September 25, 2018 18:30

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One more commodity group become “billion USD” in the first quarter of 2018

10:28 | 14/04/2018

VCN - Compared to the first quarter of 2017, there is one more new commodity group that has achieved $1 billion or more, that brings the total number of “billion USD” export items up to 11.

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Chart of turnover of 11 “billion USD” commodity groups between 2018 and 2017 (by the end of quarter 1). Sketched by T.Bình

Two new categories worth $US 1 billion in the first quarter included cameras, camcorders and components reaching $US 1.05 billion, which increased by $US 310 million over the same period last year; The second largest group is steel products that reached $US 1.04 billion, increased by $US 380 million.

The major export markets for iron and steel is Cambodia, that reached nearly $US 180 million (at the end of first quarter); USA was $US 179 million; Indonesia with $US 155 million; Malaysia $US 120 million... Meanwhile, the largest export market of cameras, camcorders and components is China with turnover of more than $US 504 million, followed by Hong Kong with nearly $US 280 million; South Korea is $US 92 million; Japan is nearly $US 41 million...

Overall, in the first quarter of the year, the 11 key export categories have strong growth compared to the same period last year. Only coffee has a slight increase which rose by 0.1% compared with the same period last year and achieved $US 1.028 billion.

Among big exported commodities groups, the items with the biggest increase was telephone and accessories with an increase of nearly $US 4.5 billion; while other groups increased from a few hundred to nearly $US 1 billion over the same period of 2017.

With a total value of $US 41.348 billion, the 11 key export items accounted for 74.4% of total export turnover of the country in the first quarter of 2018.

By Thái Bình/Thanh Thuy