Hanoi recorded a 15.3 percent rise in textile and garment exports in the first 11 months

Hanoi (VNA) – Hanoi recorded the third straight month of export increase in November, following a consecutive decline from May to August, according to the municipal Department of Industry and Trade.

The capital city’s 11-month overseas shipments rose by 3.1 percent from the same period last year to 10.2 billion USD, compared to the respective figures for the 10 and nine first months of 1.5 percent and 0.2 percent, the department said.

As much as 5.05 billion USD worth of goods was sold abroad by foreign invested companies through November, representing 49.5 percent of Hanoi’s total export revenue and an annual hike of 3.8 percent.

Key commodities posted rapid export growth rates during the period included textile and garments (15.3 percent) thanks to boosted shipments to the US (up 28.6 percent) and Japan (9 percent).

Meanwhile, the overseas sales of electronic components and peripheral devices climbed 2.2 percent due to soared shipments to Hong Kong (23.8 percent), the US (23.1 percent) and Japan (6 percent).

A 6 percent augmentation was seen in the shipment of agricultural products, which suffered from considerable declines in the first eight months. The rise was attributable to a 35 percent surge in the pepper and cashew exports, making up for the unrecovered overseas sales of staple goods like rice, tea and coffee.

In the 11 months, fair growth pace was also reported in footwear and leather goods (9.2 percent), and glass and glass products (8 percent) due to a rise in import demand from the Chinese and US markets.-VNA