TPO - According to the General Department of Customs, inflation in some major markets is causing Vietnam's import and export activities to decline sharply. From the beginning of the year to May 15, the country's import-export turnover only reached 230 billion USD, a decrease of nearly 40 billion USD. The number is even lower than when the COVID-19 epidemic broke out in 2021.
According to the latest statistics of the General Department of Customs, in the first half of May, the country's export turnover of goods reached 11.4 billion USD, down more than 21% compared to the second half of April. Accumulated from the beginning of the year to On May 15, the country's merchandise exports reached 118.6 billion USD, down 12.8% over the same period last year.
On the contrary, goods imports in the first half of May reached 12.4 billion USD, a slight increase compared to the previous period. However, if calculated from the beginning of the year to May 15, Vietnam's goods imports reached 112 billion USD, down 18% compared to the same period last year.
Thus, up to now the total import-export turnover of the country has reached just over 230 billion USD, down 15.3% compared to the same period last year, equivalent to a decrease of nearly 40 billion USD. The number is even lower than when the COVID-19 epidemic broke out in 2021, when the total import-export turnover reached 234 billion USD.
Notably, key import and export product groups such as: phones and components; computers, electronic products and components; textile; Footwear... all decreased sharply compared to the same period last year.
With the current scale, in the first months of the year, import-export turnover only reached an average of 51.2 billion USD per month, while this figure for the same period last year reached more than 60 billion USD.
“To achieve the same scale as last year (more than 730 billion USD), in the remaining period of this year, Vietnam's import-export turnover of goods must reach about 500 billion USD, equivalent to an average of nearly 67 billion USD. USD per month. This is a challenging goal for management agencies and the business community," said the General Department of Customs.
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