Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2021

1. According to trade statistics of Vietnam Customs, in September 2021, a 1.6% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2021. Exports went down 0.7 %, to USD 27.03 billion and imports decreased 2.5%, to USD 26.67 billion in terms of month-on- month basis. As a result, there was a USD 360 million surplus in Vietnam’s trade balance in this month.

2. In the first 9 months of 2021, Vietnam‘s trade-in-goods totaled US dollars 483.82 billion in value terms, 24.6% above the corresponding period of last year. As compared to result of a year earlier, total merchandise exports value rose 18.8%, to US dollars 240.63 billion and the total merchandise imports value increased 30.8% to US dollars 243.18 billion. Accordingly, Vietnam’s trade balance for January-September period of 2021 was in the deficit of US dollars 2.55 billion.

3. Trade data disseminated recently by Vietnam Customs announced that the total value of exportation and importation by foreign direct invested (FDI) traders reached USD 38.19 billion in total for September of 2021, down by 0.7% on month-on-month basis. FDI’s export value of USD 19.84 billion and FDI’s import value of USD 18.35 billion led to a trade surplus of USD 1.49 billion.

For January-September period of 2021, trade-in-goods by FDI traders totaled US dollars 335.85 billion, up by 28% on year-on-year basis. Total value of FDI exportation was USD 176.57 billion, increased by 23.1%. On import side, the total value of those companies was USD 159.28 billion, up by 33.9%. As a result, FDI’s trade balance was in surplus of USD 17.28 billion.

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