Jan. to Dec. 15th 2022 as compared to the same period of 2021.