Specifically, the province exported nearly 10.9 billion USD worth of goods during the January-May period, up 14% from the previous year, with major exports being coffee, pepper, garments, machinery, computers and electronic parts.
The main markets for Dong Nai’s exports are the United States, Japan, the Republic of Korea, Belgium and Germany.
On the opposite side, the province imported 8 billion USD worth of goods, including chemicals, plastic materials, raw materials for the garment and footwear industries, and iron and steel products.
Key sources of imports are China, the Republic of Korea and Japan.
It is projected that Dong Nai will record a trade surplus of 7 billion USD this year, thanks to expected increases in export activity over the coming months.
The province’s industrial production has seen a marked recovery since the start of this year, as the index of industrial output over the first five months of 2022 was up nearly 7% over the same period last year.
However, pledges of foreign direct investment during the January-May period fell sharply to 287 million USD, equivalent to just 39% of last year’s figures.
The sharp fall is attributed to the fact that industrial parks in Dong Nai are running out of land for lease, while many foreign-invested firms need large areas to build their factories.
