In the first six months, Thai Binh anticipates a total export volume of 1,168 million USD.

DNHN - According to a report by the Statistics Office of Thai Binh province, the province's export turnover increased by 4.5% in the first half of 2023, reaching an estimated $1,168 million.

The private economy reached 722 million USD, an increase of 10.8%, while the FDI economy reached 446 million USD, a decrease of 4.5%. Textiles and apparel at USD 644 million (representing 55.1%), up 4.1%; computers, electronic products, and components at $ 1 million, up 1.4 times; seafood products at USD 13.7 million, up 87.4%; rattan, bamboo, sedge, and carpet products at USD 3.3 million, up 37.8%; paper and paper products at USD 8.1 million, up 13.5%; ceramic and porcelain products at USD 11.0 million, up 9%. Nonetheless, the number of export products declined, including yarn, textile yarn of all types, $ 76.0 million, down 17.4%; iron and steel products, $11.2 million, down 12.5%; wood products, $5.3 million, down 7.8%; and other goods, down 2.8%...

In the first half of 2023, textile and apparel exports in Thai Binh totaled 644 million US dollars, a 4.1% increase over the same period.
In the first half of 2023, textile and apparel exports in Thai Binh totaled 644 million US dollars, a 4.1% increase over the same period..

Accordingly, in the export market of goods in the first six months of 2023, Asia is the largest export market of Thai Binh province, reaching 593 million USD (representing 50.7%), an increase of 7% over the same period; followed by the United States with 329 million USD (representing 28.2%), an increase of 4.1%; and Europe reached 106 million USD (representing 9.0%).

Tan De Company invests in advanced machine systems to improve productivity and product quality.
Tan De Company invests in advanced machine systems to improve productivity and product quality..

Regarding imports, the province of Thai Binh's import turnover in the first six months of 2023 was estimated to be $891 million, a decrease of 25.3% compared to the same period the previous year. This is the largest decrease in the previous five years (in 2020 it will decrease by 21.6%, in 2021 by 31.1%, and in 2022 by 40.7%). Due to the global economic downturn, the consumption of goods decreased, especially garments, from the end of November 2022 until January 2023 many businesses did not have orders to maintain production or produce in moderation; Imported petroleum products slowed down as a result of the impact on business and production. Consequently, the private sector in the first half of the year only reached USD 478 million, a decrease of 46.2%; several items with a high decrease (-) over the same period, such as fabrics of all kinds $ 284.2 million, accounting for 32% (-4.6%); raw materials for textile, garment, leather, and shoes 160.7 million USD, accounting for 18% (- 16.6%); petroleum products of all kinds USD 80.5 million, accounting for 9% (- 82.8%; seafood

Hong Bai

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