Huashang Fenghui International Logistics

Focus on Southeast Asia/Vietnam/Cambodia logistics dedicated line integrated service provider

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

The Vietnam Customs Statistics announced that in the first half (01-15/7/2020) of July-2020, Vietnam’stotal exports of US dollars 10.91 billion and imports of US dollars 10.48 billion resulted in a trade surplus of US dollars 434million. Accordingly, the total value of export and import turnover of Vietnam in the first half of Julywas US dollars 21.39 billion, down by 5.4% as compared to the second half of June-2020.

Vietnam‘s trade-in-goods from January to the first half of Julyof 2020 totaled US dollars 261.34 billion in value terms. It posted a decrease of 1.4% (equivalent to USD 3.75 billion) from the same period of  previous year. In which, the total merchandise exports value was up0.4% to nearly US dollars 133.7 billion and the total merchandise imports value was down3.3%, to US dollars 127.7 billion.

In the view of FDI traders, the value of exportation and importation in the first half of July reached USD 12.4 billion, down by 6.1% as compared to the second half ofJune2020. Therefore, from January to July 15th of 2020, the total value of FDI merchandise trade went down by5.6% to US dollar 157.7billion.

Export:

When compared with the second half of June-2020, export of first half of Julydecreased by 10.4%, mostly as a result of the downturn registered in computer electrical products and part thereofs (down by 18.4% - USD 385 million); telephone, mobile phone and part thereof (down by 13.5% - USD 276 million); irons and steel (down by 46.3% - USD 124 million equally); footwear (down by 10.9% - USD 79 millions);

Chart 1: Top 10 main exported commodities from Jan. to July 15th 2020 over the same period of 2019

Import:

In the first half of July2020, import increased by 0.3% when compared with the second half of Jun, mainly reflecting the upturn incrude oil (up by 124.5% - USD 98 million); irons and steels (up by 21.3% - USD 67.45 millions); corn (up by 54.6% - USD 54.23 million)…

Chart 2: Top 10 main importedcommodities from Jan. to July 15th 2020 over the same period of 2019