According to Vietnam’s “Customs Online” report on August 23, although July has shown a good recovery trend, the export of many of Vietnam’s main products unexpectedly fell in the first half of August. According to data from the General Administration of Customs of Vietnam, Vietnam’s total import and export of goods from August 1 to 15 was approximately US$23.66 billion, a decrease of 7.2% from the second half of July (equivalent to a decrease of US$1.85 billion).
Specifically, Vietnam’s exports of goods in the first half of August were approximately US$12.68 billion, a decrease of 9% from the second half of July, equivalent to a decrease of US$1.25 billion. Commodities with larger declines include: computers, electronics and spare parts, down by US$438 million; textiles and clothing, down by US$255 million; machinery, equipment, and tools down by US$206 million; wood and wood products down by US$78 million; footwear down by US$68 million ; Aquatic products decreased by US$65 million. From the beginning of the year to August 15, Vietnam’s exports of goods totaled approximately US$160.24 billion, a year-on-year increase of 1.8%.
In terms of imports, Vietnam’s imports in the first half of August were approximately US$10.99 billion, a decrease of 5.2% from the second half of July, equivalent to a decrease of US$600 million. Products with large declines mainly include: machinery, equipment, and tools, down by US$108 million; computers, electronic products and parts, down by US$83 million; and cloth, down by US$76 million. From the beginning of the year to August 15, Vietnam’s imports of goods totaled approximately US$150.16 billion, a year-on-year decrease of 2.7%. </p
