The General Statistics Office has just announced that the export turnover of goods in December 2020 reached USD 27.65 billion, USD 1.15 billion higher than the estimate.

It is estimated that in January 2021, export turnover of goods would reach USD 27.7 billion, increased by 0.2% over the previous month and increased by 50.5% over the same period last year. In January, there are 6 items with an export turnover of over USD 1 billion, accounting for 67.3% of the total export turnover.

Regarding the structure of export commodities in January, the heavy industrial and mineral groups are estimated at USD 15.6 billion, increased sharply by 71.6% over the same period last year. Light industry and handicraft products are estimated at USD 9.7 billion, increased by 32.3%. The group of agricultural and forestry products reached USD 1.8 billion, increased by 21.4%. Seafood products reached USD 600 million, increased by 19.6%.

Regarding the commodity export market in January 2021, the United States is the largest export market of Vietnam with a turnover of USD 7.5 billion, an increase of 57.4% over the same period last year; followed by China with USD 5.8 billion, an increase of 111.6%; EU market reached USD 2.8 billion, an increase of 14.8%; ASEAN market reached USD 2.3 billion, an incresae of 31.9%; Japan reached USD 1.9 billion, an increase of 22.7%; South Korea reached USD 1.7 billion, an increase of 24.2%.

Real import turnover in December 2020 reached USD 27,905 billion, USD 405 million higher than estimated. It is estimated that in January 2021, import turnover of goods would reach USD 26.4 billion, decreased by 5.4% over the previous month and increased by 41% over the same period last year. In January, there are 4 imported items with turnover of over USD 1 billion, accounting for 50.6% of total import turnover.

Regarding the commodity import structure in January, the group of materials for production is estimated at USD 24.7 billion, an increase of 41% over the same period last year and accounting for 93.7% of the total import turnover of goods. Value of consumer goods is estimated at USD 1.7 billion, an increase of 41.5% and accounting for 6.3%.

Merchandise trade balance in December 2020 saw a trade deficit of USD 252 million; trade surplus of USD 20 billion. It is estimated that in January 2021, trade surplus of USD 1.3 billion, of which domestic economic sector saw a trade deficit of USD 1.8 billion; foreign investment sector (including crude oil) saw a trade surplus of USD 3.1 billion.

Kylie Nguyen