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In the first five months of 2021, exports still maintain growth momentum despite the Covid-19 pandemic

04/06/2021

The occurrence of the fourth wave of the Covid-19 pandemic has affected the production activities of a number of enterprises in industrial parks. However, the total import and export turnover of goods in the first five months of 2021 still maintained a good momentum, reaching USD 262.25 billion, an increase of 33.5% over the same period last year, in which, export turnover of goods reached USD 130.94 billion, an increase of 30.7%.

In the first five months of 2021, there are 22 items with export turnover of over USD 1 billion, accounting for 87.3% of total export turnover. There are 6 items with export turnover of over USD 5 billion, accounting for 63.8%, of which phones and components have the highest export value of USD 21.9 billion, an increase of 19.6% over the same period last year.

Notably, the group of processed and manufactured industrial goods - the group of goods that accounted for a large proportion of the total export turnover, and the group of agricultural and aquatic products still increased sharply compared to the same period last year, while the group of fuels and minerals is still in a downtrend.

Export turnover of agricultural, forestry and fishery products in the first five months of the year reached USD 10.99 billion, an increase of 12.8% over the same period in 2020. In which, rubber was the fastest growing commodity with an increase of 58.7% in volume and 93.9% in value over the same period in 2020, reaching 548,000 tons, worth USD 923 million. The two items with the largest export turnover in this group, seafood and vegetables, also increased by 12% and 18% respectively over the same period in 2020.

For rice, although the export volume of this item in the first 5 months of this year decreased by 11.3% over the same period last year, in return, the export price of rice increased by 11.9% (average of USD 543/ton). As a result, rice export turnover in the first five months of 2021 did not decrease much compared to the same period last year, decreased by only 0.7%.

For the group of processed industrial products, although slowing down in the last two months, in the first five months of 2021, the export turnover of processed industrial products still maintained a high growth rate of 34.3% over the same period in 2020, reaching USD 113.05 billion, accounting for 86.3% of the total export turnover of the country.

This growth momentum came from most of the key products of the group such as: phones and components increased by 19.6%; computers, electronic products and components increased by 26%; machinery, equipment, tools and spare parts increased by 74.8%; timber and wood products increased by 61.3%, etc.

Notably, exports of textiles, garments and footwear of all kinds also had a clear recovery with growth of 15% and 26.4% compared to the first five months of 2020.

In the first five months of 2021, the United States is still Vietnam's largest export market with a turnover of USD 37.6 billion, an increase of 49.8% over the same period last year; followed by China with USD 20.1 billion, an increase of 26%; EU market reached USD 16.1 billion, an increase of 20.8%; ASEAN market reached USD 11.5 billion, an increase of 23.6%; Korea reached USD 8.9 billion, an increase of 17.1%; Japan reached USD 8.4 billion, an increase of 7.7%.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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