Export week from June 10 to June 16: Vietnam shrimp export expects growth momentum

Exports from May 27 to June 2: Many items grew impressively; Will exports in 2024 reach around the 370 billion USD mark? Exports from June 3 to June 9: Wood and wood products increased by 23.5%; Coffee earned 2.9 billion USD

In 5 months, Vietnam's export turnover increased by 20.23 billion USD

According to information recently announced by the General Department of Customs, Vietnam's total export turnover in the second period of May 2024 (May 16-31) reached 17.56 billion USD, an increase of 20.2% (equivalent to an increase of 2.95 billion USD) compared to the first period of May 2024.

Export turnover in the second period of May 2024 increased compared to the first period of May 2024 in some important commodity groups such as: Phones of all kinds and components increased by 710 million USD (equivalent to an increase of 39.9%); machinery, equipment, tools and spare parts increased by 558 million USD (equivalent to an increase of 31.2%); computers, electronic products and components increased by 327 million USD (equivalent to an increase of 12.6%); iron and steel of all kinds increased by 262 million USD (equivalent to an increase of 98%)...

Xuất khẩu tuần từ 10/6-16/6: Kim ngạch xuất khẩu của Việt Nam tăng 20,23 tỷ USD

Vietnam's export turnover increased by 20.23 billion USD

In addition, statistical data of the Customs authority also recorded that the export turnover of some groups of goods in the second period of May 2024 decreased sharply compared to the previous period such as:

Crude oil decreased by 37 million USD (equivalent to a decrease of 33.1%); chemical products decreased by 27.3 million USD (equivalent to a decrease of 22.9%); coffee decreased by 18.1 million USD (equivalent to a decrease of 10.3%)...

Thus, by the end of May, Vietnam's total export turnover reached 156.28 billion USD, an increase of 14.9% over the same period last year (equivalent to an increase of 20.23 billion USD).

Statistics from the General Department of Customs also show that the export turnover of goods of foreign direct investment (FDI) enterprises in the second period of May 2024 reached 12.66 billion USD, an increase of 22% (equivalent to an increase of 2.28 billion USD) compared to the first period of the month.

By the end of May, the total export turnover of FDI enterprises reached 111.93 billion USD, an increase of 13.1% (equivalent to an increase of 12.95 billion USD) over the same period last year, accounting for 71.6% of the country's total export turnover.

FDI enterprises account for 67.6% of the country's total import-export turnover.

According to the latest statistics of the General Department of Customs, by the end of May 2024, the total import-export turnover of the whole country reached 303.94 billion USD, an increase of 16% (equivalent to an increase of 42 billion USD) over the same period in 2023.

Of which, the total import-export turnover of FDI enterprises reached 205.44 billion USD, up 13.7% (equivalent to an increase of 24.82 billion USD) over the same period last year; the total import-export turnover of domestic enterprises was 98.5 billion USD, up 21.1% (equivalent to an increase of 17.18 billion USD).

Thus, the FDI enterprise sector accounted for 67.6% of the total import-export turnover of the country in the past 5 months.

Regarding exports, in the second period of May (May 16-31), the turnover of FDI enterprises reached 12.66 billion USD, an increase of 22% (equivalent to an increase of 2.28 billion USD) compared to the first period of May 2024, bringing the total export turnover of FDI enterprises in the first 5 months to 111.93 billion USD, an increase of 13.1% (equivalent to an increase of 12.95 billion USD) over the same period last year, accounting for 71.6% of the total export turnover of the whole country.

FDI enterprises have a large advantage in Vietnam's key export groups such as: computers, electronic products and components; phones and components; machinery, equipment, etc.

In contrast, FDI enterprises' imports of goods in the second period of May were 9.68 billion USD, down 10.1% (equivalent to a decrease of 1.09 billion USD) compared to the first period of May 2024.

In the first 5 months, the total import turnover of FDI enterprises reached 93.51 billion USD, up 14.5% (equivalent to an increase of 11.87 billion USD) compared to the same period last year, accounting for 63.4% of the total import turnover of the whole country. In the past 5 months, the trade balance of FDI enterprises reached a surplus of 18.42 billion USD.

Vietnam shrimp exports expected to grow

According to VASEP, from the beginning of the year to May 15, 2024, Vietnam's shrimp export turnover reached 1.1 billion USD, up 8.3% over the same period last year.

As of May 15, 2024, Vietnam's shrimp exports to the EU reached 134 million USD, up 1.2% over the same period last year. Although the cumulative figure from the beginning of the year has only increased slightly, shrimp exports to this market have shown a good upward trend in recent months.

Vietnam's shrimp export turnover increased by 8.3%

As of May 15, shrimp export turnover to Japan reached 161 million USD, down slightly by 3% compared to the same period last year. The cumulative export value from the beginning of the year decreased slightly but has shown signs of increasing since April.

Orders from the EU and Japan are expected to increase in the second quarter of this year. In particular, the EU market has shown signs of increasing demand, especially for certified shrimp products. Demand from Japan is also quite positive, but orders are slower due to the depreciation of the yen and the Golden Week (an important long holiday in this country).

As of May 15, 2024, Vietnam's shrimp exports to China & Hong Kong (China) reached 223 million USD, up 31% over the same period last year. Although the cumulative figure increased, exports to this market have shown signs of decline in recent months.

Seafood industry aims to export more than 10 billion USD

According to statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first 5 months of the year, the country's seafood exports reached nearly 3.6 billion USD, up 6% over the same period in 2023. Among the main products, squid, octopus and other fish (sea fish, freshwater fish) had lower export value than the same period last year, with a decrease of 1% and 3% respectively.

Seafood industry aims to export more than 10 billion USD

Meanwhile, shrimp and pangasius exports increased slightly, up 7% and 4% respectively. Crab products grew the most (up 84%), tuna also increased positively (22%), and shellfish exports increased by 13%.

Among the top 5 markets for Vietnamese seafood, the US is the market with the most positive growth, with an increase of 7% in the first 4 months of the year. Exports to South Korea increased slightly by 2%. Exports to China, Japan and the EU were almost the same as the same period last year.

VASEP assessed that, in the context of many difficulties, seafood exports still grew by 6% in the first 5 months of the year, which is an encouraging result on the path of recovery and development of the industry.

VASEP forecasts that seafood exports in the first half of 2024 will reach 4.4 billion USD, up 6% over the same period in 2023. Of which, shrimp exports will reach 1.65 billion USD; pangasius exports will reach 910 million USD; tuna exports will reach 457 million USD; squid and octopus exports will reach 294 million USD; crab exports will reach 119 million USD; and shellfish exports will reach nearly 74 million USD.

Source: https://congthuong.vn/xuat-khau-tuan-tu-106-166-xuat-khau-tom-viet-nam-ky-vong-da-tang-truong-326465.html