Vietnam’s export and import turnover fell 25.6% in February, up by 10.2% over the same period last year.

It is estimated that in February of 2022, the export turnover of goods reached 22.95 billion USD, down by 25.6% over the previous month and up by 13.2% over the same period last year.
In general, in the first two months of 2022, the country’s export turnover of goods was estimated at 53.79 billion USD, up by 10.2% over the same period last year.
In which, the export turnover of the domestic economic sector reached 14.29 billion USD, up by 24.1%, accounting for 26.6% of total export turnover; while the export turnover of the FDI sector (including crude oil) reached 39.5 billion USD, up by 5.9%, accounting for 73.4%.
In the first 2 months of 2022, there were 9 items with export turnover of over 1 billion USD, accounting for 71.6% of total export turnover (there were 4 export items with over 5 billion USD, accounting for 52%).
Regarding the structure of export products in the first 2 months of 2022, the exports of the group of fuels and minerals increased by 0.1% over the same period last year; the exports of the group of processed industrial products decreased by 0.8%; the exports of aquatic products increased by 0.7%; and the exports of the group of agricultural and forestry products equal to the same period last year.
Regarding the export market of goods in the first two months of 2022, the United States was the largest export market of Vietnam with an estimated turnover of 18.3 billion USD. The trade surplus to the EU was estimated at 5.5 billion USD, up by 56.6% over the same period last year; while the trade surplus to Japan reached 566 million USD (in the same period in 2021, trade deficit was 237 million USD).
Also in February, the total retail sales of consumer goods and services increased by 3.1% over the same period last year; and the total import and export turnover of goods increased by 17.6%.
Generally for the first 2 months of 2022, the total retail sales of consumer goods and services increased by 1.7% over the same period last year; the total export and import turnover of goods was estimated at 108.52 billion USD, up by 13%.

Source: VITIC/haiquanonline.com.vn