Import and export turnover reaches US$375 billion
Import-export activities had many optimistic signals in July and the first seven months of the year. Photo: T.Binh |
According to preliminary data of the General Department of Vietnam Customs, in July, the total import-export turnover of Vietnam reached nearly US$57 billion, up 3.9% over the previous month. In which, exports reached US$27.9 billion, up 2.4%, and imports reached US$29.1 billion, up 5.3%.
The above growth is remarkable in the context of the outbreak of the Covid-19 pandemic across the country, especially in major industrial and export centers such as Ho Chi Minh City, Dong Nai, and Binh Duong.
Thus, by the end of July, Vietnam's total import-export turnover of goods reached US$375 billion, a sharp increase of 30.9% compared to the same period in 2020. Of which, exports reached US$186.4 billion, an increase of 26.2%, and imports reached US$188.8 billion, up 35.8%.
Vietnam's merchandise trade balance in July had a deficit of US$1.25 billion. Thereby, raising the deficit in the first seven months of the year to US$2.4 billion, in contrast to the trade surplus of US$8.7 billion of the same period last year.
Notably, import-export turnover with tax reached US$79.3 billion, up 32.8% over the same period in 2020. Typically, iron and steel and all kinds of metals increased by 48.79%; CBU cars of all kinds increased by 111%; machinery, equipment, tools and spare parts of all kinds increased by 28.44%.
Besides, the price of crude oil increased to US$65/barrel, leading to a 19% increase in the value of imported petrol and oil of all kinds.
As a result, the State budget revenue of the Customs sector in the first seven months of the year reached VND230,538 billion, equaling 73.19% of the assigned estimate, 69.6% of the target, an increase of 31.54% compared to the previous year.
Related News
Lang Son: Import-export turnover grow 71%
09:53 | 03/04/2023 Customs
Import and export turnover in major markets plunges
13:45 | 31/03/2023 Import-Export
Vietnam enjoys trade surplus of over 2.8 billion USD in two months
16:28 | 28/02/2023 Import-Export
Import-export turnover of goods through Tan Thanh border gate grow sharply
13:52 | 02/03/2023 Customs
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export