Export turnover fell over US 3 billion in the first half of April

The import and export activities do not see prosperity when the turnover plunges compared with the same period in 2022.

According to the latest preliminary data of the General Department of Vietnam Customs, the total export turnover of Vietnam’s goods in the first half of April fell by 19.2% to US$ 13.24 billion compared with the second half of March.

The drop in export turnover results from the decline of some key commodity groups such as computers, electronic products and components, down by US$672 million, equivalent to a decrease of 25.2%; phones and components down US$565 million, equivalent to 22.9%; other machinery, equipment, tools and spare parts down US$ 434 million, equivalent to a decrease of 21.7%; iron and steel down US$230 million, equivalent to 47.7%; textiles and garments down US$211 million, equivalent to 15.2%.

As of April 15, Vietnam’s total export turnover fell by 12.1% or US$ 12.73 billion to US$ 92.5 billion year-on-year. The export turnover of some commodity groups dropped by billions of dollars, such as phones and components down US$2.71 billion or 15%; textiles and garments down US$1.84 billion or 18.1%; wood and wooden products down US$1.45 billion or 30.3%; and footwear down US$1.05 billion or 16.8%.

The export turnover of goods of foreign direct investment (FDI) enterprises in the first half of April went down 20.5% or US$ 2.47 billion to US$9.56 billion compared with the second half of March.

As of April 15, the total export turnover of these enterprises decreased by 11% or US$ 8.48 billion to US$ 68.6 billion year-on-year, accounting for 74.2% of the country’s total export turnover.