Processing Tra fish for export. Photo: L.T

In January, Vietnam's import and export turnover decreased by 17.3% month-on-month and 25% year-on-year.

Accordingly, the export turnover decreased by 13.6% compared with the previous month to US$ 25.08 billion. The turnover of the domestic economic sector FDI sector (including crude oil) fall by 18% and 12% to US$ 6.44 billion and US$18.64 billion, respectively.

The export turnover in the month decreased by 21.3%, of which the domestic economic sector was down 27.1% and the FDI sector (including crude oil) down by 19%.

Seven items reached an export turnover of US$1 billion or more, accounting for 66.6% of the total export turnover.

The import turnover is estimated to decrease by 21.3% to US$ 21.48 billion compared with the month ago. The turnover of the domestic economic and FDI sectors decreases by 26.6% and 18.1% to US$ 26.6% and US$14 billion.

The import turnover decreased by 28.9% in January compared with the same period in 2021.

The U.S. is Vietnam's largest export market, with an estimated turnover of US$ 7.6 billion. On the other hand, China is Vietnam's largest import market, with an estimated turnover of US$8.1 billion.

In January, the trade surplus to the E.U. and Japan is estimated to decrease by 45% and 65.3% to US$1.8 billion and US$100 million, respectively. The trade deficit between China and South Korea falls by 52.6% and 20.9% to US$3.4 billion and US$2.5 billion, respectively. The trade deficit from ASEAN member countries roses by 74.3% to US$ 1.3 billion.