Export turnover of June continued to improve when it recorded the second consecutive month of increase compared to the previous month.
According to the General Statistics Office, the export turnover of goods in June was estimated at 29.3 billion USD, up 4.5% over the previous month. This is the second consecutive month that export turnover has increased and is close to the highest level since the beginning of the year (behind March with a turnover of 29.5 billion USD). However, compared to last year’s high base, this is down 11.4%.
In the opposite direction, the import turnover of goods in June was estimated at 26.71 billion USD, up 2.6% over the previous month and down 16.9% over the same period last year.
Generally in the first 6 months of 2023, export turnover of goods was estimated at 164.45 billion USD, down 12.1% over the same period last year. Import of goods was estimated at 152.2 billion USD, down 18.2%.
Thus, Vietnam had a trade surplus of $2.6 billion in June and a trade surplus of $12.25 billion in the first half of 2023.
Data: General Department of Customs, General Statistics Office (General: US)
The US is still the market that consumes the most goods of Vietnam in the first half of this year with 44.2 billion USD, down 22.6%. At the same time, the trade surplus to this market reached 37.2 billion USD, down 35% compared to the same period last year.
Meanwhile, Vietnam had the largest trade deficit from China with 24.5 billion USD, down 31% over the same period.
Data: General Statistics Office (General: H.US)
Recently, Minister of Industry and Trade Nguyen Hong Dien proposed that the Chinese Minister of Commerce actively promote the expansion of bilateral trade scale, expand economic and trade cooperation with Chinese localities to support the development of bilateral trade relations. support to bring Vietnamese goods to penetrate deeper into the Chinese domestic market.
At the same time, the Vietnamese side wishes to improve customs clearance efficiency at the border gate, establish a Vietnam Trade Promotion Office in Haikou in 2023, creating favorable conditions for Vietnam’s exports. China railway transit to third countries.
Regarding export orders, the General Statistics Office said that the survey showed the trend in the third quarter, with 26.7% of enterprises expected to increase new export orders; 46.2% of enterprises are expected to be stable and 27.1% of enterprises are expected to decrease.
In a recent report of SSI Securities JSC, analysts said that the growth prospect for exports in the third quarter – the peak quarter of export activities is not too positive.
Also giving a forecast on import and export, BIDV Securities (BSC) in the latest report emphasized that with the world macro data showing that the trend of consumption and the industrial sector decline, import and export growth is likely. will lean more towards the negative scenario. BSC maintains a lower import-export forecast for 2023 in both scenarios.
Specifically, in the negative scenario, exports may decrease by 13.5% and imports by 16.7%. In the positive scenario, exports could fall by 7.4% and imports could fall by 9.3%.
According to VietnamBiz.vn
