Export turnover plummets in Q1 due to COVID-19 pandemic
VGP – Export turnover valued US$ 2.7 billion in Q1, down 18.1% against the same period last year of which the domestic sector experienced a drop of 9.4% and the FDI sector witnessed a sharp decrease of 28.2%, the Ha Noi Statistics Office reported.
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In the first three months, overseas shipment of footwear picked up 5.2% and ceramic products up 6.5%.
However, some exports dropped sharply including farm products (down 27.9%); computer, electronic products, and spare parts (down 32.1%); and crude oil (down 36.7%).
In March, export turnover was estimated at US$ 869 million, representing a month-on-month growth of 1.8% and a year-on-year decline of 28.5%.
Two groups of commodities experienced higher export turnovers including footwear and leather products (up 18.4%) and ceramic products (up 5.9%). Export turnovers of ten commodities declined especially petrol (down 59.2%); telephones and spare parts (down 41.4%); agricultural products (down 35.2%).
In the third month, import turnover valued US$ 1.79 billion, down 2% against the previous month and down 34.2% against the same period last year.
Import value of spare parts was US$ 296 million, down 41.5% against the same period last year; petrol with US$ 198 million (down 42.3%); computers, electronic products, and spare parts with US$ 129 million (down 45.2%); transport and spare parts with US$ 114 million (down 43.2%).
In the first three months, import turnover hit US$ 5.8 billion, representing a year-on-year decline of 21.3% of which the domestic sector imported US$ 4.3 billion of goods; the FDI sector imported US$ 1.48 billion.
The city chiefly imported machines and spare parts with US$ 971 million (down 34.1%); petrol with US$ 728 million (down 5%); computers , electronic products, and spare parts with US$ 396 million (down 36.7%); transport and spare parts with US$ 343 million (down 30.1%)./.
By Kim Anh
