Nghe An: Export turnover increased sharply compared to the same period

According to information from the Department of Industry and Trade,export turnoverIn May 2021, it is estimated to reach 114 million USD, an increase of 69.2% over the same period in 2020, bringing the total export turnover in the first 5 months of the year to 574.7 million USD, an increase of 47.2% over the same period last year, reaching 47.9% of the planned target.

Of which, goods export reached 455 million USD, up 49.2%; total foreign currency revenue from tourism services and labor export reached 119.7 million USD, up 10.7% over the same period in 2020.

A business at Do Lang Industrial Park, Nghi Lam Commune (Nghi Loc) produces ladles and spoons for export to the Korean market. Photo: Thu Huyen

Some export items in the first 5 months have had quite good growth, in which the most obvious is the increase in export of processed industrial products.

Specifically: Phone components had a sudden growth of 72.9 million USD, compared to the target of 344 thousand USD in the same period in 2020; Textiles reached 139 million USD, up 34.5%; Wood chips reached 85.3 million USD, up 21.9%; Superfine white limestone powder reached 25.4 million USD, up 70.4%; Seafood reached 13.9 million USD, up 78.2%; Plastic additives reached 12.4 million USD, up 60.9%; Cassava starch reached 10.6 million USD, up 172%; Processed fruits and fruit juices reached 16.2 million USD, up 16.8%; Textile fibers of all kinds reached 6.5 million USD, up 46.7%.

Textile and garment industry still maintains good growth momentum in the context of the pandemic. In photo: Production of export orders to the US and Korean markets... at Venture Garment Factory in Thanh Tien Commune (Thanh Chuong). Photo: Thu Huyen

Besides the increase of some items, there are still some items with export turnover decreasing compared to the same period last year. Typically: Fresh fruit decreased by 88%, rice decreased by 43%. The main reason is that the epidemic situation in the world is still complicated, affecting the demand for import and export of goods and foreign trade; Fresh fruit exporting enterprises are affected by the control of the Covid-19 epidemic at border gates in Laos, Thailand and the northern border gates, causing some items with large turnover to completely stop import and export activities (typically Hop Manh Company, Asean HM).

Regarding rice, although the export turnover decreased, the selling price increased compared to the same period in 2020. The decrease in export turnover was due to the fact that February coincided with the Lunar New Year, combined with the lean season, the winter-spring crop had not yet been harvested, so rice export output decreased, leading to a decrease in export volume compared to the same period.

Unloading goods at Cua Lo Port. Photo: Thu Huyen

Import turnover in May 2021 is estimated at 34.6 million USD, bringing the total import turnover in 5 months to 369.2 million USD, up 11.7% over the same period last year.

Mr. Hoang Minh Tuan - Head of Import and Export Management Department, Department of Industry and Trade said that this year, despite the Covid-19 epidemic, with the efforts of businesses and related departments and branches, export activities still achieved positive growth momentum. To support businesses, recently, the Ministry of Industry and Trade has focused on negotiating free trade agreements, expanding markets for businesses. In the current context, due to the impact of the epidemic, the industry has promoted online trade promotion activities, as well as promoting e-commerce activities, thereby supporting businesses to continue maintaining trade relations with other countries.

Besides, reviewing procedures, especially administrative procedures related to import and export as well as providing information support for businesses is also an extremely important factor.Industry and Trade, customs... need attention.

In 2021, Nghe An set a target of achieving a total export turnover of 1.2 billion USD, an increase of 7.1% compared to 2020, of which, the export turnover of goods reached 910 million USD, an increase of 12.3% compared to 2020; labor and service export reached 290 million USD.