Eight export commodity groups enjoy turnover of over $1bil in Q1

08-Apr-2020 Intellasia | VOV | 6:02 AM Print This Post

Eight export commodity categories recorded a turnover of over $1 billion between the start of the year and mid-March, with one group making over $10 billion, according to the latest information released by the general Department of Vietnam Customs.

The country’s total export turnover from the beginning of the year to March 15 enjoyed a surge of 6.8 percent to $50.294 billion on-year.

A total of eight commodity groups significantly contributed to the positive results, including aquatic products, timber and wooden products, textile, footwear, computers, electronic products and components, phones and components, machinery, equipment, tools and spare parts, along with transport.

With a total turnover of approximately $35.54 billion, the mentioned groups alone contributed 70.5 percent to total export turnover throughout the reviewed period.

Most notably, the country even recorded its first group of export commodities earning over $10 billion in revenue by March 15. In contrast, last year’s corresponding period saw no category achieve such strong results.

Telephones and accessories were the first commodity group grossing a turnover of over $10.2 billion, a year-on-year increase of roughly 8.5%.

By the end of February, the phone and component group had also contributed over 20 percent to the country’s total export turnover.

The category’s main export markets remain the United States, the European Union, China, and the Republic of Korea.



Category: Economy, Vietnam

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