Thailand
Three commodities dominate Vietnam’s exports in January
The Hanoitimes – During the first 15 days of 2018, Vietnam’s total export value reached US$9,257 billion while imports amounted to US$9.56 billion, according to the General Department of Vietnam Customs’ latest statistics.
Three commodity groups with export value of US$1 billion or above dominated the list. Textiles and garments reached nearly US$1,108 billion, up by US$128 million over the same period in 2017; computers, electronic products and components hit US$1,071 billion, up by US$236 million; and the phones and components group remained on top with US$2,11 billion, increasing by US$783 million compared to the first 15 days of 2017.
Other key export items such as shoes, sandals, wooden; seafood; machinery and equipment also witnessed substantial growth against the same period in 2017.
By January 15, 2018, Vietnam’s excess of imports hit US$303 million. Nonetheless, economists believe this is an ordinary trend as enterprises increase imports of consumer goods for the Lunar New Year, Compared to last year, this year’s Lunar New Year comes 20 days later.
Vietnam maintained a trade surplus of about US$2.7 billion in 2017, the same figure as 2016, according to the General Statistics Office (GSO).
The country’s total trade value in 2017 was estimated at nearly US$425 billion, with the value of exports reaching US$213.77 billion, a year-on-year increase of 21%, higher than the annual growth rate of 9% in export value in 2016. Meanwhile, the value of imports in 2017 hit US$211.1 billion, 20.8% higher than 2016.
Phones and phone parts were Vietnam’s biggest export earner last year with about US$39 billion in value, trailed by garments and textiles (US$25 billion) and electronics, computers, and accessories (US$22 billion).
By January 15, 2018, Vietnam’s excess of imports hit US$303 million. Nonetheless, economists believe this is an ordinary trend as enterprises increase imports of consumer goods for the Lunar New Year, Compared to last year, this year’s Lunar New Year comes 20 days later.
Vietnam maintained a trade surplus of about US$2.7 billion in 2017, the same figure as 2016, according to the General Statistics Office (GSO).
The country’s total trade value in 2017 was estimated at nearly US$425 billion, with the value of exports reaching US$213.77 billion, a year-on-year increase of 21%, higher than the annual growth rate of 9% in export value in 2016. Meanwhile, the value of imports in 2017 hit US$211.1 billion, 20.8% higher than 2016.
Phones and phone parts were Vietnam’s biggest export earner last year with about US$39 billion in value, trailed by garments and textiles (US$25 billion) and electronics, computers, and accessories (US$22 billion).
Source: http://www.hanoitimes.vn/economy/trade-service/2018/01/81E0C104/three-commodities-dominate-vietnam-s-exports-in-january/