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Despite the pandemic, import and export hit nearly US$55 billion in June

15:34 | 18/07/2021

VCN - According to the General Department of Vietnam Customs this afternoon (July 12), the total import-export turnover in June still maintained at a large scale despite facing the complex developments of the pandemic.

Hai Phong Customs collects more than VND6,000 billion in one month Hai Phong Customs collects more than VND6,000 billion in one month
Exemption of duties on imports that cannot be domestically manufactured Exemption of duties on imports that cannot be domestically manufactured
Over 1 million declarations of imported and exported goods processed by Hai Phong Customs Over 1 million declarations of imported and exported goods processed by Hai Phong Customs
Despite the pandemic, import and export hit nearly US$55 billion in June
Chart: T.Binh

Exports reached US$27.2 billion, up 3.9% compared to May.

Despite the pandemic, textile and garment exports reached more than US$3 billion, up 19.1% compared to May.

Meanwhile, computers, electronic products and components surpassed phones to become the largest export group in the month with a turnover of US$4.14 billion, up 6.8% from the prior month.

Among main commodity groups, footwear and wood products also experienced good growth in June (compared to May 2021) with the following results: $1.984 billion, up 5.2% and $1.56 billion, up 10.2%.

In the month, the two major export groups that experienced a decline were phones and components with a turnover of $3.29, down 8.1%; machinery and equipment reached $2.37 billion, down 7.1%.

Accumulated in the first six months, the total export turnover reached $158.335 billion, a high growth of 29% from the same period last year.

On the import side, turnover in June reached $27.66 billion, down 2.1% compared to May.

The largest group of goods is computers, electronic products and components, reaching $5.74 billion, up 2.1% compared to May.

In addition, iron and steel, phones are also two large commodity groups with an increase in turnover compared to the previous month.

Specifically, iron and steel reached 1,124,185 tonnes, with turnover of more than US$1.14 billion, up 18.1% in volume and 25.7% in turnover.

Phones reached $1.45 billion, up 2.2%.

While machinery and equipment reached more than $4 billion, down 2.8%. Similar to the downward trend is fabric and plastic materials, although these two commodity groups still maintained a turnover of more than $1 billion in May.

By the end of June, the total import turnover reached $159.33 billion, up 36.3% over the same period last year.

In June, our country had a trade deficit of nearly $500 million and brought the deficit in the first six months to about $1 billion.

Thus, by the end of June, the scale of Vietnam's import and export turnover reached nearly $318 billion, equivalent to about $53 billion per month on average. With this result and the recent growth rate, it is possible to reach the milestone of $600 billion in 2021.

By Thai Binh/Dieu Huong