SITUATION OF IMPORT AND EXPORT OF VIETNAM'S GOODS IN THE SECOND HALF OF APRIL 2023 (FROM 16 TO 30 APRIL, 2023)

The latest preliminary statistics of the General Department of Customs show that the total import and export value of Vietnam's goods in the period of second half of April 2023 (from 16th to 30th April, 2023) reached 26, $78 billion, an increase of 2.7% (equivalent to an increase of $702 million) compared to the results in the first half of April 2023.        

The results achieved in the second half of April 2023 brought the total import-export value of the whole country in the four months of 2023 to reach US$ 206.76 billion, down 15.3% (equivalent to US$ 37.47 billion) compared to the same period last year.

In which, the total import-export value of foreign direct investment (FDI) enterprises reached US$ 144.02 billion, down 15.1% (equivalent to US$ 25.68 billion); the import-export value of domestic enterprises was 62.74 billion USD, down 15.8% (equivalent to 11.79 billion USD) compared to the same period last year.

In the period of the second half of April 2023, the balance of trade in goods had a surplus of 2.33 billion USD. Calculated in the 4 months of 2023, the trade balance of goods has a surplus of 7.56 billion USD.

About export:

The total value of Vietnam's exports in the period of the second half of April 2023 reached 14.55 billion USD, up 9.9% (equivalent to 1.3 billion USD increase in absolute number) compared to the period of the first half of April 2023.

Export value in the period of the second half of April 2023 fluctuated and increased compared to the first period of April 2023 in the following commodity groups: iron and steel of all kinds increased by 310 million USD, equivalent to 123.2%; other machinery, equipment, tools & spare parts increased by 190 million USD, equivalent to 12.1%; textiles and garments increased by $184 million, equivalent to an increase of 15.6%...

Figure 1: Export value of some major commodity groups in the period of the second half of April 2023 compared to the period of the first half of April 2023.

Thus, in the four months of 2023, the total export value of Vietnam reached 107.16 billion USD, down 13%, equivalent to 16.08 billion USD down over the same period in 2022.

Statistics of the General Department of Customs also show that the export value of goods of foreign direct investment (FDI) enterprises in the second period of April, 2023 reached 10.45 billion USD, up 9.4%, equivalent to an increase of 898 million USD compared to the first period of the month, thereby bringing the total export value of goods in the four months of 2023 of this group of enterprises to 79.1 billion USD, down 12.4% (equivalent to 4%) decrease of 11.19 billion USD) over the same period last year, accounting for 73.8% of the total export value of the country.

About import:

The total value of Vietnam's imports in the second period of April, 2023, reached 12.23 billion USD, down 4.8% (equivalent to 613 million USD in absolute terms) compared to the results in the first half period of April 2023.

Import value of goods in the second period April 2023 decreased compared to the first previous period, mainly in the following product groups: cell phones & accessories down 140 million USD, equivalent to 36.9%; computers, electronic products & components decreased by USD 137 million, equivalent to a decrease of 4.4%; Iron and steel scrap decreased by 81 million USD, down 47.7%...

Figure 2: Import value of some major commodity groups in the period of April 2, 2023 compared to the period of April 1, 2023

Thus, in the four months of 2023, the total import value of the whole country reached 99.6 billion USD, down 17.7% (equivalent to 21.38 billion USD) compared to the same period in 2022.

Import value of goods of FDI enterprises in this period reached 7.86 billion USD, down 5% (equivalent to 415 million USD) compared to the first period in April 2023. In the four months of 2023, the total import value of this group of enterprises reached 64.92 billion USD, down 18.3% (equivalent to 14.49 billion USD) compared to the same period last year, accounting for 65. 2% of the total import value of the country.

Source: General Department of Customs

 

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