General Situation Of Vietnam Textiles Import And Export In January (2020)

(1) in January (2020), Vietnam's exports decreased by 14.3% over the same period (2018).

According to statistics from the General Administration of statistics of Vietnam, the export volume of Vietnam in January (2020) was about $19 billion, a decrease of 15.8% compared with December (December), and a decrease of 14.3% compared with the same period last year. Among them, the export volume of Vietnamese enterprises was about 6 billion 310 million US dollars, a decrease of 11.4%, and the export volume (including crude oil) of foreign-funded enterprises amounted to about 12 billion 690 million US dollars, reducing 15.7%.

In January this year, the export volume decreased from the same period last year. The total export volume of textiles and garments, various kinds of telephone sets and parts were all 2 billion 600 million US dollars, and decreased by 21% and 22.4% respectively. Footwear 1 billion 600 million dollars, reduced by 9.7%; machinery equipment and parts 1 billion 500 million US dollars, reduced by 6.5%.

In January this year, the export volume increased by 2 billion 600 million compared with the same period last year, including electronic products, computers and parts, increased by 5.6%, timber and wood products increased by 1 billion, and increased by 1.4%. In addition, the export volume of a number of agricultural products fell sharply compared with the same period last year, including aquatic products 550 million US dollars, a decrease of 25.2%; vegetables and fruits 340 million US dollars, a decrease of 3.9%; coffee 245 million US dollars, a decrease of 30.3%; cashew 215 million US dollars, a decrease of 19.6%; rubber 174 million US dollars, a decrease of 13.1%; rice 170 million dollars, reduction of 170 million; pepper spread to the US dollar, and reduction of sales.

As for the export market, the United States exported the largest export market to Vietnam in January this year, with an export value of US $4 billion 800 million, a decrease of 7.6% compared with the same period last year. Secondly, China's exports amounted to US $3 billion 700 million, an increase of 32.8%; the EU's 2 billion 600 million US dollars decreased by 30.8%; the ASEAN Association's 1 billion 600 million US dollars, decreased by 34.8%; Japan's 1 billion 600 million dollars, decreased by 15.8%; South Korea 1 billion 300 million dollars, reducing the 1 billion 300 million.

(two) in January (2020), Vietnam's imports decreased by 11.3% over the same period (2019).

According to the statistics of the General Administration of Vietnam, Vietnam's imports amounted to about US $19 billion 100 million in January (2020), a decrease of 14.4% compared with December (December), and a decrease of 11.3% compared with the same period last year. Among them, the amount of imports by Vietnamese enterprises was about 8 billion 700 million US dollars, a decrease of 17.7%, and the entry amount of foreign enterprises was about 10 billion 400 million US dollars, reducing 11.3%.

In January this year, the amount of imports decreased, including imports of electronic products, computers and parts, amounting to 3 billion 700 million US dollars, a decrease of 8.5%; machinery and equipment and parts of which were reduced by 3 billion 200 million US dollars, 6.8%; various phones and their parts were reduced by 1 billion 100 million US dollars, 9.5%; fabric 950 million US dollars, reduced by 18.1%; plastic 645 million US dollars, reduced 19.3%; iron and steel 600 million dollars, reduced by 600 million.

Regarding the source of imports, China is still Vietnam's largest source of imports, with a total import value of US $6 billion 200 million, a decrease of 7.1% compared with the same period last year, followed by 3 billion 200 million US dollars in South Korea, a decrease of 22.8%, a decrease of 10.8% from the ASEAN's import of $2 billion 400 million, an increase of 2.7% from Japan's imports of 1 billion 500 million US dollars, a decrease of 6.5% from the EU's imports of 1 billion 200 million dollars, and an increase of 1 billion 200 million from the US import dollar.

In January, the trade deficit was about US $100 million, of which the deficit exceeded 2 billion 400 million US dollars, while the foreign capital surplus was US $2 billion 300 million.