Import and export value totaled 27.39 billion USD in first half of July

The total import and export value of Vietnam’s goods in the first half of July 2021 reached 27.39 billion USD, a decrease of 4.8% (equivalent to 1.39 billion USD) compared to the second half of June 2021, according to the latest preliminary statistics of the General Department of Vietnam Customs.

The results brought the total import and export value from the beginning of the year to July 15 to 345.45 billion USD, up 32.3% (equivalent to 84.31 billion USD) compared to the same period last year.

Of this, the total value of foreign direct investment (FDI) enterprises posted 238.44 billion USD, while that of domestic enterprises hit 107.01 billion USD. In the first 15 days of July, the trade balance suffered a deficit of 1.83 billion USD. From the beginning of the year, the figure was 3.01 billion USD.

In terms of exports, the total value of Vietnam’s exports in the first half of July reached 12.78 billion USD, down 13.9% (equivalent to 2.06 billion USD) compared to the second half of June.

Thus, by the end of July 15, the total export value was 171.22 billion USD, up 28% (equivalent to 37.48 billion USD) year on year. Some groups of goods witnessed sharp increase, such as: machinery, equipment, tools and other spare parts, 7.03 billion USD; computers, electronic products and components, 4.27 billion USD; wood and wood products, 3.34 billion USD; and phones and components, 2.94 billion USD.

In terms of imports, the total value of imported goods in the first half of July reached 14.61 billion USD, up 4.8% (equivalent to 669 million USD) compared to the second half of June.

The value increase is mainly seen in some commodities, such as: machinery, equipment, tools and other spare parts, 145 million USD; corn, 75 million USD; and liquefied gas, 70 million USD.

Thus, by the end of July 15, the figure hit 174.23 billion USD, equivalent to an increase of 46.83 billion USD year on year.