Outstanding Vietnamese export marks 2022

Market Information
icon date25/07/2023

Vietnam’s export in 2022 reached a really impressive figure when it earned more than 372 billion USD and had a trade surplus 3 times higher than in 2021.

Export of agricultural products converted from quantity to quality
Why does it say that Vietnam’s exports in the agricultural sector have changed from quantity to quality?
According to the announcement of the Ministry of Industry and Trade in 2022, the amount of agricultural products exported from Vietnam to major countries will reach more than 372 billion USD, up 10.6%, exceeding the target set by the National Assembly and the Government.
Moreover, the trade surplus for the 7th year in a row achieved a surplus of nearly 11.2 billion USD, more than 3 times higher than in 2021. This is a figure showing Vietnam’s position and efforts in import and export activities in general and export activities in particular.
Outstanding products in the agricultural, forestry and fishery industries are really a highlight when the trade surplus accounts for more than ⅔ of the country’s trade surplus.
According to a representative of the Ministry of Agriculture and Rural Development, the above figures have proven that our country’s agricultural industry is on the right track towards restructuring as well as the right strategy for sustainable rural development.
On the other hand, Mr. Le Minh Hoan – Minister of Agriculture and Rural Development also said that: Currently, we need to open many markets to export a variety of agricultural products to big countries, access to difficult markets to reach and conquer these markets at the same time.
Thanks to the strategic orientation, for the first time after more than 20 years of participating in the import-export market, Vietnam’s seafood industry has officially joined the export club of over 10 billion USD per year.
Most of Vietnam’s exports are to markets such as the US, Europe, Japan, China…
Through the above efforts and efforts, we have seen that Vietnam’s agriculture is gradually removing the difficulties in exporting Vietnamese agricultural products, leaving a huge export mark. Build the initial success in the market.
Effectively exploiting FTAs, promoting export targets in 2023
According to data from the General Statistics Office, Vietnam’s export target in 2023 has seen many positive changes, such as reducing raw export content, increasing exports of processed and industrial products. Thereby creating conditions for Vietnamese goods to penetrate the global supply chain.
Outstanding products including processed industrial products accounted for more than 89%, up nearly 3% compared to 2021. Vietnam’s export mark in 2022 is also a stepping stone in 2023.
According to the Ministry of Industry and Trade, these impressive results have been achieved thanks to the good adaptability of the Vietnamese business community in the face of the complicated covid epidemic spreading globally, while removing difficulties for the business community, and promoting the effective implementation of signed FTAs.
In the past year, the effective exploitation of the FTA has helped Vietnamese businesses increase a lot in agricultural export output in 2022 to over 30 billion USD. However, penetrating into many difficult markets, but the quality of agricultural products is good, Vietnam has been trusted by many friends and partners.
According to Mr. Nguyen Hong Dien, Minister of Industry and Trade, the above remarkable achievements in terms of growth in import and export turnover and maintaining trade surplus in 2022 are due to the promotion of new generation FTAs.
Without this market, we would have a trade deficit, not an export surplus, especially the export surplus markets, most of which are fastidious. Therefore, our country’s goods have found a firm foothold in the market and have proven their national competitiveness, especially with many new steps to effectively exploit the FTA.
Experts estimate that in the coming time, when many logistics conditions and congestion of ports and border gates in some major markets are improved, it will certainly help to make the growth target of 6% in 2023 become feasible.
Currently, we see that many sea freight crazes have cooled down before the time of the epidemic, which has created great favorable conditions for goods to be delivered better.
At the same time, thereby reducing congestion in the region: the United States, Europe … In China, it still exists, but next year, when they lift restrictions due to the epidemic, this situation will also end. Thus, having the circulation of goods in general will be very convenient
Vietnam’s exports are now being improved in terms of product quality, working machinery, and many new models to meet the needs of many countries around the world.