Imports and exports decrease sharply in January
Import-export structure in January 2019 and 2020, unit "billion USD". Chart: T. Binh. |
Specifically, regardingexports inJanuary, turnover reached US$18,323 billion, down 17.4% over the same period in 2019.
Notably, export turnover of many agricultural products has dropped by tens of percent compared to the same period last year.
For example, seafood decreased by 33.2%; vegetables and fruits decreased by 20.6%; cashew nuts dropped35.4%; and coffee fell 29.9%.
By the end of January, five export commodity groups achieved turnover of over US$1 billion, but there were four groups with negative growth.
Specifically, phones and components reached nearly US$2.7 billion, down 18%; textile and garment reached US$2.47 billion, decreasing 25%; machinery, equipment, tools and spare parts reached US$1.485 billion, down 4.2%; footwear reached US$1.4 billion, down 20.9%.
Computers, electronic products and components are the only "billion dollar" commodity groups with positive growth with a turnover of nearly US$2.7 billion, up 8.2%.
Regardingimports, turnover in the first month of 2020 reached nearly US$18.6 billion, also down13.7% over the same period in2019.
Ofwhich, there are three commodity groups with a turnover of US$1 billion or more.
Computers, electronic products and components are the leading group in turnover with a result of more than US$4.23 billion, up 6.1%.
The remaining two groups of "billion-dollar" import goods also suffered a decline in value.Machinery, equipment, tools and spare parts reached more thanUS$2.8 billion, down 17.8%; mobile phones and accessories reached nearlyUS$1.14 billion, down 1.8%.
By the end of January, thecountry's trade balance had a trade deficit of nearly US$280 million.
Related News
Seafood enterprises encounter problems with specialized inspection
10:37 | 05/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Latest News
Three groups of export commodities achieved billions of USD
10:36 | 05/05/2024 Import-Export
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Central beach city to lure investment from potential partners
14:54 | 03/05/2024 Import-Export
More News
Vietnam to have enough 8 million tonnes of rice for export
14:47 | 03/05/2024 Import-Export
Binh Duong: Fertile ground for logistics businesses
10:16 | 03/05/2024 Import-Export
Some 51,600 new firms established in four months
17:17 | 02/05/2024 Import-Export
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months
17:13 | 02/05/2024 Import-Export
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment
15:36 | 02/05/2024 Import-Export
FDI disbursement in January-April period reaches five-year record
19:43 | 01/05/2024 Import-Export
Binh Duong aims to become logistics hub in southern region
19:41 | 01/05/2024 Import-Export
Digital transformation – optimal choice for Vietnamese garment & textile firms
19:39 | 01/05/2024 Import-Export
Your care
Seafood enterprises encounter problems with specialized inspection
10:37 | 05/05/2024 Import-Export
Three groups of export commodities achieved billions of USD
10:36 | 05/05/2024 Import-Export
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export