AsemconnectVietnam - The world economy's difficulties have continued to affect the import and export turnover of Vietnam's goods.

In the first 4 months of 2023, the country’s total import and export turnover of goods was estimated at 210.79 billion USD, down by 13.6% over the same period last year, of which exports decreased by 11.8%; and imports decreased by 15.4%. 
The US was still the main export market
According to the data just announced by the General Statistics Office, Vietnam’s export turnover of goods in April of 2023 was estimated at 27.54 billion USD, down by 7.3% compared to the previous month. In which, the export turnover of the domestic economic sector reached 7.12 billion USD, down by 8.6%; while the export turnover of the FDI sector (including crude oil) reached 20.42 billion USD, down by 6.9%.
In comparison to the same period last year, the export turnover of goods in April of this year decreased by 17.1%, of which the export turnover of the domestic economic sector decreased by 19.3%, while the export turnover of the foreign investment sector (including crude oil) decreased by 16.4%.
In the first 4 months of 2023, Vietnam’s export turnover of goods was estimated at 108.57 billion USD, down by 11.8% over the same period last year. In which, the export turnover of the domestic economic sector reached 28.58 billion USD, down by 11%, accounting for 26.3% of total export turnover; while the export turnover of the FDI sector (including crude oil) reached 79.99 billion USD, down by 12.1%, accounting for 73.7%.
Notably, in the first 4 months of 2023, there were 20 items with export turnover of over 1 billion USD, accounting for 83.8% of total export turnover (there were 5 export items of over 5 billion USD, accounting for 57.4 %).
Regarding the structure of export groups in the first 4 months of 2023, the exports of the group of fuel and mineral products were estimated at 1.33 billion USD, accounting for 1.2%; the exports of the group of processed industrial products were estimated at 96.1 billion USD, accounting for 88.5%; the exports of the group of agricultural and forestry products were estimated at 8.56 billion USD, accounting for 7.9%; and the exports of seafood products were estimated at 2.58 billion USD, accounting for 2.4%.
The United States was Vietnam's largest export market with an estimated turnover of 28.4 billion USD. In the first 4 months of 2023, the trade surplus to the US was estimated at 24.4 billion USD, down by 23.6% over the same period last year; the trade surplus to the EU was 9.3 billion USD, down by 12.7%; the trade surplus to Japan was 367 million USD (the same period the trade deficit was 589 million USD).
Trade surplus reached 6.35 billion USD
Vietnam’s import turnover of goods in April of 2023 was estimated at 26.03 billion USD, down by 8.1% compared to the previous month. In which, the import value of the domestic economic sector reached 9.13 billion USD, down by 13%; the import value of the FDI sector reached 16.9 billion USD, down by 5.2%. In comparison with the same period last year, the import turnover of goods in April of 2023 decreased by 20.5%, of which the import value of the domestic economic sector decreased by 19.4%; while the import value of the FDI sector decreased by 21.1%.
Generally in the first 4 months of 2023, the country’s import turnover of goods was estimated at 102.22 billion USD, down by 15.4% over the same period last year, of which the import value of the domestic economic sector reached 36.62 billion USD, down by 11.4%; and the import value of the FDI sector reached 65.6 billion USD, down by 17.4%.
In the first 4 months of 2023, there were 19 imported items with a value of over 1 billion USD, accounting for 75.8% of the total import turnover (there were 2 imported items with over 5 billion USD, accounting for 37.1%). The import value of the group of materials of production was estimated at 95.64 billion USD, accounting for 93.6%, of which the import value of the group of machinery, equipment, tools and spare parts accounted for 44%; group of raw materials, fuel and materials accounted for 49.6%. The import value group of consumer products was estimated at 6.58 billion USD, accounting for 6.4%.
Regarding the import market of goods in the first 4 months of 2023, China was the largest import market of Vietnam with an estimated turnover of 33.3 billion USD. Accordingly, trade deficit from China reached 16.8 billion USD, down by 18.1%; trade deficit from South Korea was 8.9 billion USD, down by 36.9%; trade deficit from ASEAN was 2.3 billion USD, down by 53%.
Merchandise trade balance in April was estimated to have a trade surplus of 1.51 billion USD. In the first 4 months of 2023, the trade balance of goods was estimated to have a trade surplus of 6.35 billion USD (the same period last year, the trade surplus reached 2.35 billion USD). In which, the domestic economic sector had a trade deficit of 8.04 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 14.39 billion USD.
CK
Source: VITIC/ haiquanonline.com.vn