Top 26 commodities see exports exceed $1 bn in 9 months

02-Oct-2018 Intellasia | VOV | 6:00 AM Print This Post

Twenty-six of Vietnam’s export commodities brought in more than $1 billion in export value over the past nine months, making up 90.3 percent of the country’s total export revenue, according to the general Statistical Office (GSO).

In the 9-month period, Vietnam fetched $178.91 billion in export revenue, up 15.4 percent compared to the same period last year, with the export value of commodities in the third quarter reaching $64.73 billion, up 13.9 percent.

GSO director Nguyen Bich Lam said that the domestic sector earned $51.07 billion, up 15.5 percent, while the FDI sector raked in $127.84 billion, up 14.6 percent, noting that five commodities grossed a revenue of more than $10 billion, accounting for 58.2 percent of the total export value.

Some key export commodities continued to report strong growth over last year’s corresponding period, such as telephones and components, garment and textiles, electronic products, computers and components, equipment and machines, tools, footwear, wood and wooden products, vehicles and spare parts.

Lam pointed out that the export proportion of some key commodities belonged to FDI sector. In addition, some farm and seafood products also saw good growth such as aquatic products, fruit and vegetables and rice.

The import value of commodities in the reviewed period also surged 11.8 percent to $173.52 billion, with 30 items exceeding $1 billion, making up 87.5 percent of total import value.

Key import items with high import value include electronics, computers and components, equipment and machinery, telephones and components, fabric, iron, steel, plastics, oil and gas, metal, footwear, chemicals, and garment and textile materials.

Vietnam recorded a trade surplus of $5.39 billion in the nine months, with the domestic sector and FDI sector (including crude oil) enjoying a trade surplus of $18.26 billion and $23.65 billion, respectively.


Category: Economy, Vietnam

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