In the first two months of this year, Vietnam's exports of only 9 categories of products achieved positive growth year on year

The General Administration of Customs of Vietnam recently released the export data of major commodities in the first two months of 2023. Among the 46 major export products, only 9 products achieved positive growth year on year. Among them, the export of gasoline products increased by 18.5% compared with the same period last year; Next were fruits and vegetables, up 12.4% year on year, and wires and cables up 9.6%. The export growth of the other six categories of products was less than 6%, including vehicles and spare parts, mobile phones and spare parts, toys, sports equipment and spare parts, chemicals, crude oil and rice. In terms of export volume, mobile phones and components ranked the first with US $9.2 billion, up 5.2% from the same period last year.

In the first two months of this year, the exports of products with a large decline include: textile yarn, down 38.4% from the same period last year, non-wooden furniture down 34.1%, wood and wood products down 31.8%, aquatic products down 29.1%, rubber down 28.3%, steel down 25.7%, chemicals down 24%, plastic products down 20.5%, textiles down 19.6%, textiles, leather, footwear raw and auxiliary materials down 16.6%, shoes down 16%, bags, purses, luggage Hats and umbrellas decreased by 15.3%, steel products decreased by 11.5%, computers, electronic products and parts decreased by 10.9%, coffee decreased by 9.5%, cameras, cameras and parts decreased by 8.5%, cashew nuts decreased by 7.4%, other base metals and related products decreased by 6.9%, and mechanical equipment and parts decreased by 3.5%.

According to the report, in the first two months of this year, the total value of Vietnam's exports fell by 10.4% compared with the same period last year. In addition, the industrial production is weakening, and the healthy operation of the economy is facing great challenges. In fact, since the fourth quarter of 2022, Vietnam's exports of textile, leather, wood, machinery and other products have shown a downward trend. In addition, the United States is Vietnam's largest export market for a variety of products, and its economic recession risk will make Vietnam's foreign trade export situation more difficult.