Import and export situation of Vietnam's goods in the first half of November 2021 (from November 1 to November 15, 2021)

The latest statistics from the General Department of Customs show that the total import and export value of Vietnam's goods in the period of November 1, 2021 (from November 1 to November 15, 2021) reached 29.59 billion. USD, an increase of 3% (equivalent to an increase of USD 867 million) compared to the implementation results in the second half of October 2021.

The results achieved in the first half of November 2021 gave the output import value of the whole country by the end of November 15, 2021 to reach USD 569.03 billion, up 22.7%, corresponding to an increase of 105.32 Billion USD in absolute terms compared to the same period in 2020.

In which, total import value of foreign direct investment (FDI) enterprises reached 394.62 billion USD, up 25.2% (corresponding to 79.38 billion USD); the import-export value of domestic enterprises was 174.4 billion USD, up 17.5% (equivalent to 25.94 billion USD) over the same period in 2020.

In the period of November 1, 2021, the balance of commercialization has a deficit of 370 million USD. From the beginning of the year to the end of November 15, 2021, the commercialized balance had a deficit of 132 million USD.

Go export:

The total export value of Vietnam's goods in the period 1 November 2021 reached 14.61 billion USD, down 6.8% (corresponding to 1.07 billion USD decrease in absolute number) compared to the period 2 October / Year 2021.

The export value of the first period of November 2021 decreased compared to the period of October 2, 2021 in the following product groups: telephones and components decreased by 751 million USD, corresponding to a decrease of 24.3%; computers, electronic products & components decreased by USD 420 million, corresponding to a decrease of 17.1%; seafood decreased by 66 million USD, corresponding to 13.1% decrease...

Thus, by the end of November 15, 2021, Vietnam's export value reached $284.45 billion, up 17.7% over the same period in 2020.

In which, a number of commodity groups increased sharply such as: computers, equipment, tools & spare parts with an increase of 9.2 billion USD, equivalent to an increase of 40.9%; iron and steel increased by 5.88 billion USD, corresponding to a strong increase of 134%; computers, electronic products & components increased by 4.73 billion USD, equivalent to 12.4%; phones & components increased by 4.45 billion USD, corresponding to an increase of 10% ... over the same period in 2020.

Figure 1: Export value of some major commodity groups accumulated from January 1, 2021 to November 15, 2021 and the same period in 2020

source: General Department of Customs

Statistics from the General Department of Customs also show that the export value of goods by foreign direct investment (FDI) enterprises in the first period of November, 2021 reached 10.37 billion USD, down 9, 9 billion USD. 2%, down 1.05 billion USD compared to the period of October 2, 2021. By the end of November 15, 2021, the total export value of goods of this group of enterprises reached 207.88 billion USD, an increase of 20.5%, equivalent to an increase of 35.43 billion USD over the same period last year. 73.1% total value output of all water.

Go import:

Total import value of Vietnam's goods in the first period of November, 2021 reached US$ 14.98 billion, up 14.9% (equivalent to an increase of US$ 1.94 billion in absolute terms) compared to the performance in the previous year. second half of October 2021.

Import value of goods in the first period of November 2021 increased compared to the period of October 2, 2021 mainly in the following product groups: computers, electronic products & components, increased by 651 million USD, equivalent to 17 million USD. ,2%; machinery, equipment, tools & spare parts increased by 207 million USD, equivalent to 11.9%; crude oil increased by 181 million USD, equivalent to a sharp increase of 121.5%; fabric increased by 133 million USD, corresponding to an increase of 24.1% ...

Thus, by the end of November 15, 2021, the country's total imports reached $284.58 billion, up 28.1% (equivalent to $62.47 billion) over the same period in 2020.

In which, some commodity groups increased sharply such as: computers, electronic products & components, increased by US$ 9.88 billion, equivalent to an increase of 18.2%; machinery, equipment, tools & spare parts increased by 8.94 billion USD, equivalent to 28.5%; phones & components increased by 4.36 billion USD, equivalent to 32.1%, iron and steel of all kinds increased by 3.04 billion USD, equivalent to 43.5% ... over the same period in 2020.

Figure 2: Import value of some major commodity groups accumulated from January 1, 2021 to November 15, 2021 and the same period in 2020

source: General Department of Customs

Import value of goods of FDI enterprises in this period reached 10.12 billion USD, up 18.6% (equivalent to 1.59 billion USD) compared to the second period in October 2021. By the end of November 15, 2021, the aggregate imports of this group of enterprises reached 186.74 billion USD, up 30.8% (equivalent to 43.94 billion USD) over the same period in 2020. using 65.6% of the country's import value.

It is expected that the Analysis of Vietnam's export and import of goods in the period of December 1, 2021 will be disseminated from December 20, 2021.

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