According to the Department of Industry and Trade, from the beginning of the year, the province has 4 main imported items that have fallen sharply: machinery, equipment, tools and spare parts; food for cattle and ingredients; corn; rubber. In the 4 months of 2022, the import turnover of animal feed and raw materials alone was more than US$232 million, down over 40% compared to the same period last year.
The reason for the sharp decline in imports is that businesses can find an alternative source of domestic raw materials, so they reduce imports. In addition, due to the recent increase in raw materials and transportation costs, many businesses still have inventories, so they continue to produce and wait for the world market to stabilize and goods to decrease before signing contracts to order huge volume of goods. Enterprises in Dong Nai mostly import raw materials and accessories for production and buy modern machinery and equipment to install new production lines or replace old machines to increase productivity and quality to expand exports.
Vi Quan
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