Export turnover is estimated to achieve $157 billion

The above estimate was made by the General Department of Vietnam Customs based on the main features of the country's import and export activities in April and the first four months of 2019.

Turnover of 5 key export commodity groups in the first 4 months (2019 and 2018), calculation unit is "billion USD". Sketched by T.Bình.

By the end of April, total import-export turnover of the whole country was estimated at $156.81 billion, up by 8%, with exports at $78.76 billion, increased by 5.8%; imports $78.05 billion, growing by 10.4%.

Vietnam's trade balance in April was estimated at a deficit of $700 million. However, from the beginning of the year to the end of April, Vietnam has a surplus of $711 million.

According to the estimation of General Department of Vietnam Customs, in April, most key export products tend to decrease.

Specifically, telephones and accessories of all kinds are estimated at $3.9 billion, down by 27.6% compared to March. Estimates for the first four months of the year reached $16.03 billion, decreased by 0.2% over the same period in 2018.

Textiles and garments were estimated at $2.3 billion, down by 9.2% from the previous month. It has raised the value in 4 months up to $9.43 billion, increased by 9.8% over the same period last year.

Computers, electronic products and components were estimated at $2.5 billion, reduced by 11.5% from the previous month, bringing the total value of four months up to $9.56 billion, increased by 12.6% compared to in the same period last year.

Among key commodity groups, only footwear had remarkable growth with value estimated at $1.4 billion in April, increased by 6.9% from the previous month. It has raised the total value from the beginning of the year up to $5.33 billion, increased by 13.4% over the same period last year.

Similar to exports, Customs authorities also estimated that many key import commodities groups have dropped in April.

Computers, electronic products and components were estimated at $4 billion, down by 9.5% compared to March and bringing the total turnover from the beginning of the year up to nearly $15.8 billion, increasing by 20% compared to in the same period last year.

Machinery, equipment, tools and spare parts were estimated at $3 billion, decreased by 1.4% from the previous month and the total value in four months was estimated at $11.57 billion, increased by 15.2% over the same period in 2018.

Telephone types and components were estimated at $850 million, down 11.6% from the previous month, bringing the total turnover from the beginning of the year to reach $3.64 billion, reduced by 15.5% over the same period last year.

Among key import commodity groups, the fabric still maintained a multi-increase rate with the estimated figure of $1.2 billion in April, increased by 10.9% over the previous month and raising the total turnover from the beginning of the year to $4.07 billion, increased by 8% compared to the same period of 2018.