August 14, 2020 02:33

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Vietnam has 22 export commodities worth "billion dollars" in the first half of 2020

15:54 | 03/07/2020

VCN - Generally, in the first six months of 2020, export turnover is estimated at US$ 121.21 billion, decreased 1.1% compare to the same period last year. Vietnam also had a trade surplus of US$ 4 billion in the first half of 2020

vietnam has 22 export commodities worth billion dollars in the first half of 2020 Car import turnover through Hai Phong exceeds half a billion dollars
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vietnam has 22 export commodities worth billion dollars in the first half of 2020 The exports of agricultural products worth billion dollars slide down
vietnam has 22 export commodities worth billion dollars in the first half of 2020

According to the General Statistics Office, the Covid-19 pandemic hasaffected the leading trade partners of Vietnam, which has greatly impacted the import and export turnover of many commodities.

As of the first six months of 2020, total import and export turnover of goods reached US$ 238.4 billion, down 2.1% over the same period last year.

In the first six months of 2020, export turnover is estimated at US$ 121.21 billion, down 1.1% over the same period last year. Accordingly, the export of the domestic economic sector reached US$ 41.38 billion, up 11.7%, accounting for 34.1% of total export turnover; FDI business (including crude oil) reached US$ 79.83 billion, down 6.7%, accounting for 65.9%.

Within the first six months, there were 22 commodities with export turnover of over US$ 1 billion, accounting for 86.2% of total export turnover. In particular, there are four items with export over US$ 10 billion, accounting for 52.7% of total export turnover.

Of which, phones and components have the largest export turnover, reaching US$ 21.5 billion, accounting for 17.7% of total export turnover, down 8.4% over the same period last year.

Electronics, computers and components reached US$ 19.3 billion, increasing 24.2%; textiles and garments reached US$ 12.8 billion, decreasing 15.5%; machinery, equipment and tools reached US$ 10.3 billion, increasing 25.2%.

In general, the export proportion of some key products still belonged to the foreign direct investment sector, of which, phones and components accounted for 91.7%; machinery, equipment and spare parts accounted for 70.4%; footwear accounted for 77.8%; textiles accounted for 58%.

"Export turnover of some agricultural products in the first six months of this year decreased compared to the same period last year," the General Statistics Office said.

Regarding the export commodity market, the United States is Vietnam's largest export market with a turnover of US$ 30.3 billion, up 10.3% over the same period last year. Next are China, EU and ASEAN.

Within six months, import turnover was estimated at US$ 117.17 billion, down 3% over the same period last year, of which the domestic economic sector gained US$ 51.55 billion, up 0.1%; FDI sector reached US$ 65.62 billion, down 5.4%.

In the first six months of 2020, Vietnam also had 22 import commodities with a value of over US$ 1 billion, accounting for 81.2% of total import turnover.

China remained the largest import market with a turnover ofUS$ 34.8 billion, down 2.2% compared to the same period last year.

Regarding the structure of imported goods in the first six months, the group of production materials was estimated at US$ 109.5 billion, down 2.8% over the same period last year and accounting for 93.5% of total import turnover.

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Notably, the General Statistics Office said that the average commodity exchange rate in the first six months of 2020 decreased by 0.78% compared to the same period in 2019, reflecting the unfavorable export price of Vietnam's goods to foreign countries compared to the price of imported goods from abroad to Vietnam.

By Hoai Anh/ Phuong Thao