HCM City’s imports and exports soar in Jan-February period

03-Mar-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

HCM City earned nearly $8 billion in export revenue and spent $10.92 billion on imports in the first two months of the year, rising over 25 percent and 53 percent against last year’s figures, respectively, according to the HCM City Department of Statistics.

Without crude oil, the city’s export revenue would amount to $7.6 billion, up over 26 percent year-on-year.

Specifically, in the two-month period, the city exported wood and wooden products worth over $220 million, up over 60 percent versus last year’s figure. The export of machinery, equipment, tools and spare parts fetched $400 million, up 23%; computers, electronics and accessories saw $2.57 billion, up over 11 percent and rice saw $135 million, improving over 5%.

The city’s imports of plastic materials in the year to February surged 52%, fuel products were up by 44 percent and garment-leather-footwear materials by 16%.

Further, China remained HCM City’s largest trade partner. Businesses in the city exported nearly $1.8 billion and purchased some $3.3 billion worth of goods to and from China, up some 31 percent and 78%, respectively, over the figures recorded in the same period last year.

The United States was the second largest importer of the city, followed by Japan and South Korea. Meanwhile, Singapore was the city’s biggest exporter.



Category: Economy, Vietnam

Print This Post

Leave a Reply

You must be logged in to post a comment.