The report of the Ministry of Industry and Trade shows that, in the past 7 months, export turnover of goods was estimated at 194.73 billion USD, down 10.6% over the same period last year.

In which, the domestic “economic” sector reached 51.5 billion USD, down more than 10%, accounting for more than 26% of total export turnover; FDI sector (including crude oil) reached 143.23 billion USD, down by nearly 11%, accounting for nearly 74%.

Regarding the structure of export commodity groups in the past 7 months, including: fuel and mineral products, estimated at 2.4 billion USD; the group of processed industrial products is estimated at 164.8 billion USD; group of agricultural, forestry and fishery products is estimated at 18.17 billion USD.

Compared to the same period last year, export turnover of most commodity groups decreased from 10 to more than 30%, including: processing industry; fuels and minerals; phones and accessories; other machinery, equipment, tools and spare parts; textiles; footwear; wood and wood products; Seafood; rubber…

In contrast, the export of agricultural products saw positive developments with the export turnover of vegetables and fruits increasing by more than 68%, estimated at 3.23 billion USD; rice increased by nearly 30%, estimated at 2.58 billion USD; coffee increased by 6%.

In which, there are 30 items with export turnover of over 1 billion USD, accounting for more than 91% of total export turnover (with 5 export items of over 10 billion USD, accounting for more than 57%).

In July, commodity export activities continued to have positive signs when increasing by 0.8% compared to the previous month, estimated at 29.68 billion USD, the second highest export turnover since July. 11/2022 to present (only lower than the export turnover of March 2023, reaching 29.71 billion USD).

Notably, the group of agricultural and aquatic products in July 2023 slowed down compared to the previous month (down 0.9%), but still increased by 13.5% over the same period last year. Compared to the same period last year, the export turnover of a number of items still achieved high growth such as: vegetables and fruits increased by 122.5%, cashew nuts increased by 15%, coffee increased by 37%, rice increased by more than 14%.. .

Regarding the export market of goods since the beginning of the year, the US is still the largest export market of Vietnam with an estimated turnover of 52.4 billion USD, down nearly 22% over the same period last year. EU market is estimated at 25 billion USD, down by nearly 10%; ASEAN is estimated at 18.6 billion USD, down 9.6%; Korea decreased by nearly 9%, estimated at 12.9 billion USD; Japan is estimated at 13.03 billion USD, down 3.5%. Particularly, the Chinese market is the second largest export market of our country with an estimated turnover of 31.57 billion USD, up 4.9% over the same period last year.

Regarding the import of goods, the decrease in the world’s demand for goods also affects the import turnover of raw materials for the production of export orders of our country. However, thanks to the positive signals in industrial production and exports in July, the import turnover of goods in July 2023 was estimated at 27.53 billion USD, up 4.4% over the previous month. In which, the domestic economic sector reached 10.73 billion USD, up 14.3%; FDI sector reached 16.8 billion USD, down 1%.

In the first seven months of 2023, the import turnover of goods was estimated at 179.5 billion USD, down more than 17% compared to the same period last year, of which the domestic economic sector reached 64.1 billion USD, down more than 16 %; FDI sector reached 115.4 billion USD, down more than 17%.

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