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Estimated export turnover of goods in 7 months reached 194.73 billion USD

VTC NewsVTC News03/08/2023


Of which, the domestic economic sector reached 51.5 billion USD, down more than 10%, accounting for more than 26% of total export turnover; the foreign-invested sector (including crude oil) reached 143.23 billion USD, down nearly 11%, accounting for nearly 74%.

Regarding the structure of export goods in the past 7 months, the group of fuel and minerals is estimated at 2.4 billion USD; the group of processed industrial goods is estimated at 164.8 billion USD; the group of agricultural, forestry and fishery products is estimated at 18.17 billion USD.

Compared to the same period last year, export turnover of most commodity groups decreased from 10 to more than 30%, including: processing industry; fuel and minerals; phones of all kinds and components; machinery, equipment, tools, other spare parts; textiles; footwear of all kinds; wood and wood products; seafood; rubber...

On the contrary, agricultural product exports performed positively with fruit and vegetable export turnover increasing by more than 68%, estimated at 3.23 billion USD; rice increasing by nearly 30%, estimated at 2.58 billion USD; coffee increasing by 6%.

Of which, 30 items achieved export turnover of over 1 billion USD, accounting for more than 91% of total export turnover (there were 5 items exported over 10 billion USD, accounting for more than 57%).

In July, goods export activities continued to show positive signs when they increased by 0.8% compared to the previous month, estimated at 29.68 billion USD, the second highest export turnover month since November 2022 (only lower than the export turnover of March 2023, reaching 29.71 billion USD).

Export turnover of goods in 7 months is estimated at 194.73 billion USD (Illustration photo).

Export turnover of goods in 7 months is estimated at 194.73 billion USD (Illustration photo).

Notably, the agricultural and aquatic products group in July 2023 slowed down compared to the previous month (down 0.9%), but still increased by 13.5% over the same period last year. Compared to the same period last year, the export turnover of some items still achieved high growth rates such as: vegetables and fruits increased by 122.5%, cashew nuts increased by 15%, coffee increased by 37%, rice increased by more than 14%...

Regarding the export market from the beginning of the year until now, the US is still Vietnam's largest export market with an estimated turnover of 52.4 billion USD, down nearly 22% compared to the same period last year. The EU market is estimated at 25 billion USD, down nearly 10%; ASEAN is estimated at 18.6 billion USD, down 9.6%; South Korea is down nearly 9%, estimated at 12.9 billion USD; Japan is estimated at 13.03 billion USD, down 3.5%. The Chinese market alone is our country's second largest export market with an estimated turnover of 31.57 billion USD, up 4.9% compared to the same period last year.

Regarding goods imports, the decrease in world demand for goods also affected the import turnover of raw materials for the production of export orders in our country. However, thanks to positive signals in industrial production and export in July, the import turnover of goods in July 2023 is estimated at 27.53 billion USD, up 4.4% over the previous month. Of which, the domestic economic sector reached 10.73 billion USD, up 14.3%; the foreign-invested sector reached 16.8 billion USD, down 1%.

In the first 7 months of 2023, the total import turnover of goods is estimated at 179.5 billion USD, down more than 17% over the same period last year, of which the domestic economic sector reached 64.1 billion USD, down more than 16%; the foreign-invested sector reached 115.4 billion USD, down more than 17%.

PHAM DUY


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