Reviewing export-import turnover (12/6)
12/06/2013 - 17 Lượt xem
Exports increase slowly
In the first five months of
2013, the country’s export turnover reached an estimated US$49.94
billion, an increase of 15.1 percent compared to the same period last
year. Export turnover of foreign-invested enterprises (excluding crude
oil) reached an estimated US$29.74 billion, an increase of 25.8 percent
compared to the same period in 2012.
The processing industry recorded
good growth in the first five months of 2013, reaching export turnover
of nearly US$34.21 billion, an increase of 25.7 percent compared to the
same period last year, accounting for 68.5 percent of total export
turnover. Of which, export turnover of bags, suitcases, hats, umbrellas,
wood and wood products, garments and textiles, footwear, iron and steel
increased by over 10 percent in the first five months of 2013. In
particular, export turnover of computers, electronic products and
components recorded impressive growth, reaching 41.6 percent.
Export turnover of major
agricultural, forestry and aquaculture commodities in the first five
months of 2013 reached nearly US$7.92 billion, a drop of 8.5 percent
compared to the same period last year, accounting for 15.85 percent of
total export turnover. Export turnover of coffee, cassava and cassava
products, rubber, coal and fuels drastically declined by 20.8, 11.3,
26.7, 20.7 and 42.2 percent respectively.
In terms of markets, exports to
the Asian, European, American and Oceania markets increased by 12.9,
24.4, 15.3 and 37.3 percent respectively. In addition, exports to the
African market declined by 4.3 percent.
A decline in prices
One of the factors leading to a
slowdown in export turnover in the first five months of 2013 was due to a
decline in prices despite an increase in output. Average prices of
export commodities fell in this period, such as cashew nuts (8.6
percent), pepper (3.6 percent), rice (5.8 percent), rubber (14 percent),
coal (17.3 percent) and crude oil (9.3 percent).
Only prices of tea, coffee, cassava and cassava products increased by 5.9, 3 and 5.9 percent respectively.
Average import prices of some
commodities also greatly reduced, such as Liquefied Petroleum Gas (11.7
percent), cotton (14.4 percent), iron and steel (10.6 percent) and scrap
steel (11.3 percent).
Increasing trade deficit
Import turnover in May was
estimated to reach US$12 billion, an increase of 9.4 percent compared to
April and 16 percent compared to the same period last year. In the
first five months of 2013, import turnover reached an estimated US$51.86
billion, an increase of 16.8 percent compared to the same period last
year. In addition, the trade deficit in May stood at US$1.2 billion,
equal to 11.1 percent of total export turnover and in the first five
months of 2013 totaled US$1.92 billion, equal to 3.85 percent of total
export turnover. The trade deficit proved offered positive signs and
domestic production showed signs of recovery.
According to the Ministry of
Industry and Trade’s statistics, in the first five months of 2013,
import turnover of necessary commodities reached an estimated US$45.9
billion, an increase of 17.6 percent compared to the same period last
year, accounting for 88.5 percent of total import turnover, contributing
to bringing positive signs for domestic production and business
activities.
Import turnover of restricted
goods increased by 10.7 percent in the first five months of 2013.
Therefore, the Ministry of Industry and Trade needed to adopt measures
to limit these goods.
The Ministry of Trade and
Industry has directed relevant departments in the following months to
focus on promoting exports of goods and services; amending and
supplementing import duties in accordance with the country’s commitments
to increased international integration./.
Source: VEN
Source: VEN
