REVEALING EXPORT 'STAR' HELPS VIETNAM EARN NEARLY 100 BILLION USD IN 4 MONTHS OF 2023

This group of export goods is estimated at 96.1 billion USD, accounting for 88.5% of export turnover of goods in the first 4 months of 2023.

REVEALING EXPORT 'STAR' HELPS VIETNAM EARN NEARLY 100 BILLION USD IN 4 MONTHS OF 2023

This group of export goods is estimated at 96.1 billion USD, accounting for 88.5% of export turnover of goods in the first 4 months of 2023.

Revealing the export 'star' helps Vietnam earn nearly 100 billion USD in 4 months of 2023

According to the General Statistics Office, the trade balance of goods in the first 4 months of 2023 was estimated to have a trade surplus of 6.35 billion USD (the same period last year, the trade surplus was 2.35 billion USD). In which, the domestic economic sector has a trade deficit of 8.04 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of $14.39 billion.

In April 2023, the country's export turnover of goods was estimated at 27.54 billion USD, down 7.3% over the previous month and down 17.1% over the same period last year. In the first 4 months of 2023, export turnover of goods was estimated at 108.57 billion USD, down 11.8% over the same period last year.

Regarding the structure of export groups in the first 4 months of 2023, the group of processed industrial products is estimated at 96.1 billion USD, accounting for 88.5%.

The United States is Vietnam's largest export market with an estimated turnover of 28.4 billion USD.

According to the General Statistics Office, in the first 4 months of 2023, there were 20 items with export turnover of over 1 billion USD, accounting for 83.8% of total export turnover. In which, there are 5 export items of over 5 billion USD, accounting for 57.4% of the total export turnover of the country.

In the first 4 months of 2023, the group of processed industrial products was estimated at 96.1 billion USD, accounting for 88.5%.

What is the processing industry?

The processing industry includes all industrial enterprises, handicraft production establishments specializing in the processing of products of the mining industry and agricultural products. In addition, the processing industry also includes the repair of machinery and equipment and the repair of consumer goods.

Processing industry activities: Thermal power industry, fuel processing industry, metallurgy industry, machinery and equipment manufacturing industry, chemical industry, building materials industry, industry processing wood, bamboo, leaves, rattan, rattan, sedge... Industry of crockery, porcelain, glass, pottery, textile industry, leather, sewing, dyeing, food processing industry, manufacturing industry products for health, culture, education and other processing industries.

The Resolution of the XIII Party Congress has set a target that by 2025 our country will be a developing country with a developed industry towards modernity, surpassing the low middle income level (GNI per capita is over USD 4,045). , the proportion of processing and manufacturing industry in GDP reached over 25%; By 2045, it will become a developed and high-income country.

In addition, Resolution 23-NQ/TW of the Politburo dated March 22, 2018 has set a target that by 2030, Vietnam will complete the goal of industrialization and modernization, basically becoming an industrialized country. towards modernization; belongs to the group of 3 leading countries in the ASEAN region in industry, in which a number of industries are internationally competitive and deeply involved in the global value chain; the proportion of manufacturing industry in GDP reached 30%; growth of added value of the processing and manufacturing industry reached an average of over 10%/year; By 2045, Vietnam will become a modern industrialized country.

In 2022, 8 export items belonging to the group of key processing and manufacturing industries reached 255.67 billion USD.

The processing industry is the "star" of vietnam's exports

According to preliminary statistics of the General Department of Customs, in 2022, the export value is 371.3 billion USD, up 10.5%, equivalent to 35.14 billion USD increase over the previous year. Particularly, 8 export products belonging to the key processing and manufacturing industry group have reached 255.67 billion USD, accounting for 68.8% of the total export turnover of the country.

These are export groups of electronics and components, machinery, equipment, tools and spare parts, computers, electronic products & components, textiles, footwear, aquatic products, furniture, iron and steel. .

In which, many commodity groups with very high growth, such as machinery, equipment, tools and spare parts, for the whole year 2022, reached 45.75 billion USD, up 19.4% over the previous year. The main export markets of this group of goods are: the United States reached 20.18 billion USD, up 13.3%; EU reached 5.76 billion USD, up 32.2%; China reached 3.68 billion USD, up 28.3%; Japan reached 2.76 billion USD, up 7.6%; Korea reached 2.73 billion USD, up 7%... compared to 2021.

