What are the bright spots of import and export activities ?

According to the Ministry of Industry and Trade , with positive and synchronous measures to remove difficulties to support domestic production, promote trade , expand domestic and export markets, export activities have been strongly implemented. Imports for 4 consecutive months (May, June, July, August) maintained growth. And although our country's export turnover of goods in September 2023 is estimated to decrease by 4.1% compared to the previous month, it will increase by 4.6% compared to the same period in 2022. Thereby, bringing the export turnover of The whole country in the third quarter of 2023 will reach 94.6 billion USD, an increase of 10.3% compared to the second quarter of 2023.

Rice export is a bright spot in the first months of the year

After 4 consecutive months of growth, merchandise export turnover in September 2023 is estimated to reach 31.41 billion USD.

Overall, for the first 9 months of 2023, merchandise export turnover is estimated to reach 259.67 billion USD; There are 31 items with export turnover of over 1 billion USD, accounting for 92.2% of total export turnover (there are 6 export items with export turnover of over 10 billion USD, accounting for 62.2%).

Regarding the structure of export goods, in September 2023, export turnover of most main products achieved positive growth compared to the same period last year due to the recovery on the demand side and a relatively low base level. of the last months of 2022. In particular, exports of agricultural and aquatic products recorded an increase of 31.1% over the same period, estimated at 3.01 billion USD. The most prominent in this group is the export of fruits and vegetables, which increased by 160% over the same period, estimated to reach 650 million USD, of which the bright spot belongs to rice products, which increased by 80%, estimated to reach 495 million USD; pepper increased by 22.7%; Cashew nuts increased by 39.6%...

The export turnover of the processed industrial goods group also increased by 1.8% over the same period last year, estimated at 26.65 billion USD. In particular, computer products, electronic products and components; Phones of all types and accessories; machinery, equipment, tools, spare parts; textiles; wood and wood products... reached an increase of 2 - 10%.

Only the fuel and mineral products group recorded a decrease in export turnover, down 17.1% over the same period last year.

Overall, in the past 9 months, agricultural products have made impressive contributions to export activities, especially agricultural product groups such as rice, vegetables, coffee, cashew nuts... This is also the group The only product with positive growth.

Regarding rice products, sharing with reporters from Industry and Trade Newspaper, Mr. Nguyen Duy Thuan - General Director of Loc Troi Group Joint Stock Company said that after a period of implementing strong trade promotion solutions, people Foreign consumers have accepted Loc Troi's rice products, notably European consumers.

“French consumers responded that Vietnamese rice is very fragrant and delicious. In particular, Vietnamese rice has become very competitive after being reduced by 200 Euro/ton thanks to the EVFTA Agreement. The importer also suggested that, after testing with consumers, exporters and businesses, Vietnamese rice must be in the highest segment of the market" - Mr. Nguyen Duy Thuan said.

On September 2, 2022, Vietnam Rice appeared in European supermarkets with a retail price of 4,000 Euro/ton. This is the most expensive price on the market and up to now, Loc Troi still maintains this price.

"Roll roll" of the largest export markets

Regarding the export market for goods in the first 9 months of 2023, according to the Ministry of Industry and Trade, in general, all industries face difficulties in export markets due to a decrease in total demand in the world, especially for non-essential consumer goods. weak. Therefore, our country's export turnover in the first 9 months of 2023 to most major markets will decrease, however the level of impact on exports of each industry is different.

In 9 months, the US is still Vietnam's largest export market with an estimated turnover of 70.9 billion USD, down 16.8% over the same period in 2022. China is Vietnam's second largest export market. our country with an estimated turnover of 42.2 billion USD, an increase of 2.1%.

Notably, exports to West Asian markets increased by 4%, estimated to reach 5.9 billion USD and the African market increased by 1.2%, especially the North African market increased by 9.4%. . shows efforts in diversifying markets, focusing on exploiting new markets with great potential of Vietnamese enterprises.

The Ministry of Industry and Trade commented that, in general, the bright spots in our country's export activities in the first 9 months of 2023 are: The rate of decline in exports of enterprises with 100% domestic capital (down 5.7%) lower than foreign-invested enterprises (down 9.1%). Besides, in 9 months, there were 32 products with export turnover of over 1 billion USD, equal to the same period last year.

Many agricultural product groups, rice and fruit, took advantage of market opening opportunities and rising prices to boost exports, so the growth rate was the highest among the product groups (up 3.1%).

Enterprises have done well in diversifying markets, while exports to Vietnam's major markets such as the US and EU have decreased, but exports to African countries, Eastern Europe, Northern Europe, and West Asia have decreased. increase; Implementing well solutions for exporting to countries sharing borders, basic goods are not congested, even during peak seasons, contributing to increasing export turnover to the Chinese market. This is also the only export market among Vietnam's major export markets to achieve positive growth (up 2.1%), while other major markets all decreased.

Regarding import of goods, import turnover of goods in September 2023 is estimated at 29.12 billion USD, down 0.7% compared to the previous month. In the first 9 months of 2023, import turnover is estimated to reach 237.99 billion USD, down 13.8% over the same period last year.

One of the positive points in September was that the import turnover of raw materials for export production continued to increase.

Because imports decreased more sharply than exports, Vietnam's trade balance in September continued to have a trade surplus of about 2.29 billion USD, bringing the total trade surplus in the first 9 months of 2023 to 21.68 billion USD (same period). Last year's trade surplus was 6.9 billion USD).

Efforts to promote import and export of goods

In the coming time, to increase import-export turnover, the Ministry of Industry and Trade will promote negotiations and sign new agreements, commitments, and trade links, and sign FTAs and trade agreements with other countries. Other partners have a lot of potential (UAE, MERCOSUR...) to diversify markets, products, and supply chains. Support businesses to take advantage of commitments in FTA Agreements, especially the CPTPP, EVFTA, UKVFTA Agreements to promote exports, through propaganda on rules of origin and issuance of Certificates of Origin , opportunities and ways to take advantage of opportunities from Agreements.

The Ministry of Industry and Trade will also coordinate with the Ministry of Agriculture and Rural Development to negotiate with China to open more export markets for other Vietnamese fruit and vegetable products such as green-skinned grapefruit, fresh coconuts, avocados, pineapples, Star apple, lemon, melon... At the same time, improve efficiency and regulate the speed of customs clearance of import and export goods at the border gate area between Vietnam and China, especially for goods. Agricultural and aquatic products are seasonal; Move quickly and strongly to official export. Strengthen early warning of trade defense lawsuits; guide businesses on how to respond to lawsuits; Timely inform businesses and associations about new market information, needs and regulations.