AsemconnectVietnam - Vietnam’s imports of goods in the first 5 months of 2023 recorded the strongest decline in history with a decrease of 28.2 billion USD compared to the same period of 2022.

According to the statistics figures of the General Department of Customs recorded over the past 20 years, the import of goods tends to increase next year compared to the previous year. In the first 5 months of 2022, the country’s imports of goods saw an increase of 21 billion USD compared to the same period of 2021.
In particular, in the first 5 months of 2021, the figure increased by more than 36 billion USD compared to the same period in 2020.
However, the imports of goods in the first 5 months of 2023 fell sharply by 28.2 billion USD compared to the same period last year. According to the latest data published by the General Department of Customs, the total import turnover of Vietnam's goods in the past 5 months only reached 125.57 billion USD, down by 18.4%, equivalent to 28.2 billion USD compared to the same period last year.
This was the largest decline ever, higher than the decrease of more than 14 billion USD in the first 5 months of 2009 which was a year of strong economic recession worldwide.
In terms of businesses, the imports of goods by foreign-invested enterprises (FDI) in the first five months of 2023 decreased by 18.2 billion USD and imports by domestic enterprises decreased by 10 billion USD compared to the same period last year.
Specifically, the imports of FDI enterprises reached 81.68 billion USD, down by 18.3% or 18.2 billion USD over the same period last year. Meanwhile, the imports of domestic enterprises reached 43.89 billion USD, down by 18.6%, equivalent to a decrease of more than 10 billion USD over the same period last year.
Regarding commodity groups, there were 8 groups of imported goods with a decrease of over 1 billion USD in just the first 5 months of this year. The imports of phones of all kinds and components decreased by 5.9 billion USD; electronic products and components down by 4.9 billion USD; machinery, equipment, tools and spare parts decreased by 2.4 billion USD; plastic raw materials decreased by 1.8 billion USD, iron and steel of all kinds decreased by 1.7 billion USD, fabrics of all kinds decreased by 1.3 billion USD, other common metals and chemical products decreased by 1 billion USD each compared with the same period last year.
Particularly the imports of the above 8 commodity groups decreased by 20 billion USD compared to the same period last year and equal to 70% of the decrease in import turnover of the whole country.
Regarding the import markets, China, South Korea and the ASEAN region were the 3 largest import markets and also had the strongest decrease. Specifically, the imports of goods from China was 41.2 billion USD, down by 8.8 billion USD; from South Korea was 20.1 billion USD, down by 7.7 billion USD and the import from ASEAN was 16.7 billion USD, down by 3.6 billion USD over the same period last year.
CK
Source: VITIC/ haiquanonline.com.vn