Import-export turnover reached more than $30 billion in the first half of July

VCN - According to the latest preliminary statistics of the General Department of Vietnam Customs, Vietnam's import-export turnover in the first half of July reached $30.59 billion, down 8.3% (equivalent to a decrease of $2.77 billion) compared to the results in the second half of June 2022.
Sketch by T.Bình
Sketch by T.Bình

The results achieved in the first half of July saw increased import-export turnover to $403.11 billion, up 16.7%, equivalent to $57.66 billion higher than the same period last year.

In the first half of July, the trade balance had a deficit of $2.01 billion. From the beginning of the year to July 15, the trade balance had a deficit of $955 million.

The total export turnover reached $14.29 billion, down 19.5% (equivalent to $3.47 billion) compared to the second period of June 2022.

Groups of goods that fell sharply, such as computers, electronic products, and components, decreased by $1.41 billion, equivalent to a decrease of 45.9%; phones and components decreased by $682 million, equivalent to a decrease of 26.8%; machinery, equipment, tools, and spare parts decreased by $274 million, equivalent to a decrease of 13%; iron and steel of all kinds decreased by $193 million, equivalent to a 44% decrease.

From the beginning of the year to the end of July 15, export turnover reached $201.08 billion, up 17.4%, equivalent to an increase of $29.86 billion over the same period in 2021.

Some groups grew strongly such as machinery, equipment, tools, and spare parts increased by $4.83 billion, equivalent to 26.2 % increase; phones and components increased by $4.8 billion, equivalent to 18% increase; computers, electronic products, and components increased by $3.98 billion, equivalent to 15.7% increase; textiles and garments increased by $3.38 billion, equivalent to an increase of 19.9%.

Imports in the first period of July reached $16.3 billion, up 4.5% (equivalent to $699 million) compared to the second half of June 2022.

Import turnover increased in several commodity groups. Computers, electronic products, and components increased by $465 million, equivalent to an increase of 13.8%; phones and components increased by $164 million, equivalent to 23.9%.

However, there is still a decrease in the number of commodity groups. Iron and steel decreased by $136 million, equivalent to 20.6%; coal decreased by $106 million, equivalent to 20.5%; Iron and steel scrap decreased by $105 million, equivalent to a decrease of 68.1%.

From the beginning of the year to July 15, the import turnover reached $202.03 billion, up 16% over the same period in 2021.

Some groups grew strongly such as computers, electronic products, and components increased by $10.48 billion, equivalent to 28.7%; petrol and oil increased by $3.1 billion, equivalent to 131.8%; coal increased by $2.73 billion, equivalent to 136.6%.

By Thái Bình/Hải Yến

Related News

Chinese goods flock to Vietnam in the first half of 2024

Chinese goods flock to Vietnam in the first half of 2024

VCN - In the first 6 months of 2024, the import turnover of goods from China to Vietnam will grow strongly by tens of percent compared to the same period in 2023.
The whole country spends over US$147 billion to import goods

The whole country spends over US$147 billion to import goods

VCN - In the second half of May, the import turnover of goods witnesses a downward but it still achieve high growth in the first five months.
Import-export turnover reached nearly US$65 billion in May

Import-export turnover reached nearly US$65 billion in May

VCN - Import and export in May continued to remain at a high level and was the month with the second highest turnover in the first 5 months of the year.
Over 36% of Vietnam’s import turnover comes from China

Over 36% of Vietnam’s import turnover comes from China

VCN - China has shown its dominance over other countries and territories from which Vietnam imports goods.

