Tuesday, July 16,2019 - 1:22 GMT+7  Việt Nam EngLish 

Vietnam’s export details in first quarter of 2019 

 Wednesday, April 17,2019

AsemconnectVietnam - Vietnam’s exports of goods in March reached 22.78 billion USD, an increase of 63.8 per cent, equivalent to 8.87 billion USD compared to February of 2019.

According to the latest figures of the General Department of Customs, the country’s total export value in the first quarter reached 58.86 billion USD, up 5.3 per cent, equivalent to an increase of 2.96 billion USD over the same period last year.
In which, strong growth items were: computers, electronic products and components - increased by 719 million USD, equivalent to an increase of 11.3 per cent; textiles and garments - increased by USD 685 million, or 10.6 per cent; footwear of all types - increased by 485 million USD, or 14.1 per cent; wood and wood products - increased by 316 million USD, or 16.2 per cent.

The exports of several leading items in the first quarter of this year were as follows:
The exports of mobile phones and components: In the first quarter of this year, the country’s exports of mobile phones and components reached 12.12 billion USD, down by 3.6 per cent compared to the same period in 2018.

Vietnam exported mobile phones and components mainly to EU (28 countries), the United States, South Korea ... In which the US market achieved the highest increase of 87.2 per cent while the exports to EU fell by 3 per cent.
Although the country’s March exports of phones reached 5.39 billion USD, increased by 2.3 per cent compared to March of 2018 and by 74.7 per cent compared to March 2017, the exports of that group of items saw decrease in the first quarter of this year.

Meanwhile, the exports of textiles and garments reached 7.13 billion USD, up by 10.6 per cent compared to the first quarter of 2018.
In the first quarter, the United States remained the largest textile and garment export market of Vietnam with a value of 3.26 billion USD, up by 9.9 per cent over the same period last year and accounted for 46.7 per cent of country’s total export turnover from textiles and garments. The next ones were Japan and EU markets, etc.
The exports of computers and electronic products and components reached 7.06 billion USD, up by 11.3 per cent over the same period in 2018.

The leading export markets of computers, electronic products and components were China, EU, USA, and South Korea. The United States was also the market with the highest growth rate in this group with an increase of 52.8 per cent compared to the same period in 2018.
The exports of group of agricultural products (vegetables, cashew nuts, pepper; tea; coffee; rice; cassava and cassava products; rubber) reached 3.99 billion USD, down by 11.1 per cent over the same period last year.

The exports to all largest export markets of this product group decreased.
Specifically, China was still the largest agricultural export market of Vietnam in the first 3 months of 2019 but the country’s exports of agricultural products to China turnover were down by 12.7 per cent compared to the same period of 2018; while the exports to EU also decreased by 9.17 per cent; and to the United States decreased by 19.5 per cent.

The country’s exports of machines, equipment, tools and spare parts reached 3.98 billion USD, up by 7.5 per cent over the same period last year.
Major export markets of machines, equipment, tools and spare parts include the United States, EU, Japan, South Korea ... In which the largest market was the United States and it was also the country with impressive growth rate up to 61 per cent in export turnover in the period.

Also in the first quarter of this year, the country’s exports of footwear of all kinds reached 3.93 billion USD, up by 14.1per cent compared to the same period of 2018. EU and the U.S were the country’s 2 largest export markets of footwear.
The country’s exports of footwear of all kinds to those 2 main markets reached 2.47 billion USD, accounting for 62.9 per cent of the total export turnover of this group of the whole country.

The exports of wood and wood products reached 2.27 billion USD, up by 16.2 per cent over the same period last year. The country’s leading export markets were the United States, Japan, and China.

The exports of means of transport and spare parts reached 2.16 billion USD, up by 5.7 per cent compared to the same period of 2018. The main export markets include: Japan and the United States, notably the Singapore market achieved a growth up to 95.9 per cent
In the first quarter, the country’s exports of seafood products reached 1.79 billion USD, up by 1.6 per cent compared to the same period of 2018. This was the largest export product group in the field of agriculture.

The main export seafood in the first quarter were Japan, US, EU, China ... While exports to Japan and the United States saw a good increase, the exports to EU and China saw some difficulties with the decrease of 10.2 per cent and 2.2 per cent, respectively.
The turnover from iron and steel exports reached 1.77 million tons, worth of 1.13 billion USD, up by 24.2 per cent in volume and 9.3 per cent in value over the same period of 2018.

In the first quarter, all kinds of iron and steel were mainly exported to Cambodia, Indonesia, Malaysia and the US.
The last major export product group mentioned by the General Department of Customs was cameras, camcorders and components with a turnover of 1.07 billion USD, up by 1.5 per cent compared to the same period last year.

The main export markets of cameras, camcorders and components in the first quarter were China and Hong Kong (CN).
If the export market is divided by countries and territories, it can be seen that the largest export market of Vietnam in the first quarter of this year were the United States and some Asian countries such as China, Japan and Korea.
The above results showed that the exports of key product groups prospered in the United States, while many commodity groups had difficulties in China or the EU.
CK
Source: baohaiquan.vn

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