According to the General Department of Customs, in the first half of June 2022 (from June 1 to June 15), the country's export turnover reached US$15.1 billion.
In which, major export groups such as phones, computers, machinery, textiles, and footwear still maintained a turnover of 1 billion USD or more.
In addition, many commodity groups achieved turnover from 100 to hundreds of millions of USD, in which there are many groups of agricultural products such as seafood, coffee, cashew nuts, vegetables, etc.
On the other hand, in the first half of June, the whole country spent 16.53 billion USD importing goods.
In the first half of June, the whole country spent 16.53 billion USD importing goods
Thus, the trade balance in the first half of June had a deficit of 1.43 billion USD. The trade deficit is not too surprising at this time when businesses focus on importing goods that are raw materials for production, on the other hand, many commodity groups increase in price due to changes in the world situation, especially related to petroleum products…
From the beginning of the year to June 15, the country's export turnover reached 168.3 billion USD, while the import turnover reached 169.6 billion USD. Notably, both export and import directions maintained a fairly double-digit growth compared to the same period last year.
The trade deficit in the first half of June made the trade balance at a surplus when at the end of May, it reversed cumulatively until June 15 with a deficit of 1.3 billion USD.
At the recent quarterly press conference of the Ministry of Industry and Trade, Deputy Minister of Industry and Trade Do Thang Hai said that in the last months of the year, the Industry and Trade sector will continue to make efforts to effectively implement Resolution 01, Resolution No. 02 and the Economic Recovery Program, promoting the disbursement of public investment capital, following the schedule to soon put into operation key projects, which play an important role in the fields of electricity, oil and gas, industry. processing and manufacturing industries... creating added value in industrial production, creating a stable and quality source of goods for export. In addition, continue to promote activities to stimulate domestic consumption demand, connect the consumption of goods and agricultural products in the digital environment and e-commerce.
At the same time, focus on supporting businesses to make good use of signed FTAs to speed up exports and boost domestic consumption; Review and recommend solutions to reduce taxes and fees or propose solutions to support the affected subjects in case of input prices of some commodities (petroleum, fertilizer, etc.) animal feed…) continues to increase….
Lan Phuong
