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

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The Vietnam Customs Statistics announced that in the second half of June, 2021 the total Vietnam’s exports of US dollars 14.84 billion and imports of nearly US dollars 13.94 billion resulted in a trade surplus of US dollars 894 million. Accordingly, the total value of export and import turnover of Vietnam in the second half of June was over US dollars 28.78 billion, up by 10.9% as compared to the first half of June-2021.

Furthermore, in the first 6 months of 2021, Vietnam was in trade deficit of USD 993 billion.

Vietnam‘s trade-in-goods in the first 6 months of 2021 totaled US dollars 317.66 billion in value terms, up by 32.5% as compared to the performance of the same period of last year.

In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 6 months of 2021 reached USD 219.87 billion, up by 36.6% in comparison to the same period of 2020.

Export:

As compared to the first half of June-2021, second half of the month increase in the total export value (20.6% – USD 2.53 billion equally) is reflected by upturn in telephone, mobile phones and part thereof (up by 111.4% – USD 1.18 billion); irons and steels (up by 65% – USD 228 millions); computer, electrical products (up by 10.5% – USD 207 million equally);…

Totally, in the first 6 months of 2021 total export value from Vietnam was USD 158.34 billion, up by 29% as compared to the same period of 2020 (equivalent to USD 35.57 billion in absolute value terms).

Chart 1: Top 10 main exported commodities of second half of June 2021 as compared to the first half of June.

2133 image002 - Preliminary assessment of Vietnam international merchandise trade performance in the second half of June 2021

Import:

The first half to second half of June widen in the total of import value (2.1%) reflected upturn in computer, electrical and part thereof (up by 10% – USD 274 million); crude oil (up by 104% – USD 142 million equally); irons and steels (up by 19.3% _ USD 100 million equally)…

From January to second half of June-2021, total import value into Vietnam was USD 159.33 billion, went up by 36.3% as compared to the same period of 2020 (equivalent to USD 42.43 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of second half of June 2021 as compared to the first half of June.

2158 image004 - Preliminary assessment of Vietnam international merchandise trade performance in the second half of June 2021

Source: Vietnam Customs

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