From February 16 to February 28, after the Tet holiday 2021, the import – export turnover of Vietnam saw an impressive recovery when reaching $21.60 billion, increasing by 12.6% (equivalent to an increase of $2.42 billion) compared to the first half of February 2021, according to the General Department of Vietnam Customs.

Import – export in the first two months saw a flourish.
Sketched by T.Bình

The results achieved in the second half of February brought total import-export turnover of the country in the first two months of the year up to $95.85 billion, up by 24.6% (equivalent to an increase of $18.92 billion) compared to the same period in 2020.

Total import and export turnover of foreign direct investment (FDI) enterprises reached $68.52 billion, up by 31.5% (equivalent to an increase of $16.41 billion); import and export turnover of domestic firms was $27.33 billion, up 10.1% (equivalent to an increase of $2.51 billion) from the same period last year.

In the second half of the month, Vietnam suffered a trade deficit of $1.14 billion. However, for the first two months of the year, Vietnam still saw a trade surplus of $1.64 billion.

Regarding the remarkable development of export activities in the second half of February, the General Department of Vietnam Customs recorded a turnover of $10.23 billion, up 2.9% (equivalent to an increase of $293 million) compared to the first part of February.

The growth was focused on several commodity groups such as mobile phones and spare parts by $201 million, respectively, up 11.5%; iron and steel of all kinds increased by $179 million, corresponding to an increase of 98%; computers,and electronic products and components increased by $157 million, respectively by 9.8%.

By the end of February, Vietnam's total export turnover hit $48.74 billion, up 23.7%, an increase of $9.35 billion over the same period in 2020.

In particular, FDI enterprises reached $37.01 billion, up 32.1% (an increase of $8.98 billion) over the same period last year, making up 75.9% of total export turnover of the country.

Regarding imports, the second period of February reached $11.37 billion, up 23% (an increase of $2.12 billion) compared to the first half of February.

The increase of import turnover is mainly thanks to machinery, equipment, tools and spare parts increased $299 million, an increase of 22.9%; plastic materials increased by $177 million, an increase of 61.7%; computers, electronic products and components increased by $164 million, an increase of 6.9%.

By the end of February, total import turnover of the country reached $47.11 billion, up 25.5% (an increase of $9.56 billion) over the same period in 2020.

FDI enterprises alone reached $31.51 billion, increasing by 30.8% (an increase of $7.43 billion) from the same period last year, accounting for 66.9% of the total import turnover of Vietnam.