Goods exports increased by more than 2 billion USD

According to the General Department of Customs, import and export turnover in the second half of September (September 16-30) increased significantly compared to the first half of this month, according to the latest preliminary statistics just announced by the General Department of Customs.

Specifically, in the second half of September, the total import-export turnover of the whole country reached 30.85 billion USD, an increase of 9.9% (equivalent to an increase of 2.78 billion USD) compared to the results achieved in the first half of September 2023.

Of which, exports reached 16.3 billion USD, up 14.1% (equivalent to an increase of 2.01 billion USD) compared to the first period of September 2023. Exports increased in some key commodity groups such as: Computers, electronic products and components; iron and steel of all kinds; textiles; footwear; phones of all kinds and components; means of transport and spare parts...

By the end of September, Vietnam's total export turnover reached 258.97 billion USD, down 8.5%, equivalent to a decrease of 24.02 billion USD compared to the same period in 2022.

Vegetables and fruits are items with good export growth.

The best growth among export groups was achieved by fruits and vegetables. In September, the export turnover of fruits and vegetables reached 667 million USD, an increase of 43.7% compared to the previous month. Compared to the same period in 2022, the increase was even more impressive at 167% (equivalent to an additional turnover of nearly 420 million USD).

By the end of September, the export turnover of fruits and vegetables reached 4.2 billion USD, an increase of 72.5% over the same period last year.

Among Vietnam’s “billion-dollar” export items, fruits and vegetables have the most impressive growth. The growth of fruits and vegetables has a large contribution from the recovery in the Chinese market.

In the second half of September, imports reached 14.55 billion USD, up 5.6% (equivalent to an increase of 768 million USD) compared to the results in the first half of September 2023. The groups of goods with notable increases include: All kinds of phones and components; machinery, equipment, tools and spare parts; chemicals...

The results achieved in the second half of September brought the country's total import-export turnover in the past 9 months to 496.3 billion USD. However, this figure still decreased by 11.2% (equivalent to a decrease of 62.78 billion USD) compared to the same period last year.

In the second half of September, the trade balance of goods had a surplus of 1.76 billion USD and for the whole 9 months, the surplus was 21.64 billion USD, much larger than the 6.9 billion USD surplus of the same period last year.

According to the Ministry of Industry and Trade , with active and synchronous measures to remove difficulties to support domestic production, promote trade, expand domestic and export markets being strongly implemented, import and export activities in recent times have gradually shown positive signs.

The Ministry of Industry and Trade analyzed that the reason for the recent decline in imports and exports is that major economies that are Vietnam's export partners such as the United States and the EU have reduced spending on purchasing common and luxury products, causing the volume of orders to decrease.

In addition, China’s reopening also creates a lot of competitive pressure on Vietnam’s exports of the same type. Meanwhile, our businesses are still facing many difficulties due to the decrease in foreign orders, the domestic market’s low purchasing power, high input costs, and difficulty in accessing credit…

Therefore, in the coming time, the Ministry of Industry and Trade is making efforts to promote negotiations and signing of new agreements, commitments, and trade links, including completing the implementation of the FTA with Israel, signing FTAs, and trade agreements with other potential partners (UAE, MERCOSUR...) to diversify markets, products, and supply chains.

In addition, support businesses to take advantage of commitments in FTAs, especially the CPTPP, EVFTA, UKVFTA to boost exports, through propaganda on rules of origin and issuance of Certificates of Origin, opportunities and ways to take advantage of opportunities from the agreements.

Coordinate with the Ministry of Agriculture and Rural Development to negotiate with China to open more export markets for other Vietnamese fruit and vegetable products such as: green-skinned grapefruit, fresh coconut, avocado, pineapple, star apple, lemon, melon, etc.

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