Imports of goods increase by more than US$6 billion

VCN – According to the General Department of Vietnam Customs, The import turnover of Vietnam from the beginning of the year till February 15 has increased by more than US$6.27 billion.
Imports of goods increase by more than US$6 billion
The fluctuation of turnover (from the beginning of the year to February 15 of 2022 compared to 2021) of nine key commodity groups, the units of "millions of dollars". Sketched by: T.Bình.

Accordingly, the total import-export turnover of Vietnam in the first half of February (from 1 to February 15) reached US$12.66 billion, decreasing by 13.6% (equivalent to a decline of nearly US$2 billion) compared to the second half of January 2022.

The import of goods declined compared to the second half of January 2022. It mainly consisted of groups of commodities such as machinery, equipment, devices and components reduced by US$373 million, equivalent to a decrease of 19.3%; phones of all kinds and accessories declined by US$248 million, equal to a reduction of 23.1%; computers, electronic devices and components dropped by US$240 million, equivalent to a decline of 6.7%.

However, the import turnover still grew compared to the same period last year.

On February 15, the total import turnover of the country reached US$42.11 billion, rising by 17.5% (equivalent to an increase of US$6.27 billion) over the same period in 2021.

Some commodity groups increased sharply compared to the same period last year, such as computers, electronic products and components with an increase of nearly US$2.4 billion, equivalent to an increase of 29.7%; fabrics of all kinds increased by US$533 million, equivalent to 36.8%; iron and steel of all kinds increased by US$426 million, equivalent to an increase of 37%; chemicals increased by US$327 million, equivalent to an increase of 42.8%.

According to the General Department of Vietnam Customs, the import turnover of foreign direct investment (FDI) enterprises alone reached US$28.14 billion, rising by 16.9% (equivalent to an increase of US$4.1 billion) over the same period in 2020, accounting for 66.8% of the country's total import turnover.

Updated to February 15, there are nine groups of imported goods with a turnover of US$1 billion or more, including computers, electronic products and components; devices; phones and components; fabric; iron and steel; plastic materials; chemistry; common metal; chemical products.

Three new commodity groups reaching this milestone are chemicals with a turnover of US$1.09 billion, up US$327 million over the same period last year and common metals with a turnover of US$1.09 billion, an increase of US$130 million; chemical products reached US$1.06 billion, an increase of US$250 million.

By Thái Bình/Thanh Thuy

Related News

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

VCN - Vietnam's total import-export turnover for 2024 is estimated to reach US$782.33 billion, a remarkable achievement driven by the proactive and dedicated efforts of officials and staff at the General Department of Vietnam Customs.
Counterfeit and intellectual property infringing goods are becoming more sophisticated

Counterfeit and intellectual property infringing goods are becoming more sophisticated

VCN - In recent times, several containers of counterfeit goods imitating well-known brands and violating intellectual property (IP) rights have been intercepted by Customs authorities at border checkpoints. In an interview with Customs Magazine, Vu Hoai Linh, Deputy Head of Intellectual Property Rights Protection Enforcement Unit (Unit 4) under the Anti-Smuggling and Investigation Department, shared critical solutions to combat and prevent these violations.
Vietnam’s trade activity declines in early November despite strong year-to-date growth

Vietnam’s trade activity declines in early November despite strong year-to-date growth

VCN - Vietnam’s import-export activity showed signs of slowing in the first half of November, with total trade turnover reaching US$33.44 billion, a 9.7% drop (equivalent to US$3.58 billion) compared to the second half of October, according to preliminary data from the General Department of Vietnam Customs.
Raising the position if Vietnam does not want to become a new "assembly factory"

Raising the position if Vietnam does not want to become a new "assembly factory"

VCN - A more aggressive version of “America First” is predicted when Donald Trump takes office as the 47th President of the United States. According to Associate Professor Dr. Pham Thi Thu Tra, Head of the Economics and Finance Department, RMIT University Vietnam, Vietnam needs to raise its position in the global value chain to seize opportunities if it does not want to become a new “assembly factory” of the world.

