Export turnover of 36 major commodities decreased

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Import and export activities at Hai Phong International Container Terminal. Photo: T.B

According to the General Department of Vietnam Customs, total export turnover of the country reached US$ 73.89 billion, an increase of 19.2% compared to the same period in 2017.

Although reaching a high growth rate compared to the same period in 2017, export turnover of major commodities in April sharply decreased.

Specifically, export turnover in April only reached US$ 18.37 billion, a sharp decrease (13.1%) compared to March. In particular, export turnover of 36 of 46 commodity groups decreased, including major commodities such as telephones, computers, electronic products and components and textiles.

In April, export turnover of telephones and accessories reached US$ 3.48 billion, decreasing by 33.9%; Computers, electronic products and components reached US$ 2.15 billion, decreasing by 4.5%; Textiles reached US$ 2.12 billion, decreasing by 8.7%; Machinery, equipment, tools and accessories reached US$ 1.36 billion, decreasing by 8.4%.

Import turnover in April also tended to decrease when 39 of 53 major import commodity groups decreased compared to the previous month, including the sharp decrease of major commodity groups such as computers, electronic products and components; Machinery, equipment, tools and accessories; ordinary metals; Plastics and etc.

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Vietnam’s total import turnover in April reached US$ 17.2 billion, decreasing by 8.9% compared to March. At the end of April, total import turnover of the country reached over US$ 70 billion, increasing by 9.5% compared to the same period in 2017.

Also, according to the GDVC, as of the end of April, there are 18 export markets with a turnover of US$ 1 billion or more, of which 8 markets with a turnover of over US$ 2 billion.

The leading markets includes the US reaching US$ 13.822 billion, China reaching US$ 10.979 billion and South Korea reaching US$ 5.754 billion.

In the markets with a turnover of over US$ 1 billion, India has the highest growth rate of 104.3%, while Malaysia is the only market that the turnover declined by 4% compared to the same period in 2017.