Customs revenue reaches over VND84,000 billion

	Customs sector: 2020 Customs revenue exceeds target of VND 317 trillion
	Customs revenue falls 14.66%
	Customs revenue continues to decline due to Covid-19 impacts

The Customs revenuehas risensignificantly thanks to the increase in import and export activities. Photo: T.B

The Customs revenue from 1 to 28 reached VND28,590 billion. From the beginning of the year to March 28, the Customs revenue was VND84,233 billion, reaching 26.7% of the estimate and 25.4% of the desired target, and a year-on-year increase of 13.59%, according to press release from the General Department of Vietnam Customs on March 19.

Trade surplus is over VND2 billion

In March, the total import and export value was estimated at US$55.5 billion, a month-on-month increase of 35.9%. Export value was estimated at US$28 billion, up 38.6%, and import value was estimated up 33.1%.

The total import-export turnover in the first quarter was estimated at US$151.35 billion, up 23% compared to the same period in 2020.

Export turnover was estimated at US$76.74 billion, up 21.1%, and import turnover was estimated at US$74.61 billion, up 25.1%.

Vietnam’s merchandise trade balance in March was projected to have a trade surplus of US$500 million. Thereby, raising the trade surplus of Vietnam in the first quarter to US$2.14 billion.

The export turnover reported by the General Department of Customs has seen double-digit growth.

Export turnover of wood and wooden products were estimated at US$1.43 billion in March, a month-on-month increase of 55.6%, reaching US$3.69 billion in the first quarter, a year-on-year increase of 41.5%.

Export turnover of footwear was estimated at US$1.6 billion, up 37.3% compared to the previous month, reaching US$4.73 billion, up 13.5%.

Export turnover of fishery products was estimated at 74.5% compared to the previous month and US$1.68 billion in the first quarter, a year-on-year increase of 3.3%.

Export turnover of phones and accessories was estimated at US$4.3 billion, up 16.9% compared to the previous year. By the end of the first quarter, the export turnover of the commodity group was estimated at US$14.07 billion, a year-on-year increase of 9.3%.

Export turnover of computers, electronic products and components was estimated at US$4.4 billion, up 30.5% compared to the previous month and reaching over US$11.6 billion, a year-on-year increase of 28.05% in the first quarter.

The export turnover of textiles and garments was estimated at US$2.7 billion, up 48.3% over the previous month. However, it was only estimated at US$7.18 billion, up 1.1% over the same period last year in the first quarter.

Import turnover of two imported goods groups reaches tens of billions USD

Import turnover of two commodity groups was estimated at over tens of billions of USD.

Import turnover of computers, electronic products and components was estimated at US$5.9 billion, up 19.7% over the previous month. The import turnover of this commodity group was estimated at US$16.48 billion, a year-on-year increase of 19.8% in the first quarter.

Import turnover of machinery, equipment, tools and spare parts was estimated at US$3.85 billion, up 32.3% compared to the previous month, and US$10.66 billion, up 28.8% in the first quarter.

Import turnover of phones and accessories was estimated at US$1.32 billion, up 6.5% compared to the previous month and US$4.85 billion, up 48.1% in the first quarter.

The import volume of CBU cars in March was estimated at 17,000 cars, import turnover was estimated at US$348 million, up 69.3% in volume and 66.3% in value compared to the previous month. The import volume in the first quarter was estimated at 35,000 cars, the import value was estimated at US$771 million, up 31.1% in volume and 35% in value compared to the same period last year.

Import turnover of fabrics in March was estimated at US$1 billion, up 27.7% compared to the previous month, the import turnover in the first quarter was estimated at US$2.89 billion, up 9.2%.

Import turnover of textile, garment and leather was estimated at US$560 million, a month-on-month increase of 50.2%, and the import turnover in the first quarter was estimated at US$1.44 billion, up 13%.

Import volume of Iron and steel was estimated at 1.35 million tons, up 31.6%, and the import value was estimated at US$1 billion, up 38.4% compared to the previous month. The import volume of those in the first quarter was estimated at 3.59 million tons, up 8.6%, and the import turnover in the first quarter was estimated at US$2.56 billion, up 27.8% compared to the same period last year.

The import volume of common metal was estimated at 215,000 tons, up 48.1% and the import value was estimated at US$885 million, up 41.2% over the previous month. The import volume of this commodity group in the first quarterwas estimated at 535,000 tons, up 20% and the total import turnover was estimated at US$2.22 billion, up 48.1% over the same period last year.