Customs sector: revenue collection reaches 30.9% of current appropriation in the first quarter

According to the statistics, total import-export turnover achieved US$176.83 billion by the end of March 31, increasing by 14.7% over the same period in 2021. In particular, export value reached US$89.06 billion, rising by 13.5% and import value reached US$87.77 billion, an increase of 15.9% over the same period in 2021.

Professional activities at Hai Phong port area 3 Customs Branch. Photo: N.Linh

Accordingly, the total import-export turnover with tax reached US$36 billion, up 5.1% over the same period in 2021. In particular, export turnover reached US$2.17 billion, increasing by 42.8% and import turnover reached US$33.8 billion, climbing by 3.4% over the same period in 2021.

According to the assessment, in the first quarter, enterprises carried out import procedures for petroleum products, reaching 2.03 million tons, worth US$1,873 million, up 27.5% in volume and 130.5% in value leading to an increase in revenue of VND5,977 billion; imported crude oil reached 1.9 million tons, worth US$1,219 million, rising by 2.6% in volume, 49.8% in value, resulting in a growth of revenue of VND1,066 billion.

Besides that, enterprises also carried out import procedures for 6.3 million tons of coal, worth US$1,439 million, hitting 102% over the same period, leading to an increase of revenue by VND1,573 billion.

However, according to the calculation excluding the factors of the sudden increase in revenue, the amount of State budget receivable in the first quarter of the Customs sector also increased by 1% compared to the same period in 2021.

Meanwhile, the first quarter also recorded many import groups with a strong increase such as computers, electronic products and components reaching US$21.72 billion, up 31%; phones and components increased by 15.2%, reaching US$5.5 billion; plastic raw materials increased by 18.9%, all kinds of rubber increased by 33%, cotton of all kinds increased by 40%, tobacco materials increased by 138%, petroleum products increased by 42.8%, chemicals increased by 31.8%, fertilizer increased by nearly 56%.

This is easily explained by a growth in import and export of goods as enterprises increase the import of raw materials and fuels to promote the recovery of domestic production and export.

In addition, the high price of many raw materials also contributed to the surge in import and export turnover in the first quarter.