Nghe An: In 2022, total export turnover is estimated to reach 2.52 billion USD

According to information from the Department of Industry and Trade, total export turnover in 2022 is estimated to reach 2.52 billion USD, up 3.7% over the same period last year, exceeding the annual plan by 7.2%. Of which, goods export is estimated to reach 2.17 billion USD, up 2.6% over 2021, exceeding the annual plan by 8.4%.

Many items grew compared to the same period in 2021 such as phone components (up 35.4%), textiles (up 19.6%), electric wires and cables (up 219.5%), processed fruits and fruit juices (up 17%), superfine white limestone powder (up 17.3%), wood pellets (up 320%), all kinds of footwear (up 531%),...

Hoa Sen Steel Products (Dong Hoi Industrial Park, Hoang Mai) of Hoa Sen Group Joint Stock Company. Photo: Thu Huyen

In 2022, the export market will be expanded in the direction of diversification and effective use of markets with FTAs ​​that Vietnam has signed. Nghe An enterprises have exported to more than 127 countries and territories around the world, in which goods are mainly exported to major markets such as: China (accounting for 24.6% of total export turnover), South Korea (accounting for 13%), Hong Kong (accounting for 11.3%), Taiwan (accounting for 7.8%), the United States (accounting for 11.3%), etc.

Some new export markets this year include: Sao Tome and Principe, Costa Rica, Equatorial Guinea, Niger, Djibouti, Palau, New Caledonia, Armenia, Comoros, Vanuatu, Republic of Congo, Palau...

Nghe An's export turnover in 2022. Graphics: Huu Quan

There are over 340 enterprises in the province (including about 200 domestic enterprises and 140 foreign enterprises participating in exporting goods of Nghe An province). According to statistics, there are 11 enterprises with turnover of over 30 million USD, 22 enterprises with turnover of over 20 million USD.

Some typical enterprises have participated in regular export activities and achieved a good turnover (over 30 million USD), specifically: Hoa Sen Group Joint Stock Company, Thanh Thanh Dat Company Limited, Merry & Luxshare Vietnam Company Limited and LUXSHARE - ICT (Nghe An), Minh Anh - Do Luong Garment Joint Stock Company, Minh Anh - Kim Lien Garment, Kido Vinh Company Limited, Em - Tech Vietnam Company Limited in Nghe An.

Despite many difficulties, this year, Nghe An's textile and garment export turnover increased by nearly 20%. Photo: Thu Huyen

Import turnover in 2022 is estimated to reach 1.2 billion USD, up 20% over the same period in 2021.

The main imported goods are textile and garment raw materials, footwear, electronic components, petroleum, machinery, equipment, steel of all kinds, other raw materials for production, etc. Import activities have increased thanks to the expansion of production sectors, businesses seek to import goods, raw materials, supplies, and components as inputs to ensure stable production.

In 2022, Nghe An enterprises imported from about 60 countries and territories around the world; in which the main markets include: China, Korea, Hong Kong, Singapore, Taiwan, Japan, ...

Ships "pick up goods" at Cua Lo port. Photo: Thu Huyen

The Department of Industry and Trade stated that recent import-export results are proof that businesses have been making good use of free trade agreements.

Sharing about the export results in recent times, Director of the Department of Industry and Trade - Mr. Pham Van Hoa said that, in addition to implementing the tasks of the Project "Export Development in Nghe An for the period 2021-2025" after being approved, it is to make good use of free trade agreements. Free trade agreements are gradually being implemented more comprehensively and effectively. In particular, the agreements: CPTPP, EVFTA, UKVTA... continue to create conditions for Vietnamese goods to penetrate partner markets with preferential tariffs, thereby promoting strong export growth in the coming time. Export prices are also on an upward trend, which is an important driving force to increase export value. Along with that are the efforts of enterprises in finding new export partners, finding new export markets...