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Sunday, June 23, 2024

Vietnam’s exports fall in first half of April

By Minh Anh

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HCMC – Vietnam made only US$13.2 billion in export revenue in the first half of April, down 19.2% compared to the second half of March, according to preliminary data from the General Department of Vietnam Customs.

The steep decline in export value was attributed to significant export drops in key product groups.

The export value of computers, electronic and component products fell by 25.2%, while that of mobile phones and components was down 23%. Iron and steel products also recorded a decrease of 21.7% in export value.

Vietnam’s total export value this year to April 15 reached US$92.5 billion, down 12% compared to the same period in 2022.

Some product groups dipped in export value, such as mobile phones and components falling by 15%, textile and garment products by 18% and wood and wood products by 30.3%.

Meanwhile, Vietnam spent only US$12.8 billion importing products in the first half of April, down nearly 11% compared to the second half of March.

Between January and mid-April, the total value of imports reached US$87.2 billion, sliding around 17% compared to the same period in 2022.

Among them, mobile phones and components decreased 65.3% in import value, while the import value of computer equipment, electronic products, and components fell by 13.2%.

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