Or textiles, export turnover reached 37.57 billion USD, up 14.7% compared to 2021. Export to the EU reached 4.46 billion USD, up 34.7%; Japan reached $4.07 billion, up 25.8%; Korea reached 3.31 billion USD, up 12.1%... compared to 2021.

Similarly, the group of footwear of all kinds, exported approximately 23.9 billion USD, up 34.6Revealing export 'star' helps Vietnam earn nearly 100 billion USD in 4 months of 2023

In April 2023, the country's export turnover of goods was estimated at 27.54 billion USD, down 7.3% over the previous month and down 17.1% over the same period last year. In the first 4 months of 2023, export turnover of goods was estimated at 108.57 billion USD, down 11.8% over the same period last year.

Regarding the structure of export groups in the first 4 months of 2023, the group of processed industrial products is estimated at 96.1 billion USD, accounting for 88.5%.

The United States is Vietnam's largest export market with an estimated turnover of 28.4 billion USD.

According to the General Statistics Office, in the first 4 months of 2023, there were 20 items with export turnover of over 1 billion USD, accounting for 83.8% of total export turnover. In which, there are 5 export items of over 5 billion USD, accounting for 57.4% of the total export turnover of the country.

Revealing the export 'star' helps Vietnam earn nearly 100 billion USD in 4 months of 2023 - Photo 2.

In the first 4 months of 2023, the group of processed industrial products was estimated at 96.1 billion USD, accounting for 88.5%.

What is the processing industry?

The processing industry includes all industrial enterprises, handicraft production establishments specializing in the processing of products of the mining industry and agricultural products. In addition, the processing industry also includes the repair of machinery and equipment and the repair of consumer goods.

Processing industry activities: Thermal power industry, fuel processing industry, metallurgy industry, machinery and equipment manufacturing industry, chemical industry, building materials industry, industry processing wood, bamboo, leaves, rattan, rattan, sedge... Industry of crockery, porcelain, glass, pottery, textile industry, leather, sewing, dyeing, food processing industry, manufacturing industry products for health, culture, education and other processing industries.

The Resolution of the XIII Party Congress has set a target that by 2025 our country will be a developing country with a developed industry towards modernity, surpassing the low middle income level (GNI per capita is over USD 4,045). , the proportion of processing and manufacturing industry in GDP reached over 25%; By 2045, it will become a developed and high-income country.

In addition, Resolution 23-NQ/TW of the Politburo dated March 22, 2018 has set a target that by 2030, Vietnam will complete the goal of industrialization and modernization, basically becoming an industrialized country. towards modernization; belongs to the group of 3 leading countries in the ASEAN region in industry, in which a number of industries are internationally competitive and deeply involved in the global value chain; the proportion of manufacturing industry in GDP reached 30%; growth of added value of the processing and manufacturing industry reached an average of over 10%/year; By 2045, Vietnam will become a modern industrialized country.

Revealing export 'star' helps Vietnam earn nearly 100 billion USD in 4 months of 2023 - Photo 3.

In 2022, 8 export items belonging to the group of key processing and manufacturing industries reached 255.67 billion USD.

The processing industry is the "star" of Vietnam's exports

According to preliminary statistics of the General Department of Customs, in 2022, the export value is 371.3 billion USD, up 10.5%, equivalent to 35.14 billion USD increase over the previous year. Particularly, 8 export products belonging to the key processing and manufacturing industry group have reached 255.67 billion USD, accounting for 68.8% of the total export turnover of the country.

These are export groups of electronics and components, machinery, equipment, tools and spare parts, computers, electronic products & components, textiles, footwear, aquatic products, furniture, iron and steel. .

In which, many commodity groups with very high growth, such as machinery, equipment, tools and spare parts, for the whole year 2022, reached 45.75 billion USD, up 19.4% over the previous year. The main export markets of this group of goods are: the United States reached 20.18 billion USD, up 13.3%; EU reached 5.76 billion USD, up 32.2%; China reached 3.68 billion USD, up 28.3%; Japan reached 2.76 billion USD, up 7.6%; Korea reached 2.73 billion USD, up 7%... compared to 2021.

Or textiles, export turnover reached 37.57 billion USD, up 14.7% compared to 2021. Export to the EU reached 4.46 billion USD, up 34.7%; Japan reached $4.07 billion, up 25.8%; Korea reached 3.31 billion USD, up 12.1%... compared to 2021.

Trần Ban (TLE)