Vietnam’s import – export of goods has made strong progress

Vietnam’s import – export of goods in recent years has seen many strong and positive changes in the socialist-oriented market economy.

Vietnam’s export value of goods at the end of 2022

In August 2022, import and export goods, in which exports increased sharply at the end of the year.

Phones of all kinds and components were worth $6.09 billion, a sharp increase of 39.4% over the previous month.

The export price of all kinds of phones and components reached 40 billion USD, increasing 13.5% compared to 8 months of 2021. In which, these products exported increased by 48% to reach US$ 9.25 billion: to the Chinese market with a value of US$ 8.97 billion, increasing 11%; to the EU (27) with a value of US$ 4.61 billion, decreasing 5%.

Computers, electronic products & components in this month reached US$ 4.94 billion, increasing 25.4% over the previous month, bringing the export value of this group in 8 months of 2022 to US$ 36.71 billion, increasing 15.2% over the same period in 2021.

Other machinery, equipment, tools and spare parts this month reached $4.49 billion, increasing 9.7% over the previous month. In the first eight months of 2022, the export value of this group reached US$30.06 billion, increasing 29.2% over the same period last year.

Import markets of machinery, equipment, tools and spare parts in the past 8 months mainly include: the US with US$ 13.19 billion, increasing 28%; the EU with 3.91 billion USD, increasing 38%; China with 2.29 billion USD, increasing 37%; Korea with 1.84 billion USD, increasing 22%… compared to 8 months of 2021.

Textile and garment: Exports for 6 consecutive months exceeded 3 billion USD and reached 4 billion USD for the first time in August. At the same time, the export of this group in 8 months of 2022 contributed the second largest to the increase in exports of the whole country, with 5.14 billion USD.

Import value of Vietnam’s goods at the end of 2022

Computers, electronic products and components

Computer products, eletronic products and components with import value increased rapidly in 2022, increasing 20.9% over the previous month.

Generally in the first quarter of 2022, the import rate of this group reached 16.55 billion USD, increasing 20.2% over the same period last year and accounted for the largest proportion up in the total import value of the whole country.

Thus, it can be seen that imports of this group of goods in the first quarter of 2022 increased by 2.78 billion USD, this is the largest increase in all key commodity groups of Vietnam.

Over the past three months, this group of imported products from Vietnam has mainly increased sharply in large markets such as: China with more than 4.64 billion USD, up 66%, in Taiwan with 2.22 billion USD, up 45% over the same period last year.

Besides, imports from the second largest market, South Korea, decreased again, with a value of USD 4.38 billion, down USD 296 million, equivalent to a decrease of 6%.

Machines, equipment, tools, spare parts

This is the group of items with the second largest export value of Vietnam, reaching 4.02 billion USD, up 38.1% over the previous month. Since then, the import value of this group of goods has increased rapidly to 10.84 billion USD, up 30.9% over the same period last year.

The market supplying Vietnam’s export products is China with a total value of 5.33 billion USD, up 69% and accounting for 49% of the total value of imported machinery, equipment and spare parts of the country. .

Followed by Vietnam imported from the Korean market with USD 1.77 billion, up 15%; Japan with 1.09 billion USD, down 4% compared to the same period last year

Group of raw materials for textiles, leather and shoes

Total import turnover of Vietnam in the group of textile, leather and footwear materials and accessories reached US$2.27 billion, a sharp increase of 55.3% over the previous month, equivalent to an increase of US$810 million.

Only in the first quarter of 2022, the import rate of this group increased by 13.1% to reach 5.79 billion USD compared to the same period in 2021.

Currently, China is still the largest market supplying leather footwear and accessories to Vietnam, accounting for a high proportion of 49%, up 25.2% with 2.82 billion USD over the same period last year.

Followed by markets: Taiwan with 609 million USD, up 5.2%; Korea with USD 565 million, 6.4%; US with $ 375 million, down 27.2%

Prices of imported goods of Vietnam

According to statistics of the General Department of Customs, the total value of import and export of Vietnam’s goods at the end of October 2022 reached 30.32 billion USD, up 9.3% compared to the performance in the first half of the year. early October 2022.

In which, the total import and export value of goods of foreign direct investment enterprises reached US$ 428.99 billion, up 14.6%, the import and export value of domestic enterprises was 187.31 billion USD, up 12.9%, equivalent to 21.4 billion USD over the same period last year.

Regarding exports: The total value of Vietnam’s export goods in the 2nd period October 2022 reached 16.35 billion USD, up 15.9%, equivalent to 2.25 billion USD in absolute terms compared to the 1st period. 10/2022.

Regarding imports: The total value of Vietnam’s imports in the 2nd period of October, 2022 reached US$ 13.96 billion, up 2.4%, equivalent to an increase of US$ 323 million in absolute terms compared to the performance in the previous year. first half of October 2022.

Through the above article, surely readers have seen the transformation in the import and export of Vietnamese goods, right? If you have any questions, please leave a comment below the article to be answered promptly.