Reaching more than US$115 billion, the scale of import and export decreased compared to the same period in 2019

	Imported raw material of textiles and footwear still not recovered
	FDI enterprises’ import-export turnover hits nearly US$62 billion
	Nearly 4,600 cars imported in the first half of March

Correlation between import and export turnover in the first quarter of 2019 and 2020, the unit “US$ billion ". Chart: T. Binh

Export increased slightly

According to information from the General Department of Customs on March 30, this month, Vietnam's total import-export value was estimated at US$39 billion, down 1.1 % from the previous month. In which, total export value is about $20 billion, down by 4.1 % and total import value is about $19 billion, up by 2.3 %.

In the first three months of the year, import-export turnover is estimated at $115.34 billion, down 0.69 %, of which export is estimated at $59.07 billion, up by 0.5 % and import is estimated accounting for $56.26 billion, down 1.9 %.

Vietnam's trade balance of goods in March was estimated to have a surplus of $1 billion. Thereby, raising the surplus of Vietnam to the end of March reached $2.8 billion.

Exports with noticeable fluctuations in March were crude oil, estimated at $141 million, down 20.8 % over the previous month, thereby raising output and turnover in the first three months of the year to 1.2 million tonnes, valued at $532 million, up 11.6 % in volume but down 8 % in value from the same period last year.

Wood and wooden products were estimated at $900 million, up 20.6 % over the previous month, and total export turnover in the first three months was estimated at $2.47 billion, up 9.5 %.

The export value of footwear is estimated at $1.1 billion, down 19.1 % over the previous month, and the total export turnover in three months reached $3.85 billion, down 1.9 %.

Textile and garment is estimated at $1.8 billion, down 19.4 % over the previous month and estimated at $6.49 billion in the first three months of the year, down 8.9 % over the same period last year. This is the third largest export commodity group in the country.

Fishery products were estimated at $600 million, up 19.7 % over the previous month, but the total turnover in the first three months was only $1.58 billion, down to 11.2 %.

Phones and accessories were estimated at $4.8 billion, down 1.4 % over the previous month and estimated at USD 12.36 billion in the first quarter, up 2%, being the largest export category. Computers, electronic products and components are estimated at $2.8 billion, up 2.1 % over the previous month.

Thus, the total export turnover of this commodity group in the first quarter was estimated at nearly $8.19 billion, up 16.17 %, being the second largest export group and there is the most positive increase among the three commodity groups that are main export of Vietnam.

Export declines

As mentioned above, the total import turnover in the first quarter was estimated at $56.26 billion, down 1.9 %.

The main import groups in March and the first three months of the year include: Gasoline of all kinds was estimated at 500 thousand tonnes, down 16.6 % over the previous month and worth $234 million, down 26.1 % compared to the previous month. Thus, the amount of imported gasoline in the first three months was estimated at 1.85 million tonnes, worth an estimated $1,018 billion, down 10.8 % in volume and down 17.6 % in value over the same period of last year.

Computers, electronic products and components were estimated at $4.5 billion, up 1 % over the previous month and accumulated in the first quarter was $13.18 billion, up 11.8%. This is also the largest import group of Vietnam.

Machinery, equipment, tools and spare parts were estimated at $2.6 billion, up 7.9 % from the previous month and $7.8 billion in the first quarter, down 8.6 % over the same period in 2019. .

-Mobile phones and accessories were estimated at $1.1 billion, up 17 % over the previous month and estimated that the first quarter reached $3.17 billion, up 14.1%.

Fabrics of all kinds are estimated at $800 million, up 12.8 % over the previous month and reach $2.36 billion in the first quarter, down 17.7 %.

Iron and steel of all kinds were estimated at 1.2 million tonnes, up 17 % and valued at $713 million, up 16.2 % over the previous month. But for the whole first quarter, it was only 3.17 million tonnes, down 5.8 % and valued at $1.89 billion, down 16 %.

Material plastic is estimated at 530,000 tonnes, down 10.5 % from the previous month and worth $716 million, down 3.3%. By the end of the first quarter, it reached 1.53 million tonnes, worth $2.01 billion, up 4.7 % in volume but down 6.1% in value.

Textile, garment, leather and footwear materials were estimated to reach $400 million, up 8.3 % over the previous month, but for the whole first quarter, it was only $1.13 billion, down 14.3 %.

Another noteworthy item is the whole-car automobile in March estimated at 8,000 cars, $163 million, down 22 % in volume and 26.6 % in value compared to the previous month.

Thus, in the first quarter, all kinds of imported cars reached only 23,000 units, worth $497 million, down 43.1 % in volume and down 43.3 % in value over the same period last year.