News

Import-export turnover reached more than $30 billion in the first half of July

Summary

According to the latest preliminary statistics of the General Department of Vietnam Customs, Vietnam's import-export turnover in the first half of July reached $30.59 billion, down 8.3% (equivalent to a decrease of $2.77 billion) compared to the results in the second half of June 2022.

Updated on : 26-09-2022

 

Sketch by T.Bình

The results achieved in the first half of July saw increased import-export turnover to $403.11 billion, up 16.7%, equivalent to $57.66 billion higher than the same period last year.

In the first half of July, the trade balance had a deficit of $2.01 billion. From the beginning of the year to July 15, the trade balance had a deficit of $955 million.

The total export turnover reached $14.29 billion, down 19.5% (equivalent to $3.47 billion) compared to the second period of June 2022.

Groups of goods that fell sharply, such as computers, electronic products, and components, decreased by $1.41 billion, equivalent to a decrease of 45.9%; phones and components decreased by $682 million, equivalent to a decrease of 26.8%; machinery, equipment, tools, and spare parts decreased by $274 million, equivalent to a decrease of 13%; iron and steel of all kinds decreased by $193 million, equivalent to a 44% decrease.

From the beginning of the year to the end of July 15, export turnover reached $201.08 billion, up 17.4%, equivalent to an increase of $29.86 billion over the same period in 2021.

Some groups grew strongly such as machinery, equipment, tools, and spare parts increased by $4.83 billion, equivalent to 26.2 % increase; phones and components increased by $4.8 billion, equivalent to 18% increase; computers, electronic products, and components increased by $3.98 billion, equivalent to 15.7% increase; textiles and garments increased by $3.38 billion, equivalent to an increase of 19.9%.

Imports in the first period of July reached $16.3 billion, up 4.5% (equivalent to $699 million) compared to the second half of June 2022.

Import turnover increased in several commodity groups. Computers, electronic products, and components increased by $465 million, equivalent to an increase of 13.8%; phones and components increased by $164 million, equivalent to 23.9%.

However, there is still a decrease in the number of commodity groups. Iron and steel decreased by $136 million, equivalent to 20.6%; coal decreased by $106 million, equivalent to 20.5%; Iron and steel scrap decreased by $105 million, equivalent to a decrease of 68.1%.

From the beginning of the year to July 15, the import turnover reached $202.03 billion, up 16% over the same period in 2021.

Some groups grew strongly such as computers, electronic products, and components increased by $10.48 billion, equivalent to 28.7%; petrol and oil increased by $3.1 billion, equivalent to 131.8%; coal increased by $2.73 billion, equivalent to 136.6%.