Phones, components lead VN exports
PHONES and components lead in Vietnam’s export turnover in the first nine months of this year, with a value of $38.6 billion, marking a yearon-year increase of 5.1 per cent and accounting for 19.9 per cent of total exports.
General Statistics Office (GSO) director-general Nguyen Bich Lam said phones and components achieved the highest value among the country’s top five export goods with turnovers of more than $10 billion each, which include electronics, computers and components ($25.4 billion), textiles and garments ($24.8 billion), footwear ($13.3 billion) and machinery and spare parts ($12.9 billion).
“The top five goods accounted for 59.2 per cent of the country’s total export value, which reached $194.3 billion in the January-September period, up 8.2 per cent year-on-year,” said Lam.
He said the US was Vietnam’s largest export market during the period with a value of $44.9 billion, up 28.2 per cent compared with the same period last year. It was followed by the EU with $31.1 billion, China with $27.8 billion, Asean with $19.4 billion, Japan with $15.1 billion and South Korea with $14.5 billion.
In the first nine months of this year, the country’s export turnover reached $194.3 billion, up 8.2 per cent over the same period last year, meanwhile, the import turnover is estimated at $188.42 billion, up 8.9 per cent – resulting in a trade surplus of nearly $6 billion.
China remained the largest import market of Vietnam with a turnover of $55.5 billion, up 17.3 per cent year-on-year. It was followed by the South Korean market with $35.4 billion, up one per cent, Asean market reached $24.1 billion, up 3.8 per cent, and Japan reached $14.1 billion, up 1.8 per cent.
The GSO statistics show that there were 32 import items reaching turnover of over $1 billion each, accounting for 88.8 per cent of total import turnover. Of which, electronics, computers and components increased by 23 per cent to $38.6 billion, and machinery, equipment, tools and spare parts reached $27.1 billion, up 13.1 per cent.
Agro-forestry-fishery exports
Vietnam witnessed an increase of 2.7 per cent to $30.02 billion in the export value of agro-forestry-fishery products during the period, a report from the Ministry of Agriculture and Rural Development shows.
The nine-month export growth was mainly driven by forestry products that reached $7.93 billion, up 18 per cent, and livestock $530 million, up 8.6 per cent.
Productswithexportturnover of more than $2 billion include wood and timber products, coffee, rice, cashew nut, vegetables and fruit, and shrimp.
Meanwhile, t he countr y spent $23.16 billion on agroforestr y-fisher y imports, down 1.2 per cent from the same period last year.