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2 export commodity groups increased "billion dollars" in 8 months

By Thai Binh / Phuong Thao

By Thai Binh / Phuong Thao

See the author's posts
10:23 | 26/09/2023 Import-Export Follow english.haiquanonline.com.vn on
VCN - Exports tend to improve and there are product groups achieving positive growth amid many challenges in the first months of the year.
Key import and export commodity groups decline Key import and export commodity groups decline
Five export commodity groups worth“10 billion USD Five export commodity groups worth“10 billion USD"
A series of key export commodity groups dropped sharply in the first half of July A series of key export commodity groups dropped sharply in the first half of July
2 export commodity groups increased
Exports tend to improve in August. Photo: T.Binh.

According to the General Department of Customs, by the end of August, Vietnam had 2 export commodity groups with turnover growth of more than 1 billion USD compared to the same period in 2022: vegetables and fruits increased by 1.35 billion USD, means of transport and spare parts increased 1.22 billion USD; In addition, rice also increased by 832 million USD...

The above product groups are the bright spots of exports. In the first 8 months of the year, many key product groups had a sharp decrease in turnover compared to the same period last year.

Data from the General Department of Customs recorded that up to 11 export commodity groups decreased by over 500 million USD compared to the same period last year.

In which, 6 groups decreased by "billion dollars" including: phones of all types and components decreased by 6.21 billion USD; textiles and garments decreased by 3.79 billion USD; machinery, equipment, tools and spare parts decreased by 3.23 billion USD; footwear of all kinds decreased by 3 billion USD; Wood and wood products decreased by 2.7 billion USD; Seafood products decreased by 1.83 billion USD.

The remaining groups are: computers, electronic products and components, down 760 million USD; Textile fibers of all kinds decreased by 572 million USD; chemicals decreased by 552 million USD; plastic products decreased by 550 million USD; iron and steel products decreased by 516 million USD.

The 11 product groups mentioned above alone decreased by 23.71 billion USD, equal to 95.7% of the decrease in export turnover of Vietnam.

An optimistic sign is that export activities improved in August with a turnover of 32.76 billion USD, up 9% (equivalent to an increase of 2.69 billion USD) compared to the previous month.

In particular, the strongest increase was in product groups such as: phones of all types and components increased by 697 million USD; computers, electronic products and components increased by 222 million USD; rice increased by 184 million USD, textiles increased by 181 million USD; wood and wood products increased by 169 million USD; Crude oil increased by 114 million USD…

In the first 8 months of the year, Vietnam export turnover reached 228.17 billion USD, down 9.8% (equivalent to 24.79 billion USD) compared to the same period last year.

By Thai Binh / Phuong Thao
Tags:
import export trade

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