In the first 4 months of 2023, the trade surplus reached 6.35 billion USD, a sharp increase compared to the same period

DNHN - According to preliminary data from the General Statistics Office and the General Department of Customs, the total import and export turnover of goods in April 2023 was estimated at 53.57 billion US dollars, a decrease of 7.7% from the previous month

According to preliminary data from the General Statistics Office and the General Department of Customs, the total import and export turnover of goods in April 2023 was estimated at 53.57 billion US dollars, a decrease of 7.7% from the previous month and a decrease of 18.8% compared to the same period the previous year.

In the first four months of 2023, the total export and import turnover of goods was estimated at 210.79 billion USD, a decrease of 13.6% compared to the same period the previous year, with exports falling by 11.8% and imports falling by 15.4%. The trade balance of goods for the first four months of 2023 was estimated to have a surplus of $6.35 billion, compared to a surplus of $2.50 billion for the same period in 2022. The domestic economic sector has a trade deficit of $8.04 billion US dollars, whereas the foreign-invested sector (including crude oil) had a trade surplus of $14.39 billion.

Regarding export and import markets for goods during the first four months of 2023, the United States is Vietnam's largest export market with an estimated 28.4 billion USD in revenue. China is Vietnam's largest import market, with an estimated 33.3 billion USD in annual sales.

In the first 4 months of 2023, the trade surplus to the US was estimated at 24.4 billion USD, down 23.6% over the same period last year; the trade surplus to the EU was 9.3 billion USD, down 12.7%; the trade surplus to Japan was 367 million USD (same period was 589 million USD); trade deficit from China was 16.8 billion USD, down 18.1%; trade deficit from Korea was 8.9 billion USD, down 36.9%; trade deficit from ASEAN is 2.3 billion USD, down 53%.

88.5% of total export revenue was generated by processed industrial goods.

In March 2023, preliminary exports of goods reached USD 29.71 billion, 139 million more than anticipated. In April 2023, it was estimated that merchandise exports totaled 27.54 billion USD, 7.3% less than the previous month. The domestic economic sector reached 7.12 billion USD, a decrease of 8.6%, while the FDI sector (including crude oil) reached 20.42 billion USD, a decrease of 6.0%. In April 2023, the export turnover of goods decreased by 17.1% compared to the same month the previous year, with the domestic economic sector decreasing by 19.3% and the foreign-invested sector (including crude oil) decreasing by 16.4%.

In the first four months of 2023, the estimated export turnover of goods was 108.57 billion USD, a decrease of 11.8% compared to the same period in 2022. The domestic economic sector reached 28.58 billion USD, a decrease of 11%, representing 26.3% of total export turnover; the FDI sector (including crude oil) reached 79.99 billion USD, a decrease of 12.1%, representing 73.7%.

In the first four months of 2023, there are 20 items with an export turnover of over 1 billion USD, representing 83.8% of the total export turnover (there are 5 items with an export turnover of over 5 billion USD, representing 57.4%).

Regarding the structure of export groups during the first four months of 2023, the group of fuel and mineral products is estimated at 1.33 billion USD, representing 1.2%; the group of processed industrial products was estimated at 96.1 billion USD, representing 88.5%; the group of agricultural and forestry products is estimated at 8.56 billion USD, representing 7.9%; and the group of seafood products is estimated at 2.58 billion USD, representing 2.4%.

In four months, imports decreased by 15.4% compared to the prior period.

In the opposite direction, imports totaled USD 28.32 billion in March 2023, 598 million less than anticipated. The estimated value of April 2023 imports was 26.03 billion US dollars, 8.1% less than the previous month. The domestic economic sector reached $9.13 billion, a decline of 13.0%, while the FDI sector reached $16.9 billion, a decline of 5.2%. In April 2023, the import turnover of goods decreased by 20.5% compared to the same month the previous year, with the domestic economic sector decreasing by 19.4% and the FDI sector decreasing by 21.1%.

In the first four months of 2023, the import turnover of goods was estimated at 102.22 billion USD, a decrease of 15.4% compared to the same period in the previous year, with the domestic economic sector reaching 36.62 billion USD, a decrease of 11.4%, and the FDI sector reaching 65.6 billion USD, a decrease of 17.4%.

In the first four months of 2023, 19 imported items with a value exceeding $1 billion accounted for 75.8% of the total import turnover (two imported items with a value exceeding $5 billion accounted for 37.1%).

P.V