Trade in goods across HCM city port decreases US$ 11 billion

By Le Thu/ Hoang Loan

20:06 | 28/05/2023 Import-Export Follow english.haiquanonline.com.vn on

VCN – The trade in goods across HCM city port in the first five months of 2023 plunged over US$11 billion.

	FDI sector posts over 14 billion USD in four-month trade surplus
	Export situation of many regions is gloomy
	Exploring new markets expected to fuel foreign trade

Trade in goods across HCM city port decreases US$ 11 billion

Officers of HCM City Customs Department inspect imported goods at Cat Lai Port. T.H

According to HCM Customs Department, as of May 10, total import and export turnover across ports of HCM City decreased by 22.29% year-on-year to US$ 39.17 billion.

The import turnover declined by 24.72% to US$21.14 billion; export turnover decreased by 19.25% to US$ 18.03 billion compared with the previous year.

As of May 10, the trade balance for import-export goods through customs procedures at HCM City Customs Department had a trade deficit of US$3.11 billion.

The plunge in import-export goods caused a decrease in revenue for HCM City Customs Department in May. As of May 10, the revenue went down 4.94% year-on-year to VND 45,573.6 billion, meeting 31.26% of the target.

By Le Thu/ Hoang Loan

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