Latest News

Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics. But overcoming all, the industry continues to survive and has confidence in the future.
Vietnam's import-export surges 15.3%

Vietnam's import-export surges 15.3%

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.
More Vietnamese firms interested in Saudi Arabia: Ambassador

More Vietnamese firms interested in Saudi Arabia: Ambassador

An increasing number of Vietnamese enterprises are showing interest in Saudi Arabia, particularly in the sectors of Vietnam's advantages and the Middle East country's needs, a diplomat has said.

More News

“Give and Take” in the Value Chain of the CPTPP Market

“Give and Take” in the Value Chain of the CPTPP Market

VCN - Vietnamese businesses have many opportunities and advantages if they take advantage of resources from imports and technology transfers when joining the supply chains of FDI companies within the CPTPP.
Binh Dinh province works to attract investment from Japan

Binh Dinh province works to attract investment from Japan

The People’s Committee of Binh Dinh province on December 18 inked a cooperation deal with the Japan - Vietnam Friendship Association of Sakai city as part of the south-central province’s efforts to attract more investment and development resources from the Northeast Asian country.
Agricultural, forestry and fishery exports “reach the target” early

Agricultural, forestry and fishery exports “reach the target” early

VCN - According to a report from the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in November 2024 is estimated at US $5.3 billion, up 13.9% compared to November 2023. It is notable that it not only “reaching the finish line” early, the agricultural sector also exceeded the annual plan by over US $ one billion.
Thailand remains Vietnam’s biggest trading partner in ASEAN

Thailand remains Vietnam’s biggest trading partner in ASEAN

The activities conducted by the Vietnam Trade Office in Thailand in 2024 have enriched the trade and investment relations between the two countries, contributing to helping Thailand maintain its position as Vietnam's largest trading partner in the Association of Southeast Asian Nations (ASEAN), according to Le Huu Phuc, Vietnam's Trade Counsellor in Thailand.
Rubber value soars in 2024: VRA

Rubber value soars in 2024: VRA

All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).
Vietnamese businesses struggle to access green finance

Vietnamese businesses struggle to access green finance

VCN - Green finance is gradually becoming an indispensable tool in Vietnam to support businesses, promote sustainable development, and move towards the goal of Net Zero. However, the path to accessing green capital is full of barriers, especially for small and medium enterprises.
E-commerce: a gateway to boost Vietnamese commodities in the UK market

E-commerce: a gateway to boost Vietnamese commodities in the UK market

E-commerce stands out as a promising channel to further enhance Việt Nam’s trade presence in this dynamic market.
Agro-forestry-fisheries exports top 62 billion USD in 2024

Agro-forestry-fisheries exports top 62 billion USD in 2024

Vietnam’s agro-forestry-fisheries exports are projected to reach over 62 billion USD in 2024, and continue to grow next year, heard at a conference in Ho Chi Minh City on December 16.
Removing “bottlenecks” for digital transformation in industrial production

Removing “bottlenecks” for digital transformation in industrial production

VCN - Although implementing digital transformation towards smart production creates many opportunities, it also poses significant challenges for businesses, especially in terms of investment costs and human resources.
Read More

Your care

Latest Most read
Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics.
Vietnam's import-export surges 15.3%

Vietnam's import-export surges 15.3%

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.
More Vietnamese firms interested in Saudi Arabia: Ambassador

More Vietnamese firms interested in Saudi Arabia: Ambassador

An increasing number of Vietnamese enterprises are showing interest in Saudi Arabia, particularly in the sectors of Vietnam's advantages and the Middle East country's needs, a diplomat has said.
“Give and Take” in the Value Chain of the CPTPP Market

“Give and Take” in the Value Chain of the CPTPP Market

Vietnamese businesses have many opportunities and advantages if they take advantage of resources from imports and technology transfers when joining the supply chains of FDI companies within the CPTPP.
Mobile Version