Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2020

Sunday, July 5, 2020  10:17

The Vietnam Customs Statistics announced that in the first half (01-15/6/2020) of  June-2020 , Vietnam’s total exports of  US dollars 10.37 billion and imports  of  US dollars 10.2 billion resulted in a trade surplus of US dollars 170 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 20.57 billion, up by 3.3% as compared to the second half of May-2020.

Vietnam‘s trade-in-goods from January to the first half of June of 2020 totaled US dollars 217.36 billion in value terms. It posted a decrease of 2.3% (equivalent to USD 5.11 billion) from the same period of  previous year. In which, the total merchandise exports value was down 0.7% to nearly US dollars 110.56 billion and the total merchandise imports value was down 3.9%, to US dollars 106.81 billion.

In the view of FDI traders, the value of exportation and importation in the first half of June reached USD 12 billion, up by 4.8% as compared to the second half of May 2020. Therefore, from January to June 15th of 2020, the total value of FDI merchandise trade went down by 6.1% to US dollar 132.08 billion.

Export:

When compared with the second half of May-2020, export of  first half of June decreased by 5.3%, mostly as a result of the downturn registered in telephone, mobile phone and part thereof (down by 15.7% - USD 300 million); rice (down by 52.5% - USD 114 million equally); machine, tools and equipments (down by 8.6% - USD 83 millions); computer electrical products and part thereofs (down by 3.3% - USD 62 million)…


Import:

In the first half of June 2020, import increased by 13.7% when compared with the second half of May, mainly reflecting the upturn in machine, tools and equipments (up by 29.1% - USD 333 millions); computer, electrical products, spare-parts and components thereof (up by 8.8% - USD 202 million); telephone, mobile phone and part thereof (up by 47.6% - USD 177 million); petroleum products (up by 65.6% - USD 77 million)…