Exports fall by $7 billion in the first half of April

Calculation unit: billion USD. Sketched by: T.Bình

According to the General Department of Vietnam Customs, in the first 15 days of this month, the export turnover of Vietnam was only $8.26 billion, a sharp decrease of more than $4.7 billion compared to the second half of March.

In terms of imports, it was not better as they only reached some $9.54 billion, down $2.3 billion.

Compared to the second half of March 2020, the import-export turnover in the first half of April decreased by $7 billion.

The reduction of import-export turnover by up to $7 billion in the first 15 days of this month compared is a rare "big drop" in foreign trade activities.

In the first 15 days of this month, Vietnam suffered a trade deficit of nearly $1.3 billion. However, due to the large trade surplus in the first quarter, accumulated from the beginning of the year to April 15, Vietnam still had a trade surplus.

In terms of exports, from the beginning of the year to April 15, the total export turnover of Vietnam exceeded $71.6 billion, while imports reached more than $69.1 billion, so Vietnam still had a trade surplus of about $2.5 billion.

In the first 15 days of this month, there are two groups of exported goods with turnover of "billion USD" which are phones and accessories; computers, electronic products and components with value are nearly $1.3 billion and $1.5 billion respectively.

Meanwhile, imports also has two groups of "billion USD" which are computers, electronic products and components; machines, equipment, tools and spare parts.

In particular, computers, electronic products and components reached nearly $1.9 billion and machinery, equipment, tools and spare parts reached more than $1.5 billion.