Exports recovered remarkably, with 15 items accounting for more than 1 billion USD in revenue

DNHN - In the first quarter of 2022, exports recovered strongly with a total turnover of 12.9% over the same period last year. The whole country has 15 products with export turnover of over 1 billion USD, of which 5 products are exported over 5 billion USD.

According to data from the General Statistics Office, in the first quarter of 2022, export turnover of goods was estimated at 88.58 billion USD, up 12.9% over the same period last year. In which, the domestic economic sector reached 23.27 billion USD, up 22%, accounting for 26.3% of total export turnover; FDI sector (including crude oil) reached 65.31 billion USD, up 10%, accounting for 73.7%.  

The whole country has 15 products with export turnover of over 1 billion USD, accounting for 80% of total export turnover, of which 5 items are exported over 5 billion USD, including: Phones and components; electronics, computers and components; other machinery, equipment and auxiliary tools; textile; footwear. 

Regarding the structure of export products in the first quarter, fuel and mineral products accounted for 1.4%, up 0.5% over the same period last year; processed industrial products accounted for 89%, agricultural and forestry products accounted for 6.9%, down 0.1%; aquatic products accounted for 2.7%, up 0.5%. 

Vietnam's largest export market, with an estimated transaction of 25.2 billion USD in the last three months, has remained the United States. 

China is Vietnam's largest import market with an estimated turnover of 27.6 billion USD. 

Vietnam's trade surplus with the EU was estimated at 7 billion USD, up 24.5 percent year on year; its trade deficit with China was 14.3 billion USD, up 21%; its trade deficit with Korea was 10.4 billion USD, up 39.1 percent; its trade deficit with ASEAN was 3.3 billion USD, down 6.6 percent; and its trade deficit with Japan was 434 million USD, up 23.1 percent. 

Regarding imports, the import turnover of goods is estimated at 87.77 billion USD from the start of the year to the present, with the domestic economic sector accounting for 29.43 billion USD and the foreign-invested sector accounting for 29.43 billion USD. 58.34 billion United States dollars. 

In the first quarter of 2022, the trade balance of goods is estimated to have a trade surplus of US$809 million. In which, the domestic economic sector has a trade deficit of 6.16 billion USD; FDI sector (including crude oil) had a trade surplus of 6.97 billion USD. 

Hoang Anh