June 04, 2020 04:22

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Exports of Vietnamese phones and ‘billion-dollar’ commodity groups

11:05 | 19/06/2019

VCN - By the end of May, the country’s total exports reached over US$101 billion, up 7.1%, equivalent to US$6.7 billion, over the same period in 2018.

exports of vietnamese phones and billion dollar commodity groups Exports exceed US$101 billion
exports of vietnamese phones and billion dollar commodity groups Fruit and vegetable export: Beside acceleration is worrying
exports of vietnamese phones and billion dollar commodity groups Exports up 7.1 per cent in five-month period
exports of vietnamese phones and billion dollar commodity groups
Turnover of 3 commodity groups with the sharpest growth. Chart: T. Binh

The major export commodity groups with the sharpest growth are computers, electronic products and components increasing by US$1.45 billion, corresponding to an increase of 13.1%; textiles and garments increasing by US$1.26 billion, corresponding to an increase of 11.5%; footwear increasing US$864 million, corresponding to an increase of 13.8%; wood and wood products increasing by US$636 million, corresponding to an increase of 18.8% .

However, in terms of turnover, phones and components still maintained the first rank in exports with US$19.72 billion, up by 2.2%.

The main export markets were the EU with US$5.27 billion, down 6.5%; the US with US$3.77 billion, up 91.7%; and South Korea with US$2.04 billion, up 7.6%.

Computers and electronic products and accessories surpassed textile and garment products to rank second with a turnover of US$12.55 billion, up 13.1%.

Exports of computers, electronic products and components to China gained US$3.19 billion, up 3.9% over the same period last year; the EU market gained US$2.05 billion, down 1.5%; the US market gained US$1.78 billion, up by 71.6%; the South Korean market gained US$1.16 billion, up 3.7%.

Textile and garment exports reached US$12.19 billion, up 11.5%.

In the first five months, the US continued to be the largest export market of this group with a value of US$5.7 billion, up 11.1%; followed by the Japanese market with US$1.46 billion, up 5%; and the EU market with US$1.56 billion, up 7.5%.

In terms of agricultural product exports (including vegetables, cashew nuts, pepper, tea, coffee, rice, cassava and cassava products, rubber), the General Department of Customs recorded a turnover of US$7.02 billion, down 10.2% compared to the same period last year.

China was Vietnam’s largest agricultural import market with a turnover of US$2.48 billion, down 9.7% compared to the same period last year.

Exports of machinery, equipment, tools and other spare parts reached US$6.82 billion, up 6.7%. Major importers were the US, the EU, Japan and South Korea.

Footwear exports reached US$7.11 billion, up 13.8%. The EU and the US were the two largest export markets with a turnover and a growth of US$2 billion (up 9.8%) and US$2.61 billion (up 13.3%), respectively.

Overall, the export value of footwear to the two main markets reached US$4.61 billion, accounting for 64.9% of the country’s total export turnover.

Wood and wood products reached US$4.02 billion, up 18.8%. The main export markets were the US, Japan and China.

Export vehicles and spare parts reached US$3.58 billion, up 4.7%. The main export markets were Japan, the US and Singapore.

Export seafood products reached US$3.18 billion, down by 0.7%. The major export markets were Japan, the US, the EU and China.

exports of vietnamese phones and billion dollar commodity groups Garment-textile, fruit-vegetable exports surge

Vietnam’s total garment-textile export turnover was estimated at 14.5 billion USD in the first five months of ...

Exports of iron and steel of all kinds reached US$1.89 billion, up 24.4% in volume and 7.6% in value. The main export markets were Cambodia, Indonesia, Malaysia and the US.

Cameras, camcorders and components saw an export value of US$1.83 billion, up 8.5%, with major export markets including China, Hong Kong and India.

By Thai Binh/ Huyen Trang