The southern province of Dong Nai earned more than 10.6 billion USD in export revenue. (Photo: dongnai.gov.vn)

Dong Nai (VNA) – The southern province of Dong Nai earned more than 10.6 billion USD in export revenue in the first seven months of 2018, a year-on-year increase of 12.7 percent.

Of the total, the foreign direct investment (FDI) sector contributed 9.1 billion USD. Meanwhile, the non-State and State-owned sectors bagged 1.4 billion USD and 132 million USD, respectively.

The surge in export revenue was spurred by large orders, new export markets and the rise in export prices of some products.

During the period, shipments of footwear fetched 2 billion USD, garment and textiles more than 1.1 billion USD, machines and equipment 776 million USD and computers, electronic products and spare parts 384 million USD.

Major importers of the locality were the US (2.3 billion USD), China (more than 1 billion USD) and Japan (896 million USD). An export upturn was also seen in the Republic of Korea and Germany.

Local coffee, pepper, cashew and rubber experienced a decrease in export revenue due to stagnant demand and large stockpiles. Specifically, each tonne of cashew is currently sold at 9,282 USD, down 12.5 percent, while that of coffee and pepper was 1,803 USD and 3,533 USD, falling 25.2 percent and 41.7 percent.

In the same period, the province splashed out 9 billion USD on imports, up 8.1 percent from the same period last year.

The province enjoyed a 1.6 billion USD trade surplus, accounting for more than 50 percent of the country’s trade surplus during the January-July period.-VNA