Import and export turnover suddenly stagnated

According to the General Department of Customs, exports in the first half of September unexpectedly slowed down. The country's trade turnover only reached 28.5 billion USD, down 9.7 billion USD compared to the second half of August.

According to the latest preliminary statistics of the General Department of Customs, in the first half of September (September 1-15), The country's goods exports reached 14 billion USD, down 6.73 billion USD compared to the second half of August.

Of the 45 main export items, 20 items decreased in value compared to the same period last year. Of which, the main export groups with high growth rates from the beginning of the year until now all decreased sharply in the first half of September, including: Computers, electronic products and components only reached 2.57 billion USD; machinery, equipment, tools, spare parts reached nearly 2.2 billion USD; phones and components nearly 1.9 billion USD, textiles 1.21 billion USD, footwear 623 million USD...

Meanwhile, some agricultural products still maintained a fairly high growth rate in the first half of September, led by fruits and vegetables; seafood, coffee, rice exports, cashew nuts, etc.

Imports and exports in the first half of September both decreased significantly.

On the contrary, imports in the first half of September reached 14.55 billion USD, down nearly 3 billion USD compared to the second half of August.

The General Department of Customs has not yet stated the reason why import and export turnover in September decreased sharply, but it may be due to the impact of the recent storm No. 3. Because the area where the storm made landfall is a key area for import and export such as Hai Phong, Quang Ninh, Bac Ninh, Bac Giang ... Import and export activities at seaports were interrupted at times.

However, from the beginning of the year to September 15, the turnover commerce The country's total goods reached 540.7 billion USD, up 15.9% over the same period last year. Of which, exports reached 279.4 billion USD, up 14.7%; imports reached 261.3 billion USD, up 17.1%.

According to the Ministry of Industry and Trade , Vietnam's exports this year are likely to exceed the target set at the beginning of the year of over 6% growth. If conditions are favorable, exports for the whole year are expected to maintain double-digit growth.

From now until the end of the year, Vietnam's key export products to major markets such as Europe, the United States, etc. will face pressures from trade defense investigations, origin fraud, technical barriers related to the environment, sustainable development, and green transformation.

Source: https://baoquangninh.vn/kim-ngach-xuat-nhap-khau-bat-ngo-chung-lai-3320431.html