Import and export of FDI enterprises decreased by more than 20 billion USD

FDI enterprises account for over 99% of the export turnover of phones and components of Vietnam.

According to the latest preliminary statistics of the General Department of Customs, the country’s total import-export turnover from the beginning of the year to the end of April 15 reached 179.74 billion USD, down 14.6%, corresponding to a decrease of 30 0.7 billion USD over the same period in 2022.

Notably, the import-export turnover of enterprises with foreign direct investment (FDI) only reached 125.56 billion USD, down 14.2% (equivalent to 20.7 billion USD).

Thus, FDI enterprises accounted for more than 67.4% of the decrease in turnover of the whole country (20.7/30.7 billion USD).

Regarding exports, in the first halfof April (April 1-15), the turnover of FDI enterprises reached US$ 9.56 billion, down 20.5%, corresponding to a decrease of USD 2.47 billion compared to the second period of March 2023. By the end of April 15, 2023, it reached 68.6 billion USD, down 11%, corresponding to 8.48 billion USD down over the same period last year, accounting for 74.2% of the total export turnover of the country.

Regarding imports, in the first quarter of April, FDI enterprises spent 8.28 billion USD on importing goods, down 8.6% (equivalent to 779 million USD) compared to the second period in March 2023. By the end of April 15, 2023, the total turnover reached 56.96 billion USD, down 17.7% (equivalent to 12.26 billion USD) compared to the same period in 2022, accounting for 65.3% of the total import turnover of the country.

As the above data shows, FDI enterprises make a very important contribution to Vietnam’s import and export results.

In particular, these enterprises have great advantages in many key product groups such as phones and components; computers, electronic products and components; wood and wood products; footwear; textiles, etc.