Trade deficit returns in the first 5 months of 2021

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According to a report of the General Statistics Office, import and export activities in May 2021 were affected by the fourth wave of the Covid-19 epidemic that broke out again, causing the production activities of some enterprises in the industrial park. seriously affected.

However, the total import and export turnover of goods in the first 5 months of 2021 still increased, reaching US$262.25 billion, up 33.5% over the same period last year.

Import and export of goods in the first 5 months of 2021. Source of General Statistics Office.

Regarding exports, in May 2021, export turnover of goods reached 26 billion USD, down 2.1% compared to the previous month, but increased by 35.6% compared to the same period last year. Generally, in the first 5 months of 2021, export turnover of goods reached 130.94 billion USD, up 30.7% over the same period last year.

In which, the domestic economic sector reached 33.06 billion USD, up 16.6%, accounting for 25.2% of total export turnover; the foreign-invested sector (including crude oil) reached US$97.88 billion, up 36.3%, accounting for 74.8%.

In the first 5 months of 2021, there are 22 items with export turnover of over 1 billion USD, accounting for 87.3% of total export turnover (6 items with export turnover of over 5 billion USD, accounting for 63.8%). , of which phones and components had the largest export value of 21.9 billion USD, accounting for 16.7% of total export turnover, up 19.6% over the same period last year; electronics, computers and components reached 19.5 billion USD, up 26%; machinery, equipment, tools and spare parts reached 14.9 billion USD, up 74.8%; textiles and garments reached 12.2 billion USD, up 15%; footwear reached USD 8.5 billion, up 26.4%; wood and wood products reached 6.6 billion USD, up 61.3%.

Regarding the structure of export commodity groups in the first 5 months of 2021, the group of heavy industrial goods and minerals was estimated at 70.7 billion USD, up 33% over the same period last year, accounting for 54% of the total export turnover of goods. (up 0.9 percentage points over the same period last year).

The group of light industrial and handicraft products was estimated at 47.32 billion USD, up 33% and accounting for 36.1% (up 0.6 percentage points). The group of agricultural and forestry products reached US$ 9.69 billion, up 13.5% and accounting for 7.4% (down 1.1 percentage points). The group of aquatic products reached USD 3.24 billion, up 12% and accounting for 2.5% (down 0.4 percentage points).

In the past 5 months, the US is still Vietnam’s largest export market with a turnover of 37.6 billion USD, up 49.8% over the same period last year; followed by China with 20.1 billion USD, up 26%; EU market reached 16.1 billion USD, up 20.8%; ASEAN market reached 11.5 billion USD, up 23.7%; Korea reached 8.9 billion USD, up 17.1%; Japan reached $8.4 billion, up 7.7%.

From the opposite direction, in May 2021, import turnover of goods reached 28 billion USD, up 0.8% over the previous month and 56.4% over the same period last year. Generally in the first 5 months of 2021, import turnover of goods reached USD 131.31 billion, up 36.4% over the same period last year, of which the domestic economic sector reached USD 45.8 billion, up 30 ,2%; FDI sector reached 85.51 billion USD, up 39.9%.

In the first 5 months of 2021, there are 27 imported items with a turnover of over 1 billion USD, accounting for 84.4% of the total import turnover (4 items with over 5 billion USD, accounting for 45.3%). : Electronics, computers and components reached USD 27.4 billion (accounting for 20.9% of total import turnover), up 24.7% over the same period last year; machinery, equipment, tools and spare parts reached USD 18.7 billion, up 35.9%; phones and components reached $7.5 billion, up 51.3%…

Regarding the structure of goods imports in the first 5 months of 2021, the group of capital goods reached 123.15 billion USD, up 36.8% over the same period last year and accounting for 93.8% of the total import turnover of goods. (up 0.3 percentage points over the same period last year).

In which, the group of machinery, equipment, tools, means of transport and spare parts reached US$ 58.8 billion, up 33% and accounting for 44.8% (down 1.1 percentage points); raw materials, fuel and materials reached 64.35 billion USD, up 40.5% and accounting for 49% (up 1.4 percentage points). The group of consumer goods was estimated at 8.16 billion USD, up 29.5% and accounting for 6.2% (down 0.3 percentage points).

In the past 5 months, China continues to be Vietnam’s largest import market with a turnover of 43.3 billion USD, up 52.8% over the same period last year; followed by South Korea with 20.9 billion USD, up 20.5%; ASEAN market reached 18.1 billion USD, up 54.2%; Japan reached 8.9 billion USD, up 14.8%; EU market reached 6.7 billion USD, up 16.8%; The United States reached $ 6.4 billion, up 6.8%.

Thus, the trade balance of goods in May 2021 had a trade deficit of 2 billion USD. Generally, in the first 5 months of 2021, the trade deficit is 369 million USD, of which the domestic economic sector has a trade deficit of 12.74 billion USD; FDI sector (including crude oil) had a trade surplus of 12.37 billion USD.

According to VnEconomy

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