HCM City maintains export growth in 10 months hinh anh 1The export value of agro-forestry-fishery products reached 3.86 billion USD in the first 10 months, up 2.25 percent, making up 12.22 percent of the southern economic hub’s total export turnover. (Photo: VNA)

HCM City  (VNA) –
Ho Chi Minh City exported 36.7 billion USD worth of goods during the first 10 months of 2020, up 5.5 percent year-on-year, the municipal Department of Industry and Trade has reported.

Excluding crude oil, the revenue stood at 35.2 billion USD in the period, a rise of 7.1 percent from the corresponding time last year.

The export value of agro-forestry-fishery products reached 3.86 billion USD, up 2.25 percent, making up 12.22 percent of the southern economic hub’s total export turnover.

The group of industrial products raked in 25.22 billion USD in revenue, and other goods earned 2.55 billion USD, the department said.

China remained HCM City’s biggest buyer with revenue of 6.23 billion USD, a year-on-year increase of around 31.9 percent, accounting for 20.4 percent of the city’s accumulative export value.

It was followed by the US (5.47 billion USD), the EU (4.1 billion USD) and Japan (2.5 billion USD).

Regionally, Asia was the city’s largest export market to which 19.3 billion USD worth of goods was shipped. Meanwhile, the Oceania and Africa joined the below- one-billion-USD club.

According to a recent survey by the city’s Statistics Office, half of the enterprises in HCM City affected by the pandemic thought the consumer market has shrunk, and 15.3 percent said manufactured goods could not be sold domestically.

More than half of State-owned enterprises and 48.45 percent of foreign-owned enterprises said they have been unable to export this year.

The Department of Industry and Trade is working with the Statistics Office and other agencies to monitor the production and demand situation to take measures to support businesses during the rest of the year./.
VNA