Import and export decreased by more than US$9 billion in the first half of February
Many export orders at the beginning of the year | |
Firms busy with the first shipments of the Lunar New year | |
Vietnamese specialties are ready to enter the world's leading markets |
Correlation of export and import turnover between FDI enterprises and domestic enterprises from the beginning of the year to February 15, unit "US$ billion". Chart: T.Binh |
With the above results, the total import and export value of the whole country by the end of February 15 reached US$74.15 billion, up 31.1%, equivalent to an increase of US$17.58 billion over the same period in 2020.
In which, the total import and export value of foreign direct investment (FDI) enterprises reached US$53.03 billion, up 39.6% (corresponding to an increase of US$15.05 billion); import and export value of domestic enterprises is US$21.13 billion, up 13.6% (equivalent to an increase of US$2.53 billion) over the same period in 2020.
In the first period of February, the balance of trade in goods was in surplus of US$695 million and accumulated from the beginning of the year, a surplus of US$2.76 billion.
In the first period of February, due to the Tet holiday, the export turnover dropped sharply to only US$9.94 billion, down 36.1% (equivalent to a decrease of US$5.63 billion) compared to the second period of January 2021.
A number of commodity groups fell sharply such as: phones and spare parts by US$1.5 billion, down 46.3%; equipment, tools and spare parts decreased by US$665 million, respectively by 37%; computers, electronic products and components down US$581 million, 26.6% respectively; textiles and garments decreased US$ 318 million, corresponding to a decrease of 22.3%.
Statistics of the General Department of Vietnam Customs show that the export value of FDI enterprises in the first period of February reached US$7.51 billion, down 35.7%, equivalent to a decrease of US$4.17 billion compared to the second period of January.
By the end of February 15, 2021, the total export value of this group of enterprises reached more than US$29 billion, up 46.5%, equivalent to an increase of US$9.23 billion over the same period last year, accounting for 75.6% of the total export value of the country.
Similar to exports, import activities in the first half of the month also fell sharply with only US$9.24 billion, down 30% (equivalent to a decrease of US$3.96 billion) compared to the results in the second half of January 2021.
The groups of goods that fell sharply included machinery, equipment, tools and spare parts with a decrease of US$565 million, corresponding to a decrease of 30.2%; computers, electronic products and components decreased US$545 million, 18.6% respectively; phones and spare parts by US$373 million, down by 38% respectively.
Thus, by the end of February 15, 2021, the total import value of the country reached US$35.7 billion, up 25.4% (equivalent to an increase of US$7.24 billion) over the same period in 2020.
A number of commodity groups increased over the same period last year such as computers, electronic products and components with an increase of US$1.48 billion, equivalent to an increase of 22.6%; phone and spare parts by US$1.29 billion, respectively up 79.8%; machinery, equipment, tools and other spare parts increased by US$1.09 billion, respectively by 26.5%.
The import value of goods of FDI enterprises in this period reached US$6.37 billion, down 26% (equivalent to a decrease of US$2.24 billion) compared to the second period of January 2021.
However, by the end of February 15, the total import value of this group of businesses reached US$23.96 billion, up 32.1% (equivalent to an increase of US$5.82 billion) over the same period in 2020, accounting for 67.1% of the total import value of the country.
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