Analyst Pin-board Trade performance remained positive in Apr 2022
- Trade performance remained positive in Apr
- Exports of key products continued to be steady.
- China's zero-Covid policy exposed more risks to Vietnam in terms of imports.
Trade performance remained positive in Apr 2022
Despite heightening external risks, Vietnam's export activities still maintained growth momentum in Apr 2022. Total export turnover reached US$33.3 bn, down 4.0% mom but increased by 25.2% yoy. The FDI and domestic sectors recorded an increase of 24.5% and 27.0% respectively over the same period. In Jan-Apr 2022 period, Vietnam's exports reached US$122.5 bn, up 16.5% yoy. Meanwhile, the total import turnover reached US$32.5 bn, down 0.6% mom but up 16.1% yoy. Imports of the FDI and domestic sectors grew by 18.3% and 12.3% yoy, respectively. In 4M22, Vietnam's imports reached approximately US$120.0 bn, up 15.3% yoy. Trade performance in Vietnam remained robust, the trade surplus is estimated at US$849 mn in Apr 2022. As a result, the trade surplus reached US$2.3 bn in Jan-Apr 2022 period, 65.0% higher than the same period of last year.
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