Export turnover reached nearly $290 billion

Proportion of 4 major commodity groups in the total export turnover of the whole country by the end of July. Sketched by T.Bình

According to the General Department of Vietnam Customs on August 12, in July, the total export turnover of the whole country reached $22.979 billion, up by 7.2 percent over the last month.

Meanwhile, import turnover of July hit $22,936 billion, increasing by 17.7 percent compared to June of 2019. Hence, the country reached a surplus of $43 million.

From the beginning of the year to the end of July, the scale of import- export turnover of the whole country reached nearly $290 billion.

Total export turnover reached approximately $145.5 billion, increasing by 7.8 percent compared to the same period of 2018. In the opposite direction, total import turnover reached $143.8 billion.

In the first seven months of the year, Vietnam enjoyed a trade surplus of over $1.7 billion.

In July, all three main export product groups were phones and components; computers, electronic products and components; textile and garment reached a turnover of more than $3 billion.

Specifically, phones and components reached $3,993 billion, increasing by 5.6 percent over the previous month, thereby increasing the turnover from the beginning of the year to the end of July to nearly $27.5 billion, increasing by 3.8 percent compared to the same period last year.

Textile and garment reached nearly $3.3 billion, increasing by 14.5 percent compared to June 2019, and the cumulative figure in the first 7 months was $18.4 billion, increasing by 10.8 percent.

The group of computers, electronic products and components reached nearly $3.04 billion, which was the lowest growth group compared to June (increasing by 2.3 percent) in the three main product groups. However, in the end of July, this group of products still ranked second in turnover with the figure of nearly $18.6 billion, increasing by 14.5 percent compared to the first seven months of 2018.

Besides the above three groups, footwear also entered the export group of "tens of billion USD" with a turnover of nearly $10.4 billion, up by 12.9 percent over the same period last year.

With total value of $74.9 billion, the four main commodity groups accounted for over 51 percent of total export turnover of the country.

In the field of imports, the only two groups with the value of "tens of billion USD" were computers, electronic products and components and groups of machinery, equipment, tools and spare parts.

In particular, computers, electronic products and components reached $28.6 billion, increasing by 20.7 percent; machinery, equipment, tools and spare parts reached $20.82 billion, increasing by 12.5 percent.