The General Statistics Office stated that the country's commodity export turnover in April 2020 was estimated at US $ 19.7 billion, down 18.4% against the previous month; in which, domestic economic sector is 6.35 billion USD, down by 16.7%; FDI sector (including crude oil) reached 13.35 billion USD, down 19.1%.
Compared to the same period in 2019, export turnover in April 2020 decreased by 3.5%. Generally, for the first 4 months of 2020, export turnover of goods is estimated at US $ 82.9 billion, up 4.7% over the same period in 2019; in which, domestic economic sector is 26.4 billion USD, up by 12.1%; FDI sector (including crude oil) reached 56.49 billion USD (accounting for 68.1% of total export turnover), increasing by 1.5%.
In the first 4 months, there were 15 items with export turnover of over 1 billion USD, accounting for 80.1% of total export turnover. Some high-value exports such as phones and components reached 16.2 billion USD, up 1.1% over the same period in 2019; electronics, computers and components reached 12.4 billion USD, up 28.6%; textiles and garments reached 8.9 billion USD, down 5.8%; machinery, equipment, tools and spare parts reached 6.9 billion USD, up 29.6%; footwear reached 5.5 billion USD, up 1.3%; wood and wooden products reached 3.4 billion USD, up 10.1% ...
In addition, export turnover of some agricultural products decreased compared to the same period in 2019 such as: vegetables and fruits reached US $ 1.3 billion, down 8.7%; rubber reached 403 million USD, down 27.5% (the volume decreased 31.7%); pepper reached 257 million USD, down 9.2% (volume increased 11.9%). Some agricultural products with an increase in export turnover were coffee reaching US $ 1.1 billion, up 2.2% (volume up 4.5%); cashew nuts reached 963 million USD, up 5.9% (the amount increased 21.5%); rice reached 892 million USD, increasing by 0.2% (the volume decreased by 7.9%).
In the first 4 months, the United States was Vietnam's largest export market with a turnover of 20.3 billion USD, up 13.4% over the same period in 2019; followed by China with 13.1 billion USD, up 26.7%; EU market reached 10.7 billion USD, down 8.1%; ASEAN market reached 8.2 billion USD, down 3.4%; Japan reached 6.7 billion USD, up 10.1% and South Korea reached 6.2 billion USD, down 0.2%.
The General Statistics Office also stated that the import turnover of goods in April 2020 was estimated at US $ 20.4 billion, down 7.9% over the previous month. Compared to the same period in 2019, import turnover in April 2020 is estimated to decrease by 2.3%. Generally for the first 4 months, import turnover was estimated at US $ 79.89 billion, up 2.1% over the same period in 2019; Of which, the domestic economic sector gained 33.58 billion USD, up 1.1% and the foreign invested sector reached 46.31 billion USD, up 2.9%.
In the first 4 months, there were 17 items with import turnover of over 1 billion USD, accounting for 76.5% of total import turnover; in which electronics, computers and components reached US $ 17.8 billion (accounting for 22.2% of total import value), up 12.5% over the same period in 2019; machinery, equipment and spare parts reached 11.5 billion USD, down 0.1%; phones and components reached 4.3 billion USD, up 12%; fabric reached 3.6 billion USD, down 10.9%; iron and steel reached US $ 2.9 billion, down 6.4%; plastic reached 2.8 billion USD, down 1.4%; plastic products reached 2.3 billion USD, up 14.6% ...
Regarding the structure of imported goods in the first 4 months of 2020, the group of production materials is estimated at US $ 75.1 billion, up 3% over the same period in 2019 and accounting for 94% of total import turnover; Consumer goods group was estimated at 4.8 billion USD, down 9.9% and accounting for 6%.
Also in 4 months, China was Vietnam's largest import market with an estimated turnover of US $ 22.7 billion, down 0.1% over the same period in 2019; South Korea reached US $ 15.5 billion, up 2.5%; ASEAN reached 9.9 billion USD, down 7.8%; Japan reached 6.4 billion USD, up 10.9%; The United States reached US $ 4.7 billion, up 9.6%; The EU reached 4.5 billion USD, up 8%.
Generally for the first 4 months of 2020, the trade balance of goods was estimated to have a trade surplus of 3 billion USD; Of which, the domestic economic sector had a trade deficit of 7.1 billion USD and the foreign invested sector (including crude oil) had a trade surplus of 10.1 billion USD.
In the first 4 months of 2020, the country had a trade surplus of over 3
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