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.
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
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