Vietnam’s commodity exports in May and the first five months of 2023

General rating

According to preliminary statistics of the General Department of Customs, the total import-export value of the country in May 2023 reached 54.08 billion USD, up 1.9%, equivalent to an increase of more than 1 billion USD compared to the previous year. last month. In which, the export value was 28.04 billion USD, a slight increase of 0.6% (equivalent to 176 million USD).

In the 5 months of 2023, the total import and export value of Vietnam’s goods reached 260.79 billion USD, down 15.3%, equivalent to 47.17 billion USD down over the same period last year. In which, the export value reached USD 135.22 billion, down 12.3% (equivalent to USD 18.88 billion).

Exports of goods

Export of goods in May 2023 was 28.04 billion USD, up slightly by 0.6% (equivalent to 176 million USD) compared to the previous month. In which, the largest increase in value was for commodity groups such as textiles and garments with an increase of USD 376 million, vegetables and fruits with an increase of USD 265 million, iron and steel of all kinds with an increase of USD 118 million, crude oil by USD 98 million and aquatic products by 66 million USD. million USD compared to the previous month.

Besides, a number of export commodity groups whose value in May 2023 decreased sharply, such as phones and components down by 932 million USD; rice decreased by 155 million USD; wood and wood products decreased by 37 million USD.

The total export value of Vietnam’s goods in 5 months of 2023 is 135.22 billion USD, down 12.3%. With this result, the scale of exported goods in the first five months of 2023 decreased by 18.88 billion USD compared to the same period last year.

In the past 5 months, there were 9 groups of goods with export value decreased by over 500 million USD compared to the same period last year. That group of computers, phones, electronic products and components decreased by 7.04 billion USD; textiles and garments decreased by 2.33 billion USD; wood and wood products decreased by 2.06 billion USD; footwear of all kinds decreased by 1.38 billion USD; seafood products decreased by 1.31 billion USD; machinery, equipment, tools and spare parts decreased by 968 million USD; textile fiber of all kinds decreased by 684 million USD and iron and steel of all kinds decreased by 653 million USD.

However, exports of some commodity groups in the first 5 months of 2023 still achieved a positive increase compared to the same period last year. Specifically, means of transport and spare parts increased by 673 million USD; vegetables and fruits increased by $608 million and rice by $563 million over the same period last year.

In which, Vegetables and fruits: The export value of vegetables and fruits in May 2023 reached US$656 million, up 67.7% over the previous month. Cumulatively in the 5 months of 2023, the export value of this commodity group reached 2.03 billion USD, reaching the highest level of export value in 5 months so far and up 42.9% over the same period. period of the previous year. With this result, the export value of vegetables and fruits in the first five months of 2023 has increased to 608 million USD compared to the same period last year.

The main contributor to the increase in exports of fruit and vegetable products is the sudden increase in exports of durian (HS code 0810.60.00). Only in May 2023, the export value of durian reached the highest level ever, with 332 million USD, more than 10 times higher than the previous month. In the five months of 2023, the export value of durian fruit reached 503.4 million USD, an increase of 475.8 million USD, more than 18 times higher than the figure of 27.6 million USD in the same period last year In which, the export of durian fruit to China amounted to 477 million USD, accounting for 95% of the total export value of this commodity group of the country.

With this growth, in the end half of 2023, the export value of fruits and vegetables could reach 4 billion USD as planned.