Noteworthy points from import and export figures in the first 4 months of the year

According to the data released by the General Statistics Office, the total import and export turnover of goods in the first 4 months of 2022 reached 242.19 billion USD; in which, export reached 122.36 billion USD and import reached 119.83 billion USD. Thus, after 4 months of 2022, the trade balance is estimated to have a trade surplus of 2.53 billion USD.

Merchandise export turnover in April 2022 is estimated at 33.26 billion USD, down 4.2% over the previous month and up 25% over the same period last year.

Generally, in the first four months of the year, export turnover of goods was estimated at 122.36 billion USD, up 16.4% over the same period last year. In which, the domestic economic sector reached 31.77 billion USD, up 21.6%, accounting for 26% of total export turnover; FDI sector (including crude oil) reached 90.59 billion USD, up 14.7%, accounting for 74%.

Regarding the structure of export products in the past 4 months, fuel and mineral products accounted for 1.3%, up 0.4 percentage points over the same period last year; processed industrial products accounted for 89%, down 0.5 percentage points; agricultural and forestry products accounted for 6.8%, down 0.5 percentage points; aquatic products accounted for 2.9%, up 0.6 percentage points.

Commodity import turnover in April 2022 is estimated at 32.19 billion USD, down 1.5% compared to the previous month and up 15.5% over the same period last year. In general, in the first four months of 2022, import turnover of goods was estimated at 119.83 billion USD, up 15.7% over the same period last year, of which the domestic economic sector reached 40.97 billion USD, up 14.3%; FDI sector reached 78.86 billion USD, up 16.4%.

In the past 4 months, there were 22 imported items with a value of over 1 billion USD, accounting for 81.5% of total import turnover.

Regarding the structure of imported goods in the first four months of the year, capital goods accounted for 93.9%, up 0.04 percentage points over the same period last year, of which machinery, equipment, and auxiliary tools spare parts accounted for 45.2%; group of raw materials, fuel and materials accounted for 48.8%. The group of consumer products accounted for 6.1%.

Regarding the export and import market of goods in the first four months of the year, the United States is the largest export market of Vietnam with an estimated turnover of 35.7 billion USD. China is Vietnam’s largest import market with an estimated turnover of 37.1 billion USD.

Merchandise trade balance in April was estimated to have a trade surplus of 1.07 billion USD. In the past 4 months, the trade balance of goods was estimated to have a trade surplus of 2.53 billion USD (the same period last year, the trade surplus was 1.5 billion USD). In which, the domestic economic sector has a trade deficit of 9.2 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 11.73 billion USD.