Industrial Cluster: Vietnam'S Textile And Garment Export Increased By 24.2% In January 2022

Vietnam's "Vietnam economy" website reported on February 11: Vietnam's Ministry of industry and Trade said in January 2022, affected by the Spring Festival holiday, Vietnam's goods exports in January 2022 were about 29 billion US dollars, down 16.2% month on month and only 1.6% higher than the same period last year.

According to the report, in January 2022, Vietnam's domestic enterprises exported US $8.2 billion, down 16.9% month on month and up 20.1% year-on-year; Foreign investment (including crude oil) exports were 20.8 billion US dollars, down 3.9% month on month and 4.2% year-on-year. The export value of seven kinds of commodities exceeded 1 billion US dollars, accounting for 63.3% of the total exports. Among them, the export of mobile phones and parts was up to US $4 billion, accounting for 13.8% of the total export volume, with a year-on-year decrease of 34.4%; The export of computers, electronic products and spare parts was 3.5 billion US dollars, down 10.2% year on year; The export of textile and clothing products was 3.3 billion US dollars, up 24.2% year on year.

In terms of imports, in January 2022, Vietnam imported 29.5 billion US dollars of goods, an increase of 11.5% year-on-year and a decrease of 6.7% month on month. Among them, domestic enterprises imported US $10 billion, down 4.3% month on month and increased by 12.8% year on year; The import of FDI enterprises was US $19.5 billion, down 8% month on month and up 10.8% year on year. The import volume of the four commodities exceeded 1 billion US dollars, accounting for 50.6% of the total imports. Among them, imports of computers, electronic products and spare parts amounted to 6.8 billion US dollars, down 7.4% month on month; Imports of mechanical equipment, tools and spare parts amounted to US $3.8 billion, down 5% month on month; Imports of various types of mobile phones and parts reached US $2 billion, down 12% month on month.

(source: website of the Ministry of Commerce)