Thursday, April 9,2020 - 8:10 GMT+7  Việt Nam EngLish 

Exports to South Korea fell in first month of 2020 

 Wednesday, February 26,2020

AsemconnectVietnam - South Korea is currently the third largest trading partner of Vietnam (after China and the US) and is one of the two partners of our country with a trade deficit of tens of billions of USD.

In January of 2020, Vietnam's merchandise export turnover to this market decreased by 24.76 per cent over the same period last year to 1.38 billion USD.
The main export commodity groups of our country to Korea were phones and components; computers, electronic products and components; textiles and garments, etc. with the turnover of hundreds of millions of dollars.

In particular, the group of phones and accessories led with 335.41 million USD, accounting for 24.23 per cent of the total market share, although the figure was up by 34.22 per cent compared to the previous month, but down by 31.29 per cent compared to the same period last year.
The second was textile and garment group with 225.85 million USD, capturing 16.32 per cent of the total market share, dropping strongly by 30.69 per cent year – on - year. The exports of computers, electronic products and components also decreased by 18.33 per cent to 217.14 million USD, meanwhile, the exports of the group of machines, equipment and other spare parts fell slightly by 1.06 per cent to 134.79 million USD.

The exports of iron and steel of all kinds; gasoline of all kinds; ore and other minerals dropped sharply by 50.47 per cent to 10.33 million; 86.96 per cent to reach 2.28 million USD; and 99.95 per cent to reach 573 USD, respectively.
The strongest increase over the same period was the fertilizer group with an increase of 220.54 per cent to 157,514 USD.

Vietnam’s
exports of goods to South Korea in January of 2020 -source: VITIC – according to the figures of the General Department of Customs - Unit: USD

Item
January of 2020
Vs. December of 2019 (%)
Vs. January of 2019 (%)
Percentage (%)
Total
1,384,322,558
-5.99
-24.76
100
Phones and accessories
335,412,044
34.22
-31.29
24.23
Textiles and garments
225,857,132
-5.43
-30.69
16.32
Computers, electronics and components
217,148,755
0.75
-18.33
15.69
Machines, equipment and spare parts
134,792,679
-18.96
-1.06
9.74
Wood and furniture
58,617,085
-19.29
-32.22
4.23
Seafood
50,429,867
-27.21
-31.53
3.64
Footwear of all kinds
46,297,840
-19.58
-25.49
3.34
Means of transport and spare parts
30,752,196
-9.41
-2.68
2.22
Fibers of all kinds
27,418,504
-22.38
-19.08
1.98
Cameras, camcorders and components
21,418,417
-24
-32.41
1.55
Other ordinary metals and products
17,435,515
-21.26
-9.35
1.26
Electric wires and cables
13,847,380
-10.38
-8.74
1
Handbags, wallets, suitcases, hats and umbrellas
12,030,058
-8.45
-32.62
0.87
Plastic products
11,631,086
-32.94
-42.01
0.84
Iron and steel products
11,415,413
-23.94
-27.47
0.82
Fruit and vegetables
11,368,409
-6.21
-2.32
0.82
Iron and steel of all kinds
10,336,738
-1.04
-50.47
0.75
Technical fabrics
7,609,784
26.35
46.53
0.55
Textile, garment, leather and footwear materials
6,875,144
-1.93
-25.45
0.5
Chemical products
6,870,229
-21.2
-7.83
0.5
Chemicals
5,529,631
-6.1
-22.38
0.4
Rubber products
4,096,578
-28.94
-28.03
0.3
Coffee
4,035,595
-38.77
-37.77
0.29
Confectionery and grain products
3,794,248
-35.05
-5.9
0.27
Rubber
3,779,593
-43.22
-38.85
0.27
Toys, sport equipment and spare parts
2,521,373
13.05
-20.8
0.18
Petroleum of all kinds
2,286,807
10.36
-86.96
0.17
Ceramic and porcelain products
1,900,667
-37.55
-39.81
0.14
Plastics
1,889,720
-3.99
14.25
0.14
Paper and products
1,734,413
-32.87
-30.11
0.13
Precious stones, metals and products
1,718,155
-8.46
13.14
0.12
Glass and products
1,415,338
-48.49
-42.46
0.1
Pepper
1,167,582
19.67
-44.62
0.08
Animal feed and materials
1,165,700
-46.32
-23.25
0.08
Bamboo, rattan, sedge and carpet products
1,085,662
-41.92
-1.38
0.08
Cassava and products
847,262
-65.09
117.63
0.06
Coal of all kinds
756,396
-59.67
 
0.05
Fertilizer of all kinds
157,514
-51.68
220.54
0.01
Ores and other minerals
573
-99.8
-99.95
0
Others
86,303,048
-28.38
 
6.23

CK
Source: VITIC

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