The General Statistics Office has just officially announced that the total import-export turnover of the first 4 months of 2019 is estimated at 156.8 billion USD, of which export is 78.76 billion USD, up by 5.8% compared to in the same period last year; imports reached 78.05 billion USD, up 10.4%.

With this result, the trade balance of goods despite maintaining a surplus in 4 months with an estimated trade surplus of 711 million USD, but much lower than the 3.7 billion USD of the same period in 2018.

Notably, in April 2019, exports fell sharply compared to the previous month - 12.6%; in which the domestic economic sector reached USD 6.12 billion, down 4.8%; foreign invested sector (including crude oil) reached 13.78 billion USD, down 15.7%.

Quite a number of exports in April saw a drop in turnover compared to the previous month. For example, phones and components decreased by 27.6%; crude oil down 15.3%; electronics, computers and components decreased by 11.5%; seafood decreased by 9.3%; textiles and garments decreased by 9.2%; wood and wood products by 3.7% ...

The sharp drop in export of phones and components, according to the General Statistics Office, is mainly due to Samsung’s Galaxy S10 product being exported in March. Only in March 2019, export of phones and components have increased to 1.93 billion USD, corresponding to an increase of 55.6% over the previous month.

In addition to Samsung’s production and export, the General Statistics Office said that since April, there are two holidays (Hung Vuong Anniversary and April 30, January 1, holidays) also affect production and general export of the economy.

However, in the first 4 months of 2019, export turnover is estimated at 78.76 billion USD, up by 5.8% compared to the same period in 2018. In which, domestic economic sector reaches 23, 33 billion USD, up 10.5%, accounting for 29.6% of total export turnover; foreign invested sector (including crude oil) reached 55.43 billion USD, up 4%, accounting for 70.4% (the proportion decreased by 1.2 percentage points compared to the same period last year).

According to the General Statistics Office, in 4 months, there are 16 items with export value of over 1 billion USD, accounting for 81.2% of total export turnover. In particular, some valuable items increased over the same period last year, such as electronics, computers and components - reached 9.6 billion USD, up 12.6%; textiles and garments - reaching USD 9.4 billion, up 9.8%; footwear - reached US $ 5.3 billion, up 13.4% ...

However, phones and components, although still having the largest export value, reached US $ 16 billion, accounting for 20.4% of total export turnover, but down 0.2% over the same period last year. before…

Meanwhile, in April 2019, the whole country imported US $ 20.6 billion, down 2.6% from the previous month, of which the domestic economic sector reached US $ 8.8 billion, down 2.1%; foreign invested sector reached 11.8 billion USD, down 3%.

Although export turnover also decreased, but the pace of decline was lower, trade deficit returned in April 2019, with about 700 million USD. Although this level of trade deficit is not enough to make the trade balance reversal, the trade surplus of the economy in the last 4 months is low, only 711 million USD.

In 4 months, the economy only exported 78.76 billion USD, but imported 78.05 billion USD. In which, the domestic economic sector saw a trade deficit of 9.46 billion USD; the foreign invested sector (including crude oil) saw a trade surplus of 10.17 billion USD.