Exports reach US$37 billion in the second half of March

Import and export are showing an impressive recovery.

According to the General Department of Vietnam Customs, the total import-export turnover from March 16 to March 30 reached US$36.66 billion, increasing 20% (equivalent to an increase of US$6.11 billion) compared to the result achieved in the first half of March 2022.

The results in the second half of March brought the country's total import-export turnover in the first three months of 2022 to $176.75 billion, up 14.3% (equivalent to an increase of $22.1 billion) over the same period in 2021.

Furthermore, the trade balance of goods had a surplus of US$1.96 billion. Generally, in three months, it witnessed a trade surplus of US$1.46 billion.

In terms of exports, the second period of March reached US$19.31 billion, rising 26% (equivalent to US$3.99 billion) compared to the first period of March.

Exports in the second March period increased in a number of key product groups such as phones and components, up by US$972 million; computers, electronic products and components increased by US$787 million; other machinery, equipment, tools and spare parts increased by US$397 million; textile and garment increased by US$259 million.

In general, in the first quarter, Vietnam's exports reached US$89.1 billion, up 13.4%, equivalent to US$10.55 billion increase over the same period in 2021.

In the second period of March, imports reached US$17.35 billion, up 13.9% (equivalent to US$2.12 billion) compared to the results in the first half of March 2022.

Import groups increased sharply as follows – computers, electronic products and components increased by US$461 million; petroleum of all kinds increased by US$197 million; phones and components increased by US$179 million.

In the first quarter, the country's total import turnover reached US$87.64 billion, up 15.2% (equivalent to US$11.54 billion) over the same period in 2021.