Import and export turnover reaches US$30 billion in second half of 2020

20/01/2021 12:00 - 60 total view

According to preliminary statistics from the General Department of Vietnam Customs, import and export turnover in the second half of December showed a sharp increase of nearly US$30 million.

In this period, the import and export turnover of the whole country reached US$29.98 billion, increasing by 17.9% compared to the first half of December 2020

The result achieved in the second half of December brought the total export and import value in 2020 to a new record of US$545.36 billion, an increase of 5.4% year-on-year (or US$27.69 billion).

Of which, the total import and export value of FDI enterprises reached US$371.9 billion, an increase of 14.8%; the import and export value of domestic enterprises was US$173.46 billion, a decrease of 10.5% year-on-year.

In the second half of December, the trade balance had a surplus of US$625 million, bringing Vietnam’s trade surplus to US$19.95 billion.

According to the GDVC, the total export turnover in the second half of December was US$15.3 billion, a surge of 24.7% compared to the first half of December.

Some major commodity groups with the sharp increase in export value were phones and spare parts with an increase of US$790 million, or 33.9%; textiles and garments with an increase of US$301 million, or 23.9%; computers, electronic products and components with an increase of US$220 million or 10.8%.

Thus, the Vietnam’s total export value was US$282.65 billion, a surge of 7% or US$18.39 billion year-on-year.

The total export value of FDI enterprises was US$202.89 billion, an increase of 13.2% year-on-year, accounting for 71.8% of the total export value of the whole country.

The total import value in the second half of December was US$14.68 billion, an increase of 11.5% compared to the first half.

Some major commodity groups with the sharp increase in import value were computer, electronic products and components with an increase of US$253 million or 8.2%; machinery, equipment, tools and other spare parts with an increase of US$236 million or 12.2%; ore and minerals with an increase of US$113 million or 192%.

The total import turnover of the whole country reached US$262.70 billion, an increaseof 3.7% year-on-year.

The import value of FDI enterprises was US$169.01 billion, increasing by 16.8% year-on-year, accounting for 64.3% of the total import value of the whole country.
Source: Customs News