Commodity export turnover has grown significantly

Generally in the first 4 months of the year, export turnover of goods was estimated at 122.36 billion USD, up 16.4% over the same period last year.

In the structure of export goods, the domestic economic sector reached 31.77 billion USD, up 21.6%, accounting for 26% of total export turnover; FDI sector (including crude oil) reached 90.59 billion USD, up 14.7%, accounting for 74%. There are 22 items with export turnover of over 1 billion USD, accounting for 86.9% of total export turnover. In which, there are 6 export items of over 5 billion USD, accounting for 63.1%.

Commodity exports flourished

In the opposite direction, the realized import turnover of goods in April 2022 was estimated at 32.19 billion USD, down 1.5% over the previous month and up 15.5% over the same period last year.

Generally, in the first four months of 2022, import turnover of goods is estimated at 119.83 billion USD, up 15.7% over the same period last year. There are 22 imported items worth over 1 billion USD.

Thus, the trade balance of goods in April 2022 is estimated to have a trade surplus of 1.07 billion USD. In the first 4 months of 2022, the trade balance of goods is estimated to have a trade surplus of 2.53 billion USD (the same period last year, the trade surplus is 1.5 billion USD).

Previously, exchanging information at the regular press conference of the first quarter of 2022 of the Ministry of Industry and Trade, Deputy Minister of Industry and Trade Do Thang Hai said: "The remarkable point of the export of goods is the export turnover. increase in both quantity and price in many commodity groups, especially in a number of commodity groups such as agricultural products, crude oil, gasoline, fertilizers, plastics ... ".

Notably, Vietnam's merchandise trade balance had a surplus.

After the Lunar New Year holiday, Vietnam's import and export activities had an impressive recovery. This is a positive result in the context of the current complicated situation of the Covid-19 epidemic.

In order to create impetus for import and export activities, Deputy Minister Do Thang Hai said that the Ministry of Industry and Trade has assigned functional units to continue studying market fluctuations, thereby developing scenarios, consulting promptly advise the Government in managing import and export activities.

Besides, determining that FTAs are still an important lever for export activities in the coming time, the Ministry of Industry and Trade is actively propagating about advantages so that enterprises can timely grasp and increase export turnover. password.

Mr. Tran Thanh Hai - Deputy Director of the Import-Export Department - Ministry of Industry and Trade added that in order to provide information to businesses, the Ministry of Industry and Trade has built a number of websites to bring information to both businesses. That is the website of the Trade Promotion Department, the Center for Industry and Trade Information, and a number of specialized websites of Vietnamese commercial agencies abroad.

Besides, at the end of March, the Ministry of Industry and Trade coordinated with the British Embassy to organize the launching ceremony of the Vietnam Trade Database Portal (VNTR).

VNTR portal was built by the Ministry of Industry and Trade with the support of the UK Government. This is a free online source of information, providing the latest regulations and information on trade necessary for enterprises importing and exporting into Vietnam. The VNTR portal will help fulfill Vietnam's commitment in ASEAN to improve transparency of trade policies and regulations, facilitate regional trade, and facilitate easy access by the business community. more information on Vietnam's commitments related to trade in goods, services and investment within the framework of ASEAN cooperation.

The VNTR portal is officially operated at https://vntr.moit.gov.vn and is part of the ASEAN Trade Database (https://atr.asean.org).

"This website will contribute to bringing information related to free trade agreements as well as regimes and policies related to import-export management mechanisms to traders," said Mr. Hai. .

Recently, the Ministry of Industry and Trade also announced the Vietnam Import-Export Report 2021. This is an important manual for import and export activities of enterprises.