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Exports in four months of 2019: 16 items reached over 1 billion USD in turnover 

 Thursday, May 23,2019

AsemconnectVietnam - Vietnam’s total export turnover was estimated at 78.76 billion USD in the first 4 months of 2019, up by 5.8 per cent year – on - year, showed the statistics figures of the General Department of Customs.

Of the figure, the exports of domestic economic sector reached 23.33 billion USD, up by 10.5 per cent and accounted for 29.6 per cent of the total export turnover; the export turnover of the foreign invested sector (including crude oil) reached 55.43 billion USD, up by 4 per cent and accounted for 70.4 per cent (proportion decreased 1.2 percentage points compared to the same period last year).

Vietnam’s exports in the recent months
In the first 4 months of this year, there were 16 items with export value of over 1 billion USD, accounting for 81.2 per cent of the country’s total export turnover, in which the exports of some valuable products increased over the same period last year.
The country’s export turnover in March of 2019 reached 22,780 million USD, 380 million USD higher than compared to the estimate, of which the exports of electronics, computers and components reached more than 124 million USD; phones and components - reached over 86 million USD; machinery, equipment and spare parts - higher than 82 million USD; cameras, camcorders and components - over 79 million USD; iron and steel - over 66 million USD; vegetables - higher than 65 million USD; gasoline - over 55 million USD; seafood - over 54 million USD; textiles and garments - lower than 166 million USD; footwear - less than 40 million USD; means of transport and spare parts - lower than 38 million USD.

The country’s export turnover in April of 2019 was estimated at 19.9 billion USD, down by 12.6 per cent over the previous month, of which the export turnover of the domestic economic sector reached 6.12 billion USD, down by 4.8 per cent; foreign invested sector (including crude oil) reached 13.78 billion USD, down by 15.7 per cent. The exports of several items in April 2019 saw a decrease in turnover compared to the previous month, namely: phones and components decreased by 27.6 per cent; crude oil - down by 15.3 per cent; electronics, computers and components - decreased by 11.5 per cent; seafood - decreased by 9.3 per cent; textiles and garments - decreased by 9.2 per cent; wood and wood products - fell by 3.7 per cent. Compared to the same period last year, the export turnover in April 2019 increased by 7.5 per cent, of which the exports of the domestic economic sector increased by 9.8 per cent, and the exports of the foreign invested sector (including crude oil) ) increased by 6.6 per cent. The exports of the following items increased in value: wood and wood products - increased by 22.5 per cent; electronics, computers and components - increased by 16.2 per cent; phones and components - increased by 12 per cent; footwear - increased by 11.4 per cent; textiles and garments - increased by 7.1 per cent.

Exports in the first four months of 2019 increased by nearly 6 per cent
In the first 4 months of 2019, Vietnam’s total export turnover was estimated at 78.76 billion USD, up by 5.8 per cent year – on - year, in which the exports of domestic economic sector reached 23.33 billion USD, up by 10.5 per cent and accounted for 29.6 per cent of the total export turnover; the export turnover of the foreign invested sector (including crude oil) reached 55.43 billion USD, up by 4 per cent and accounted for 70.4 per cent (proportion decreased 1.2 percentage points compared to the same period last year).

Leading exports items in the first four months of 2019
In the first 4 months of this year, there were 16 items with export value of over 1 billion USD, accounting for 81.2 per cent of the total export turnover, of which the exports of some items increased over the same period last year: electronics, computers and components reached 9.6 billion USD, up by 12.6 per cent; textiles and garments reached 9.4 billion USD, up by 9.8 per cent; footwear - reached 5.3 billion USD, up by 13.4 per cent; machinery, equipment and spare parts reached 5.3 billion USD, up by 4.1 per cent; wood and wood products - reached 3.1 billion USD, up by 17.8 per cent; means of transport and spare parts reached 2.9 billion USD, up by 5.7 per cent.

Although phones and components was the leading export item in the period with the export value of 16 billion USD, accounting for 20.4 per cent of the total export turnover but the figure decreased by 0.2 per cent compared to the same period last year. Meanwhile, the exports of seafood reached 2.4 billion USD, down by 1.3 per cent. The export turnover of some agricultural products in the first 4 months of this year decreased compared to the same period last year: coffee - reached 1.1 billion USD, down by 22.6 per cent (volume decreased by 13.5 per cent); cashew nuts - reached 884 million USD, down by 16.9 per cent (5 per cent increase in volume); rice - reached 866 million USD, down by 21.7 per cent (volume decreased by 7.9 per cent); pepper reached 270 million USD, decreased by 12 per cent (volume increased by 18.6 per cent).
Particularly the exports of vegetables and fruits reached 1.4 billion USD, up by 5.5 per cent; rubber - reached 564 million USD, up by 15 per cent (volume increased by 26.1 per cent).

Leading export markets in the first four months of 2019
Regarding the export goods market in the first 4 months of 2019, the United States was Vietnam's largest export market with a turnover of 17.8 billion USD, up by 28.4 per cent compared to the same period last year, of which the exports of phones and components increased by 104.9 per cent; footwear - increased by 9.4 per cent; textiles and garments - increased by 8.5 per cent.

The next was the EU market with 13.7 billion USD, up by 2.8 per cent, of which the exports of machinery and equipment and spare parts increased by 19.7 per cent; electronics, computers and components increased by 9.6 per cent; footwear - increased by 7 per cent.
Meanwhile, the exports to China reached 10.4 billion USD, down by 5.8 per cent, of which seafood products decreased by 31.5 per cent; phones and components decreased by 62.3 per cent; the exports to ASEAN market reached 8.4 billion USD, up by 7.3 per cent, of which the exports of textiles and garments increased by 36.7 per cent; iron and steel increased by 9.7 per cent; the exports to South Korea reached 6.2 billion USD, an increase of 7.3 per cent, of which the exports of textiles and garments increased by 10 per cent; electronics, computers and components - increased by 9.4 per cent; phones and components - increased by 7.1 per cent.
The exports to Japan reached 6.1 billion USD, up by 6.6 per cent, of which the exports of electronics, computers and components increased by 33.9 per cent; footwear - increased by 27.6 per cent; textiles and garments - increased by 6.9 per cent.

Trade balance in the first four months of 2019
The trade balance of goods in March of 2019 saw surplus of 1.6 billion USD; the trade surplus in the first quarter of this year reached 1.4 billion USD; the trade deficit in April of 2019 was estimated at 700 million USD. In the first 4 months of 2019, the trade surplus reached 711 million USD (compared with 3.7 billion USD of trade surplus in the same period last year), of which domestic economic sector saw a trade deficit of 9.46 billion USD; the foreign invested sector (including crude oil) saw a trade surplus of 10.17 billion USD.
CK
Source: VITIC/GSO
 
 

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