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Enterprises increase the import of raw materials to produce export goods

Statistics from the Ministry of Industry and Trade show that in 8 months, there were 37 imported items worth over 1 billion USD, accounting for 89.9% of total import turnover (2 imported items were worth over 10 billion USD, accounting for 38.8%).


Thống kê của Bộ Công Thương cho hay trong 8 tháng, có 37 mặt hàng nhập khẩu đạt trị giá trên 1 tỷ USD

A representative of the Ministry of Industry and Trade said that the import turnover of goods in August was estimated at 28.55 billion USD, an increase of 5.7% compared to the previous month but still down 8.3% compared to the same period in 2022. In particular, the region The domestic economic sector reached 10.25 billion USD, down 1.4%; The foreign investment (FDI) sector reached 18.3 billion USD, an increase of 10.2%.


Thus, in the accumulated 8 months, the whole country imported about 207.52 billion USD, down 16.2% over the same period last year, of which 100% domestic-owned enterprises imported 73.94 billion USD, decreased by 14.8%; FDI enterprises imported 133.57 billion USD, down 17%.


Also according to the representative of the Ministry of Industry and Trade, in 8 months, there were 37 imported items worth over 1 billion USD, accounting for 89.9% of total import turnover (there were 2 imported items worth over 10 billion USD, accounting for 38.8%).


One of the positive points in August 2023 is that the import turnover of raw materials for export production continues to increase. Statistics show that the whole country spent about 25.5 billion USD to import goods that need to be imported, an increase of 5.6% over the previous month and accounting for 89.3% of the country's total import turnover.


Key product groups and important inputs serving export industries all increased, such as Computers, electronic products, and components were estimated at 8 billion USD, up 8.8% over the previous month; machinery, equipment, tools, and spare parts reached 3.65 billion USD, an increase of 2.2%; fabrics of all kinds reached 1 billion USD, up 2.8%; Petroleum increased by 45%, estimated at 1.05 billion USD...


Deputy Minister of Industry and Trade Do Thang Hai said that from now until the end of 2023, there are factors that help Vietnam expect export orders to recover.


Accordingly, Vietnamese enterprises are inherently resilient, flexible, and proactive in production and business activities, especially in export. At the same time, businesses have also promoted their initiative and creativity, looking for new markets to compensate and replace affected export markets, exploiting incentives and advantages from trade agreements. new generation FTA.


“In localities, FDI enterprises have plans to promote exports from now until the end of the year, introducing new products for export. For example, Samsung Group has said it will continue to promote the export of many products, including many new phone models, to global markets," Deputy Minister Do Thang Hai informed.


Also according to statistics, the import turnover of goods groups that need to be restricted in August increased by 6.5% over the same period last year, estimated at 1.46 billion USD. Overall, in the 8 months, the import turnover of the group of goods that need to be controlled decreased by 16.7%, reaching 12.16 billion USD, of which the decrease was recorded in items such as iron and steel scrap, gems, and metals. precious types and products, auto parts and accessories...


A few items with increased turnover are complete cars with less than 9 seats (up 3.6%), aromatics, cosmetics and hygiene products (up 6%), and vegetables and fruits (up 0.6%)...

(Vietnam+)


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