Situation of goods import-export of Vietnam in April and 4 months of 2020

In April 2020, export and import values decreased sharply compared to the previous month, of which exports reached US $ 17.58 billion, down 27.1% (equivalent to US $ 6.55 billion); import reached 18.52 billion USD, down 16.4% (equivalent to 3.63 billion USD).

By the end of April 2020, the country's total import-export turnover of goods reached US $ 158.94 billion, up 0.9% (equivalent to US $ 1.4 billion) over the same period last year. In which, export goods value is 80.86 billion USD, up by 2% and import is 78.08 billion USD, down slightly by 0.3%.

The balance of trade in goods in April 2020 had a deficit of US $ 0.94 billion. However, from the beginning of the year to the end of April, the country's trade balance was still a surplus of 2.78 billion USD.

The General Department of Customs recorded the total import-export value of foreign direct investment (FDI) enterprises in April 2020 to US $ 21.13 billion, down 27.8% over the previous month, bringing the value of Import-export prices of FDI enterprises in the first 4 months of 2020 reached US $ 98.51 billion, down 1.5%, equivalent to US $ 1.47 billion compared to the same period in 2019.

In particular, the export turnover of FDI enterprises this month reached US $ 11.01 billion, down 32.6% over the previous month, bringing the export value of this sector in 4 months / 2020 to 53.57 billion USD, down 2.5% against the same period last year.

In the opposite direction, the import value of FDI enterprises in April 2020 reached US $ 10.11 billion, down 21.8% over the previous month, bringing the import value of this sector in 4 months / 2020 to 44.94 billion USD, down 0.2% compared to 4 months / 2019.

Calculations by the General Department of Customs show that the trade balance of goods of FDI enterprises in April 2020 had a surplus of US $ 0.9 billion, bringing the trade balance in the 4 months from the beginning of 2020. to a surplus of $ 8.63 billion.

Import and export market

In the 4 months of 2020, Vietnam's trade in goods with the Americas and Oceania achieved positive growth, with growth of 10.3% (worth 30.94 million USD) and 8, respectively. , 2% (worth 3.18 million USD).

By the end of April 2020, Vietnam's trade with Asian markets still accounted for the highest proportion (65.2%) of the country's total import-export turnover. Vietnam's import and export value of the continent reached US $ 103.61 billion, down slightly by 0.4% over the same period in 2019, of which the export value was US $ 41.03 billion, up 1, 5% and the import value of 62.58 billion USD, down 1.7%.

Import-export turnover between Vietnam and other continents, respectively: Europe: 19.44 billion USD, down 5.8% and Africa: 1.77 billion USD, down 4.7% compared to 4 months / 2019.

Exports goods

Commodity exports in April 2020 reached US $ 17.58 billion, down 27.1% in relative terms and down US $ 6.55 billion in absolute numbers compared to the previous month. During the month, there were only 4 main groups of exports increased compared to March, including tea, fertilizers of all kinds, raw materials and gemstones, precious metals and products. The remaining groups dropped sharply, in which the strongest dropped: phones and accessories dropped by 2.81 billion USD, down by 52.9%; textiles and garments decreased by US $ 729 million, equivalent to a decrease of 31.2%; computers, electronic products and components fell 652 million USD, equivalent to a decrease of 17.7%; machinery, equipment, tools and spare parts decreased by 314 million USD, equivalent to a decrease of 16% ... compared to the previous month.

Total export value in 4 months / 2020 increased by 2%, equivalent to an increase of US $ 1.62 billion over the same period last year. In which, the items with increased fluctuations were: computers, electronic products and components increased by 2.51 billion USD, equivalent to an increase of 26%; machinery, equipment, tools and spare parts increased by US $ 1.46 billion, equivalent to an increase of 27.4%; toys, sports equipment and parts increased by 308 million USD, equivalent to an increase of 76.9%, wires and cables increased by 202 million USD, equivalent to an increase of 38.9%; wood and wooden products increased by 159 million USD, corresponding to an increase of 5.1% ...

Imported goods

Commodity imports in April 2020 were US $ 18.52 billion, down sharply to 16.4% in relative terms and down to US $ 3.63 billion in absolute terms compared to the previous month. In April, up to 41/53 major import groups decreased in value over the previous month. In which, the strongest drop was for computers, electronic products & components dropped by 1.23 billion USD; mobile phones and accessories with 402 million USD reduction; textile and footwear materials and accessories decreased by US $ 359 million; crude oil decreased by 301 million USD; chemicals & chemical products decreased by 281 million USD; plastic materials & plastic products decreased by 252 million USD; CBU cars & spare parts of 205 million USD.

In the first 4 months of 2020, Vietnam's total import value of goods reached US $ 78.08 billion, down 0.3% compared to the same period in 2019. Some items have fluctuations decreased compared to the same period last year. ago: all kinds of petrol and oil decreased by 800 million USD; complete automobiles of all types, reduced by 430 million USD; iron and steel of all kinds decreased by 405 million USD; machinery, equipment, tools and spare parts decreased by 290 million USD ... Besides, import of some commodity groups still increased such as computers, electronic products & components, up 1.81 billion USD; crude oil increased by 440 million USD; mobile phones and accessories increased by 256 million USD ... compared to the same period last year.

Phaata (Source: Vietnam Customs)