Although creating impressive recovery momentum in July, many key import-export commodity groups unexpectedly decreased in the first half of August.
The latest preliminary statistics of the General Department of Customs show that the total value of Vietnam's import and export of goods in the first period of August (from August 1 to 15) reached 23.66 billion USD, down 7.21 TP3T (equivalent to a decrease of 1.85 billion USD) compared to the results in the second half of July 2020.
The results achieved in the first half of August brought the total import-export value of the whole country up to August 15 to 310.41 billion USD, down 0.41% year-on-year, equivalent to a decrease of 1.37 billion USD compared to the same period in 2019.
In the first period of August, the trade balance of goods had a surplus of 1.69 billion USD, thereby bringing the cumulative trade surplus from the beginning of the year to 10.08 billion USD. Notably, in the first half of August, many key import-export commodity groups decreased compared to the second half of July. Specifically, the total value of Vietnam's export goods in the first period of August reached 12.68 billion USD, down 9%, equivalent to a decrease of 1.25 billion USD compared to the second period of July 2020.
The main items that decreased were: computers, electronic products and components decreased by 438 million USD; textiles and garments decreased by 255 million USD; machinery, equipment, tools and spare parts decreased by 206 million USD; wood and wood products decreased by 78 million USD; footwear of all kinds decreased by 68 million USD; seafood decreased by 65 million USD... Thus, by the end of August 15, the total export value of Vietnam reached 160.24 billion USD, an increase of 1.81 TP3T, equivalent to an increase of 2.78 billion USD compared to the same period in 2019.
Regarding imports, the total value in the first period of August reached 10.99 billion USD, down 5.21 TP3T, equivalent to a decrease of 0.6 billion USD compared to the results in the second half of July 2020. The groups of goods with notable decreases were: machinery, equipment, tools, spare parts down 108 million USD; computers, electronic products and components down 83 million USD; fabrics of all kinds down 76 million USD... However, in the first half of August, some groups of imported goods still maintained quite good growth such as: phones of all kinds and components increased by 106 million USD, equivalent to an increase of 16.21 TP3T; animal feed and raw materials increased by 66 million USD, equivalent to an increase of 45.51 TP3T; complete automobiles of all kinds increased by 39 million USD, equivalent to an increase of 68.61 TP3T...
By the end of August 15, the total import value of the whole country reached 150.16 billion USD, down 2.71%, equivalent to a decrease of 4.15 billion USD compared to the same period in 2019.
According to: Haiquanonline