Export-import turnover up 13 percent in first two months
Vietnam’s export-import turnover hit an estimated over 108.5 billion USD in the first two months of 2022, up 13 percent compared to the same period last year, the General Statistics Office (GSO) reported on February 28.
Hanoi (VNA) – Vietnam’s export-import turnover hit an estimated over 108.5 billion USD inthe first two months of 2022, up 13 percent compared to the same period lastyear, the General Statistics Office (GSO) reported on February 28.
Of the figure, the export revenue posted an increase of 10.2 percent to 53.79 billionUSD.
In Jan-February, there were nine export commodities recording turnover of at least 1 billion USD, accounting for 71.6 percent of the total export value.
The US remained thebiggest importer of Vietnamese commodities in the last two months, with anestimated value of 18.3 billion USD.
Meanwhile, the country’s import turnover was up 15.9 percent duringthis period, with 13 types of goods valued at over 1 billion USD. Vietnam mainlyimported goods from China, the Republic of Korea (RoK) and ASEAN countries.
As a result, the country experienced a trade deficit of 937 million USDin the period.
In February alone, the country's foreign trade was valued at 48.2 billion USD, down 20 percent from the previous month but up 17.6 percent year on year. Export earnings were estimated at 22.95 billion USD, down 25.6 percent month on month and up 13.2 percent year on year. Imports were valued at 25.28 billion USD, down 14.2 percent from January, resulted in a trade deficit of 2.34 billion USD./.
Vietnam’s export-import turnover hit an estimated 3.05 billion USD during the Lunar New Year (Tet) holiday which lasted from January 29 – February 6, a hike of 83 percent compared to the same holiday last year.
The export of phones, which contribute annually over 50 billion USD in the last three years, is expected to help Vietnam expand its total export turnover by 6-8 percent in 2022.
Export turnover posted by the Mekong Delta province of Kien Giang in the first two months of 2022 hit 127 million USD, equal to 16.3 percent of the annual target and up over 55 percent year-on-year, according to the provincial Department of Industry and Trade.
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Producing footwear for exports (Photo: VNA) 
