Quang Ngai's import-export activities in 2023 achieved impressive results. Of which, export turnover is estimated at 2.4 billion USD, exceeding the annual plan by 14.3%, up 7.6% compared to 2022...
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| Quang Ngai export turnover hits record 2.4 billion USD |
One of the highlights that greatly contributed to Quang Ngai's overall success in 2023 was its export activities exceeding the annual plan. Accordingly, in 2023, Quang Ngai's export turnover is estimated to reach 2.4 billion USD, an increase of 7.6% compared to 2022, exceeding the plan by 14.3% (plan of 2.1 billion USD).
These are impressive figures, considered to set a record for export activities in Quang Ngai. Notably, some products exceeded the plan such as: Mechanical products exceeded 11.5%; steel exceeded 50%; other goods exceeded 11.1%...
The above results are the result of sharing difficulties of the local government, always accompanying the business community, creating a favorable environment for businesses to produce stable business, diversifying many products to supply domestic and foreign markets.
In addition, local export enterprises have been proactive and flexible in organizing production, seizing opportunities for recovery and scarcity of goods from import markets, effectively exploiting FTAs to quickly boost exports.
Some enterprises have expanded their export markets such as: Quang Ngai Agricultural Products and Foodstuff Joint Stock Company expanded its exports to the Philippines and South Korea; GE Vietnam Electrical Systems Co., Ltd. exported 2 modules of heat recovery boilers to Taiwan with great value. In addition, there are some enterprises participating in exporting products such as: Sportswear for rain to the Japanese, Korean, Taiwanese, British, and American markets of Toray International Vietnam Co., Ltd.; electrical transmission lines in cars to the Japanese market of Fujikura Automotive Co., Ltd.; medical infusion sets, details of medical infusion sets to the US and Thai markets of ME Nikkiso Vietnam Co., Ltd.
In addition to the achieved results, in 2023, local export activities also encountered some difficulties, some products did not meet the plan such as wood chips for paper materials at 85.3%; textile fibers, fabrics of all kinds at 88.2%; shoes, leather bags of all kinds at 89.7%.
The reason is that some major commodity export markets of Quang Ngai are implementing tight monetary policies to prioritize anti-inflation and protectionist measures to maintain growth; The slow recovery of the world economy and China's reopening also create a lot of competitive pressure on the same type of export goods of Vietnam in general and Quang Ngai in particular.
Meanwhile, in terms of imports, in 2023, Quang Ngai's import turnover is estimated to reach 3,586 million USD, down 0.3% compared to 2022 and exceeding the annual plan by 8%. The main imported items are raw materials for production such as: iron and steel, iron ore exceeding 17.3%; machinery, spare parts by 100%; fabrics, raw materials for garments, leather and footwear by 100%...
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