Preliminary assessment of Vietnam international merchandise trade performance in the second 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.

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.

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