Thang Long - Hanoi

Exports to Japan, China soar
09/06/2012 | 15:31:31
EMAIL PRINT Bookmark and Share SHARE Font Size A A A
Vietnam 's export turnover to major markets of Japan and China sharply surged in the first five months of this year, thanks to the price hike of many products and higher demands in these markets, according to the Ministry of Industry and Trade.

The ministry said that average export prices of many products tended to rise significantly in the past months. Those of iron ore and other minerals surged more than 230 percent, pepper 24 percent, crude oil 10.3 percent and plastic materials 7.5 percent.

The ministry reported that export value to Japan reached 5.5 billion USD, up 48.1 percent over the same period last year. Crude oil exports topped the list with an earning of 1.11 billion USD, a rise of more than 110 percent year-on-year. Seafood and footwear followed with 370 million USD and 150 million USD, up 22.and 42.1 percent, respectively.

Export to Japan is expected to reach 1.2 billion USD this month, raising the total export turnover to the market in the first half of the year to 6.7 billion USD. This year's export turnover to Japan is estimated at roughly 14 billion USD.

The ministry also reported that export earnings to China in the first five months rose nearly 30 percent against the same period last year. Computer and electronic parts contributed the most with 684.7 million USD, up 221.5 percent year-on-year.

The structure of export staples to the Chinese market during this period is not different from previous years. Agricultural, forestry and seafood products represented 35-40 percent of Vietnam 's total export turnover to China . Export value of minerals and energy accounted for 25 percent while industrial and processing products made up 20 percent.-VNA
COMMENTS
Your comments will be likely edited before publishing
Fullname
(*)  
Email
(*) 
Content
(*)
   
Revised investment and enterprise laws passed
NA deputies passed the draft revised Law on Investment and the revised Enterprise Law on Nov 26.
Vietjet Air signs $300m deal for engine maintenance
Vietjet Air has signed a 300 million USD engine maintenance deal with CFM International.
Vietnam, Russia prioritise energy cooperation
Vietnam and Russia emphasised the priority to develop cooperation in energy.
CLV summit affirms resolve to enhance links
Measures agreed at 8th Cambodia-Laos-Vietnam summit will allow broader economic connections to be made.
Airbus A350 XMB performs demo flight in VN
Airbus A350 XWB performed a demo flight in Hanoi on Nov. 22 as part of its 11-day tour around Asia.
VN in Asia’s top nations for manufacturing
Vietnam topped the list of 20 countries awarded Asia’s Most Attractive Nation for Manufacturing.
Citizen Identification, Civil Status Laws passed
NA deputies passed the Law on Citizen Identification and the Law on Civil Status on Nov. 20.
PM responds to NA deputies’ queries
The PM laid out measures to deal with public debt in his address to lawmakers in Hanoi on Nov. 19.

EMAIL PRINT Bookmark and Share SHARE Font Size A A A
Other websites:
Partners: