Telephone, parts top export list in Q1
Phones and phone parts posted 6.7 billion USD worth of export value
in the first quarter of this year, topping the export list, according to
the General Department of Customs.
Phones and phone parts posted 6.7 billion USD worth of export value
in the first quarter of this year, topping the export list, according to
the General Department of Customs.
Coming second was textile and garment with 4.9 billion USD, followed by computers and electronic products and parts with 3.6 billion USD and footwear with 2.6 billion USD.
The export of industrial commodities was on the rise with higher growth rates than national averages.
However, key agricultural and seafood exports tumbled, including seafood, coffee, rubber and rice (with decreases of over 30 percent), costing the country 500 million USD during the period.
Total export turnover for Q1 stood at 36.3 billion USD, up 2.93 billion USD from the previous year. The foreign-invested sector accounted for 67.5 percent of the national export value.
Meanwhile, the imports were valued at more than 38.7 billion USD, up 20.1 percent compared to the same period of 2014.
The country’s leading imports were machinery, equipment, computers, phones and spare parts.
The statistics showed a trade surplus of 873 million USD in the FDI sector, down 57.3 percent. Meanwhile domestics businesses suffered a trade deficit of 3.27 billion USD, up about four-fold compared to last year.
In the reviewed period, imports from China, mainly machinery and equipment, computer and parts, and steel, reached 11.47 billion USD, bringing the trade deficit with the country to nearly 8 billion USD.-VNA
Coming second was textile and garment with 4.9 billion USD, followed by computers and electronic products and parts with 3.6 billion USD and footwear with 2.6 billion USD.
The export of industrial commodities was on the rise with higher growth rates than national averages.
However, key agricultural and seafood exports tumbled, including seafood, coffee, rubber and rice (with decreases of over 30 percent), costing the country 500 million USD during the period.
Total export turnover for Q1 stood at 36.3 billion USD, up 2.93 billion USD from the previous year. The foreign-invested sector accounted for 67.5 percent of the national export value.
Meanwhile, the imports were valued at more than 38.7 billion USD, up 20.1 percent compared to the same period of 2014.
The country’s leading imports were machinery, equipment, computers, phones and spare parts.
The statistics showed a trade surplus of 873 million USD in the FDI sector, down 57.3 percent. Meanwhile domestics businesses suffered a trade deficit of 3.27 billion USD, up about four-fold compared to last year.
In the reviewed period, imports from China, mainly machinery and equipment, computer and parts, and steel, reached 11.47 billion USD, bringing the trade deficit with the country to nearly 8 billion USD.-VNA
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