AsemconnectVietnam - Vietnam’s import turnover of raw materials for export production continued to increase in September. This was one of the positive points in the past month.

According to the Ministry of Industry and Trade, the import turnover of goods in September of 2023 was estimated at 29.12 billion USD, down by 0.7% compared to the previous month. Of which, the import value of the domestic economic sector reached 10.37 billion USD, down by 1.2%; while the import value of the foreign investment sector reached 18.75 billion USD, down by 0.4%.
In comparison to the same period last year, the import turnover of goods in September of this year increased by 2.6%, of which the import value of the domestic economic sector increased by 7%; while the import value of the foreign invested sector increased by 0.3%.
In the first 9 months of 2023, the country’s total import turnover of goods was estimated to reach 237.99 billion USD, down by 13.8% over the same period last year, of which the import value of the domestic economic sector reached 85.12 billion USD, down by 11.8%; while the import value of the foreign invested sector reached 152.87 billion USD, down by 14.9%.
In the first 9 months of 2023, there were 37 imported items recorded the import value of over 1 billion USD, accounting for 89.7% of total import turnover (there were 2 imported items worth of over 10 billion USD, accounting for 39.3%).
Notably, one of the positive points in September was that the import turnover of raw materials for export production continued to increase.
Specifically, the import turnover of the group of goods that need to be imported was estimated at 26.1 billion USD, up by 4.9% over the same period and accounting for 89.7% of the country's total import turnover.
In particular, the import turnover of key product groups and important inputs serving export industries increased, such as computers, electronic products and components, estimated at 8.8 billion USD, an increase of 4.9% over the previous month and up by 31.1% over the same period last year. The import value of machinery, equipment, tools, and spare parts reached 3.8 billion USD, up by 1.6% over the previous month; fabrics of all kinds reached 1.1 billion USD, up by 1.5% over the previous month.
However, in the first 9 months of 2023, the imports of raw materials for production still decreased compared to the same period last year, in which key product groups and important inputs serving export industries all decreased in double digits.
The imports of phones and accessories (down by 62.2%); machinery, equipment, tools and spare parts (down by 11.1%); raw materials for textiles, garments, footwear down by 13.4%, etc. The reason was partly due to the cooling of raw material prices and the lack of export orders, leading to a corresponding decrease in input material imports.
CK
Source: VITIC/haiquanonline.com.vn