GSO reports an increase in export in February

General Statistic Office (GSO) reported that Vietnam’s export turnover in February was US$4.3 billion, up US$600 million from January and growing 13% year-on-year.

Export growth of agricultural products including vegetables, cashew, coffee, pepper and rice was equal to the previous year’s figures. Especially, rice export doubled to 919,000 tonnes worth US$399 million after first two months of this year, of which 650,000 tonnes of rice with a total value of US$290 million were shipped in February

Notably, the export turnover of the precious metal and gemstone jumped from US$13 million in last February to US$800 million for this month. generally, in the period of Jan-February 2009, the key exports brought in a total of US$939 million, jumping over 3,152% y-o-y and as wholesalers of pieced gold were granted an export quota of 10 tonnes by the State Bank of Vietnam. The gold traders can earn US$300 million if they are able to achieve the export output

Most of the remaining export items continued declining in Jan-February Crude oil export gained US$500 million, much lower than the last February’s US$790 million while the turnover of apparel export stood at US$550 million only, a year-on-year decrease of 100 million.

February’s export turnover increased by over US$1 billion month on month to US$4.4 billion. However, compared with February 2008, this year’s export turnover was down US$1.4 billion.

Regarding imports, Vietnam imported 2,600 CBUs worth US$57 million in Jan-Feb, down 25% in output and 27% in value from 2008. The steel billet import also tumbled 27% in volume and 18% in value.

 

Category: Economy