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Apr 29, 2018 / 19:57

Export turnover in 4 months to reach US$145 billion

In the first 4 months, Vietnam`s export turnover is expected to reach US$144.13 billion, up 14.4% compared to the same period of last year, said the General Department of Vietnam Customs (GDVC).

Total trade turnover in April is estimated at US$35.7 billion, down 10.8% compared to the previous month.
 
​Export turnover in 4 months to reach US$145 billion.
​Export turnover in 4 months to reach US$145 billion.
Consequently, export turnover in April reached US$18.2 billion, down 13.9% compared to previous month and import turnover of US$17.5 billion, down 7.3% compared to previous month. 

Vietnam is forecasted to have a trade surplus of US$700 million in April, taking the total trade surplus in the first four months to US$3.39 billion.

Main export products in April, according to the GDVC are smart phones and accessories with US$4 billion, down 24.1% compared to previous month. In the first four months, trade turnover reached US$16.59 billion, increasing 36.8% year on year; textile & garment reached US$2.2 billion in April alone, down 5.1% compared to previous month; in the first four months, trade turnover accounted for US$8.6 billion, increasing 15.7% year on year. Computers, electronic devices and accessories are posted at nearly US$2 billion in April, down 11.1%.

Main import products in April are computers, electronic devices and accessories, which are US$3 billion in April, down 18.9% compared to previous month. It is estimated that in the first four months of 2018, its import turnover reached US$13.42 billion, increasing 22.3% year on year; Equipment, devices, and accessories are estimated at US$2.6 billion in April, down 4.4% compared to previous month, taking the figure in the first four months to US$10.16 billion, down 7.4% year on year; smart phones and accessories were US$1.1 billion in April, increasing 12.2% compared to previous month, resulting in an import turnover of US$4.42 billion in the first four months, up 9.8% year on year. 

State budget revenue from trade activities in the April reached VND19 trillion (US$838.8 million), stated the State Treasury, resulting in the number in the first four months at VND87.6 trillion (US$3.86 billion), equivalent to 31% of estimation and 29.9% of the target. 

Following the statistics, total state budget revenue in the first four months reached VND90 trillion (US$3.97 billion), down 1.74% compared to the same period of last year. 

In 2018, GDVC set revenue target of VND283 trillion (US$12.4 billion), while the Ministry of Finance Dinh Tien Dung expected the actual revenue to be at least 3 - 5% higher.