Vietnam seaports face cargo slump in Jan-May 2023

23 Jun '23

2 min read

Pic: KernelNguyen / Shutterstock.com

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Vietnam's seaport cargo volume declined 3 per cent year-on-year (YoY) to 296.1 million tonnes in the first five months of 2023, according to the Vietnam Maritime Administration.
The decrease affects the country's exports, imports, and domestically transported goods.
Predictions for the first half of 2023 suggest a continuation of this downward trend.

In the first five months of 2023, Vietnam's seaports experienced a dip in cargo transportation, according to the Vietnam Maritime Administration. The total cargo volume during this period reached 296.1 million tonnes, marking a 3 per cent decline compared to the same time frame last year.

The downtrend has been evident across various types of goods, with export volumes falling 7 per cent to over 71.7 million tonnes, and imports dropping 3 per cent, nearing 84.4 million tonnes. In addition, the volume of domestically transported goods was nearly 140 million tonnes, while transited cargo accounted for 681,000 tonnes.

Furthermore, the volume of container cargo transported through seaports within the period also fell by 8 per cent year on year, totalling 9.71 million TEUs. In May alone, domestic seaports handled over 63.3 million tonnes of goods and 2.07 million TEUs of container cargo, representing a year-on-year decrease of 3 per cent and 7 per cent respectively, as per the data by Vietnam Maritime Administration.

Despite the overall decrease, the Vietnam Maritime Administration's estimates for the first six months of 2023 indicate a continued drop in total cargo volume by 3 per cent to about 359.46 million tonnes. Moreover, container cargo is projected to fall 7 per cent year on year to reach 11,792 million TEUs.

Fibre2Fashion News Desk (DP)

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