According to the General Department of Customs, in the second half of September (September 16-30), import-export turnover increased significantly compared to the first half of this month, according to the latest preliminary statistics just announced by the General Department of Customs.

Specifically, in the second half of September, the country's total import-export turnover reached 30.85 billion USD, an increase of 9.9% (equivalent to an increase of 2.78 billion USD) compared to the results in the first half of September/ 2023.

Of which, exports reached 16.3 billion USD, an increase of 14.1% (equivalent to an increase of 2.01 billion USD) compared to the first period of September 2023. Exports increased in some key product groups such as: Computers, electronic products and components; steels; textiles; Footwear; Phones of all types and accessories; Transport vehicles and spare parts...

By the end of September, Vietnam's total export turnover reached 258.97 billion USD, down 8.5%, equivalent to a decrease of 24.02 billion USD compared to the same period in 2022.

Vegetables and fruits are products with good export turnover

Achieving the best growth among export product groups is fruits and vegetables. In September, fruit and vegetable export turnover reached 667 million USD, up 43.7% over the previous month. Compared to the same period in 2022, the increase is even more impressive with 167% (equivalent to an increase in turnover of nearly 420 million USD).

By the end of September, fruit and vegetable export turnover reached 4.2 billion USD, up 72.5% over the same period last year.

Among Vietnam's "billion dollar" export products, fruits and vegetables have the most impressive growth. The growth of fruit and vegetable products has a major contribution from the recovery in the Chinese market.

In the second period of September, imports reached 14.55 billion USD, an increase of 5.6% (equivalent to an increase of 768 million USD) compared to the results in the first half of September 2023. Notable product groups with notable increases include: Phones of all types and components; machinery, equipment, tools and spare parts; chemistry…

The results achieved in the second half of September brought the country's total import-export turnover in the past 9 months to 496.3 billion USD. However, this number still decreased by 11.2% (equivalent to a decrease of 62.78 billion USD) compared to the same period last year.

In the second period of September, the trade balance of goods had a surplus of 1.76 billion USD and for the whole 9 months the surplus was 21.64 billion USD, much larger than the 6.9 billion USD surplus of the same period. last year.

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 in recent times have gradually shown positive signs.

The Ministry of Industry and Trade analyzed that the cause of the decline in import and export in recent times is due to large economies that are Vietnam's export partners such as the United States and the EU reducing spending on purchasing common products. and luxury causes order volume to decline.

In addition, China's reopening also creates a lot of competitive pressure on Vietnamese exports of the same type. Meanwhile, our businesses are still facing many difficulties due to reduced foreign orders, the domestic market's purchasing power is not large, input costs are still high, and it is not easy to access credit...

Therefore, in the coming time, the Ministry of Industry and Trade is making efforts to promote negotiations and sign new agreements, commitments, and trade links, including completing and implementing the FTA Agreement with Israel, signing Join FTAs and Trade Agreements with other potential partners (UAE, MERCOSUR...) to diversify markets, products, and supply chains.

In addition, support businesses to take advantage of commitments in FTA Agreements, especially the Agreements: CPTPP, EVFTA, UKVFTA to promote exports, through propaganda on rules of origin and licensing. Certificate of origin, opportunities and ways to take advantage of opportunities from agreements.

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 coconut, avocado, pineapple, star apple, lemon , melon…

Kim Cuong