Entering January 2022, export turnover decreased by 12% compared to the previous period, double the decrease of imports. This caused a large deficit in the trade balance.
According to data from the General Department of Customs, the total import and export value of Vietnam’s goods in the first period of January 1, 2022 reached 27.55 billion USD, down 12% compared to the previous month. However, compared to the same period last year, total import-export turnover still increased by 5.1%.
Regarding exports, the total value of export goods of Vietnam in the first period of January 1, 2022 reached US$ 12.96 billion, down 17.9% compared to the period of December 2, 2021.
The export value in the first period of January reached the highest level in the following items: Phones of all kinds and components reached 1.85 billion USD; Computers, electronic products and components reached $1.58 billion; Textiles and garments 1.44 billion USD; Other machinery, equipment, tools and spare parts reached 1.38 billion USD; Footwear of all kinds 878 million USD. Compared to the same period last year, export turnover only decreased slightly by 0.1%.
Regarding imports, the total value of imported goods of Vietnam in the first period of January 1, 2022 reached 14.6 billion USD, down 6% compared to the previous period. Compared to the same period last year, import turnover in the first period of January still increased by 10.2%.
Thus, in the first period of December, 2021, the trade balance of goods has a deficit of 1.64 billion USD.
