Exports in March athighest level since the beginning of the year, collect nearly US$ 23 billion

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This brought the total export turnover of whole country to 58.86 billion USD, up 5.3% compared to the same period in 2018.

In March, exports took up38.7% oftotal export turnover in the first quarter. The month saw 8.9 billion USD more of exports than February and 700 million USD more than January..

Ten commodity groups hadturnover from 1 billion USD, the largest groupwastelephone and spare parts at12.133 billion USD turnover.

In many import products, turnover in March reached 21.153 billion USD. The turnover accumulated 57.449 billion USD from the beginning of the year to the end of March, up 8% compared to the first quarter.

By the end of the first quarter, there were 12 groups of imports with turnover of 1 billion USD or more, in which, the largest groupwascomputers, electronic products and components with nearly 11.8 billion USD, up13.1% over the same period last year.

Therefore, in March, export-led growth of the country was more than USD 1.6 billion andinthe first quarter, Vietnam’s trade surplushitUSD 1.4 billion.

Import and export developments based on thedata of enterprises and customs offices in March and the threemonths of the beginning of the yearhave noteworthy changes compared to expectation of experts and management agencies.

Specifically, a few days ago, agencies estimated that in the first quarter, export turnover reached58.51 billion USD, upby 4.7% and imports reached nearly 58 billion USD, upby 8.9%.

In fact, the growth rate of export turnover wasan extra0.6 percentage points (reaching 5.3%), while the growth rate of import turnover was 0.9 percentage points lower (reaching 8%).

Therefore, the trade balance also achieved a higher level than forecast (forecasted in the first quarter of export-led growth was more than 500 million USD).

With business enjoying stable operation after the long Tet holiday, export activities are expected to continue growing and the export-led growth is possible to be maintained continuously in the coming months.