Export turnover across Hai Phong Customs increases by 19.5%

	Hundreds of billions of dong are collected from exporting one type of drink every month
	Hai Phong Customs processes 370.000 declarations in two months

Import and export activities at Hai Phong Port. Photo: T.B

The total trade in goods at Hai Phong Customs in the first quarter of the year increased by 16.5% to US$ 29.73 billion year-on-year.

Of which, the export turnover rose 19.5% to US$ 15.08 billion; the taxable export turnover grew 1.2% to US$ 121.13 million; the import turnover increased by 13.5% to US$ 14.65 billion; the taxable import turnover rose 7% to US$ 5.32 billion.

Although import and export turnover increased, the import turnover of some major commodity groups decreased.

Specifically, taxable import turnover of iron and steel, cosmetics and machinery and equipment rose compared to the same period in 2023. Of which, the taxable import turnover of iron and steel increased by 28.1% to US$ 869.8 million; of cosmetics rose 74% to US$ 4.22 million, and of machinery and equipment increased by 7.7% to US$1.2 billion.

Meanwhile, the import turnover of cars, auto parts, motorbikes, motorbike parts, petroleum products, beer and alcohol dropped compared to the same period of the previous year.

The import turnover of cars declined 17.7% to US$232.98 million; auto parts and components fell 8.1% to US$22.21 million; motorbikes dropped 34.4% to US$2.49 million; motorbike spare parts decreased by 45.2% to US$3.77 million; petroleum product declined 57.3% to US$ 62.27 million.

The decline in turnover of major commodity groups at Hai Phong Customs is quite similar to the general situation of the whole Customs industry.

According to the assessment of the General Department of Vietnam Customs, the decrease in volume and import turnover of petroleum products in the first quarter led to a decline in revenue of about VND2,000 billion. The decrease in the volume and import turnover of imported cars reduced the revenue of VND4,000 billion.