By the end of the first month of 2020, there are 4 export markets of Vietnam with a turnover of 1 billion USD or more, according to information recently announced by the General Department of Customs.
In January, the country’s export turnover reached $18.323 billion, down 17.4% over the same period in 2019. By the
end of the first month, Vietnam had four export markets with a turnover of $1 billion or more. including: United States, China, Japan, Korea.
The above-mentioned quantity did not change compared to the same period in 2019, however, along with the overall downward trend of the whole country, export turnover in both these key markets decreased.
Specifically, the United States is still Vietnam’s largest export market with a turnover of 4.77 billion USD while in January 2019 reached 5.14 billion USD.
Similar results in the remaining 3 countries are: China USD 2.74 billion and USD 2.8 billion; Japan $1.55 billion and $1.9 billion; South Korea $1.38 billion and $1.84 billion.
With a total turnover of 10.44 billion USD, 4 main markets contributed nearly 57% of the total export turnover of the country in January.
Most of Vietnam’s export groups are present in the four countries mentioned above, but the most significant ones can be mentioned as: Textile and garment; Footwear; computers, electronic products and components; Phones and components; Machinery, equipment, tools and spare parts; Vehicles and spare parts; fruits and vegetables…
In terms of imports, by the end of January, turnover from China reached 5.6 billion USD; Korea reached 3.94 billion USD; Japan reached 1.3 billion USD; United States reached 988 million USD.
Thus, in the above 4 markets, our country has trade surplus to 2 markets (USA, Japan) and trade deficit from China and Korea.
January is volatile for the Chinese market
In the four markets mentioned above, import and export activities with China attract special attention, because this is not only Vietnam’s largest trading partner, but it is also the focus of the corona virus epidemic. (Covid-19), greatly affecting trade activities between the two countries, especially on the northern road border gate.
According to the General Department of Customs, the total import and export value in general with China in January preliminary decreased by 25.8% compared to December 2019 and decreased by 11.8% compared to the same period last year.
In addition to the disease factor, the other main reason for the decrease in imports and exports with China in January compared to December 2019 and January 2019 is the 2020 Lunar New Year, which falls completely in January 2020. .
Meanwhile, the import value of goods originating from China in January 2020 on an average daily basis reached more than 261 million USD/day, down 6.5% compared to December 2019 and down 2.1 % compared to January 2019.
Currently, with the drastic direction of the Government and the efforts of the ministries and local agencies, import and export activities at some northern border gates have tended to be more positive, especially at international border gates. Road No. II Kim Thanh, Lao Cai; Huu Nghi, Lang Son…
For example, at Lao Cai International Border Gate Customs Branch (Lao Cai Customs Department), from February 8 (the time when it is considered the official start of import and export activities after the Tet holiday at the border gate). II Kim Thanh) to 12/2, the unit has cleared customs procedures for 613 import and export goods trucks with a total weight of nearly 13,000 tons, a total turnover of nearly 5.4 million. USD.
In which, export goods are 363 vehicles, turnover is nearly 4 million USD, cargo weight is nearly 6,550 tons, the main export items are dragon fruit, jackfruit, banana…
Particularly, dragon fruit exports are 277 vehicles, total weight 4,467 tons.
In 2019, the value of import, export, purchase and exchange of goods through border gates in Lao Cai reached US$3.8 billion, of which exports reached US$2.6 billion. Particularly, imported agricultural products reached 1.57 million tons with a turnover of over 1 billion USD.