According to data released by the General Statistics Office on the morning of April 29, the export and import turnover of goods in April 2023 is estimated at USD 53.57 billion, a decrease of 7.7% over the previous month and a decrease of 18.8% compared to the same period last year.

Accumulated over the first 4 months of 2023, the total import and export turnover of goods is estimated at USD 210.79 billion, a decrease of 13.6% over the same period last year, of which exports decreased by 11.8%; imports decreased by 15.4%.

Specifically, in April 2023, export turnover is estimated at USD 27.54 billion, decreased by 7.3% compared to the previous month. In which, the domestic economic sector reached USD 7.12 billion, decreased by 8.6%; FDI sector (including crude oil) reached USD 20.42 billion, decreased by 6.9%.

Compared to the same period last year, the export turnover of goods in April decreased by 17.1%, of which the domestic economic sector decreased by 19.3%, the foreign-invested sector (including crude oil) decreased by 16.4%.

Accumulated over the first 4 months of 2023, export turnover of goods is estimated at USD 108.57 billion, a decrease of 11.8% over the same period last year. In which, the domestic economic sector reached USD 28.58 billion, decreased by 11%, accounting for 26.3% of total export turnover; FDI sector (including crude oil) reached USD 79.99 billion, decreased by 12.1%, accounting for 73.7%.

In the first 4 months of 2023, there are 20 items with export turnover of over  USD 1 billion, accounting for 83.8% of total export turnover (5 export products with over USD 5 billion, accounting for 57.4%).

Regarding the structure of export products in the first 4 months of 2023, the group of fuels and minerals is estimated at USD 1.33 billion, accounting for 1.2%; the group of processed industrial products is estimated at USD 96.1 billion, accounting for 88.5%; group of agricultural and forestry products is estimated at USD 8.56 billion, accounting for 7.9%; seafood products is estimated at USD 2.58 billion, accounting for 2.4%.

Regarding the export and import market of goods in the first 4 months of 2023, the United States is the largest export market of Vietnam with an estimated turnover of USD 28.4 billion. China is Vietnam's largest import market with an estimated turnover of USD 33.3 billion.

With the above results, the trade balance of goods in April is estimated with a trade surplus of USD 1.51 billion. In the first 4 months of 2023, the trade balance of goods is estimated with trade surplus of USD 6.35 billion (the same period last year, the trade surplus of USD 2.35 billion). In which, the domestic economic sector has a trade deficit of USD 8.04 billion; the foreign-invested sector (including crude oil) has a trade surplus of USD 14.39 billion.

Kylie Nguyen