Latest News

Malaysia initiates anti-dumping investigation on galvanised sheets from Việt Nam

Malaysia initiates anti-dumping investigation on galvanised sheets from Việt Nam

Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of galvanised iron coils/sheets or galvanised steel coils/sheets originating from or imported from Việt Nam, China and South Korea.
Coffee prices hit record highs, heightening speculation risks

Coffee prices hit record highs, heightening speculation risks

Phan Minh Thông, Chairman of Phúc Sinh JSC, called the price surge "insane," warning of continued increases as businesses are compelled to trade at elevated prices instead of following pre-set contracts.
Exports witness a rise of US$1 billion in the first 15 days of 2025

Exports witness a rise of US$1 billion in the first 15 days of 2025

VCN - Compared to the same period in 2024, exports in the first half of January 2025 increased by more than 6%, equivalent to nearly USS$1 billion.
Central industrial hub sets ambitious growth target in 2025

Central industrial hub sets ambitious growth target in 2025

The central province has targeted ambitious growth of up to 10 per cent with some key strategic industrial investment projects in 2025, contributing VNĐ25 trillion (US$1 billion) to the State budget.

More News

Demand for dragon fruit in Tiền Giang Province continues to increase

Demand for dragon fruit in Tiền Giang Province continues to increase

Dragon fruit prices in Tiền Giang Province remain high after the Lunar New Year due to increased demand from China and domestic consumption.
Data centres are attracting investors in Asia

Data centres are attracting investors in Asia

The global data centre market reached new heights in 2024, driven by the growing demand for generative AI, which has triggered a new wave of investment.
US or China: Who will lead in Vietnamese Tra fish imports?

US or China: Who will lead in Vietnamese Tra fish imports?

VCN - Given that tra fish is a key export commodity for Vietnam's seafood industry, the question arises whether the United States will surpass China as the leading importer of this product in 2025.
Sustainable fashion presents promising niche market for textile manufacturers

Sustainable fashion presents promising niche market for textile manufacturers

The combination of sustainability and culture will open up more opportunities for Vietnamese textile enterprises to strengthen their position in the global market and capture the promising Nordic fashion market.
VN

VN's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Việt Nam’s efforts to diversify supply to meet industry demands.
Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Exports of agro-forestry-aquatic products down nearly 5 per cent in January

Việt Nam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9 per cent decline compared to the same period last year.
Thailand reviews anti-dumping tax on Vietnamese steel

Thailand reviews anti-dumping tax on Vietnamese steel

TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion

VCN - Total import-export turnover in the first half of January 2025 reached more than US$34 billion, the trade balance had a deficit of nearly US$2 billion.
Pangasius fetch record price in early 2025

Pangasius fetch record price in early 2025

Currently, larger pangasius weighing over 1.2kg, are selling at VNĐ32,440 (US$1.29) per kilogram, a record high not seen since 2022.
Read More

Your care

Latest Most read
Malaysia initiates anti-dumping investigation on galvanised sheets from Việt Nam

Malaysia initiates anti-dumping investigation on galvanised sheets from Việt Nam

Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of galvanised iron coils/sheets or galvanised steel coils/sheets originating from or imported from Việt Nam, China and South Korea.
Coffee prices hit record highs, heightening speculation risks

Coffee prices hit record highs, heightening speculation risks

Phan Minh Thông, Chairman of Phúc Sinh JSC, called the price surge "insane," warning of continued increases as businesses are compelled to trade at elevated prices instead of following pre-set contracts.
Exports witness a rise of US$1 billion in the first 15 days of 2025

Exports witness a rise of US$1 billion in the first 15 days of 2025

Compared to the same period in 2024, exports in the first half of January 2025 increased by more than 6%, equivalent to nearly USS$1 billion.
Central industrial hub sets ambitious growth target in 2025

Central industrial hub sets ambitious growth target in 2025

The central province has targeted ambitious growth of up to 10 per cent with some key strategic industrial investment projects in 2025, contributing VNĐ25 trillion (US$1 billion) to the State budget.
Demand for dragon fruit in Tiền Giang Province continues to increase

Demand for dragon fruit in Tiền Giang Province continues to increase

Dragon fruit prices in Tiền Giang Province remain high after the Lunar New Year due to increased demand from China and domestic consumption.
Mobile Version