Friday, April 26,2024 - 0:25 GMT+7  Việt Nam EngLish 

Vietnam’s exports of goods to South Korea hit 2.95 billion in 2 months 

 Friday, April 3,2020

AsemconnectVietnam - At the end of February, the Ministry of Industry and Trade had a meeting with South Korean ministries and partners to discuss and agree on four main orientations of the action plan to realize the target of 100 billion USD in trade exchange between the two countries in 2020.

The two sides continued to affirm their determination to make the best efforts to achieve the goals despite the difficult global and regional economic situation due to unpredictable movements of the Covid-19 epidemic .
In the first 2 months of 2020, Vietnam's exports of goods to South Korea grew slightly (by 0.97 per cent) over the same period last year, reaching 2.95 billion USD. The main export products of Vietnam to South Korea were phones and components; textiles; computers and components; machinery, equipment, tools and other spare parts; wood and wood products; seafood, etc.

Mobile phones and accessories accounted for the largest market share with 25.55 per cent of the total export turnover, reaching 754.02 million USD; textiles and garments accounted for 15.73 per cent of the market share with 464.2 million USD; computers, electronic products and components accounted for 13.1 per cent, reaching 386.74 million USD.
Among 6 commodity groups with export turnover of more than 100 million USD, only the group of machinery, equipment, tools and spare parts and footwear of all kinds saw turnover growth of 53.75 per cent and 9.06 per cent respectively. .
In February of 2020 alone, the export turnover of group of petroleum products increased sharply compared to the previous month with 644.18 per cent to reach 17.01 million USD, but for the first 2 months of the year, the exports of this group of items still decreased by 10.03 per cent over the same period last year, reaching 19.3 million USD.

Vietnam’s exports of goods to South Korea in the first 2 months of 2020 –
according to the figures of the General Department of Customs – Unit: USD
Item
February of 2020
Vs. January of 2020 (%)
First 2 months of 2020
Vs. first 2 months of 2019 (%)
Market share (%)
Total
1,568,272,477
13.29
2,951,663,785
0.97
100
Phones and accessories
418,668,032
24.82
754,027,445
-7.81
25.55
Textiles and garments
238,863,190
5.76
464,202,451
-1.81
15.73
Computers, electronics and components
169,646,489
-21.88
386,746,556
-13.44
13.1
Machines, equipment, tools and spare parts
175,321,860
30.07
309,917,488
53.75
10.5
Wood and furniture
57,212,116
-2.4
115,933,845
-7.26
3.93
Footwear of all kinds
57,529,523
24.26
103,713,971
9.06
3.51
Seafood
47,063,731
-6.67
97,401,558
-8.68
3.3
Means of transport and spare parts
38,680,131
25.78
69,429,937
34.88
2.35
Fibers of all kinds
39,445,845
43.87
66,863,431
17.66
2.27
Cameras, camcorders and components
24,101,524
12.53
45,531,129
-16.53
1.54
Other ordinary metals and products
23,993,646
37.61
41,428,597
31.96
1.4
Iron and steel products
21,449,491
87.9
32,862,614
16.28
1.11
Iron and steel of all kinds
19,835,091
91.89
30,171,829
-13.64
1.02
Plastic products
18,006,265
54.81
29,632,488
-3.79
1
Electric wires and cables
15,723,364
13.55
29,569,358
16.75
1
Fruit and vegetables
15,823,886
39.19
27,167,089
45.75
0.92
Handbags, wallets, suitcases, hats and umbrellas
10,727,114
-10.83
22,757,827
-7.46
0.77
Petroleum of all kinds
17,018,023
644.18
19,304,830
-10.03
0.65
Textile, garment, leather and footwear materials
8,376,223
21.83
15,249,696
5.87
0.52
Chemical products
8,244,199
20
15,110,859
28.5
0.51
Other technical fabrics
7,449,695
-2.1
15,059,479
83.08
0.51
Chemicals
4,947,322
-10.53
10,476,953
-13.71
0.35
Rubber products
6,083,327
48.5
10,162,738
7.06
0.34
Coffee
5,911,519
46.48
9,947,626
-11.54
0.34
Rubber
4,498,947
19.03
8,278,540
-19.26
0.28
Confectionery and grain products
4,361,896
14.96
8,157,064
17.52
0.28
Toys, sport equipment and spare parts
2,138,246
-15.2
4,660,452
4.42
0.16
Ceramic and porcelain products
2,254,734
18.63
4,155,400
-11.77
0.14
Paper and products
2,116,880
22.05
3,851,294
3.57
0.13
Precious stones, metals and products
1,862,516
8.4
3,578,099
40.74
0.12
Glass and products
2,053,405
45.08
3,468,742
-55.95
0.12
Plastics
1,443,459
-23.62
3,333,179
28.5
0.11
Cassava and products
2,146,645
153.36
2,993,907
-26.28
0.1
Pepper
1,697,009
45.34
2,864,591
-6.44
0.1
Animal feed and materials
1,641,429
40.81
2,807,129
18.89
0.1
Bamboo, rattan, sedge and carpet products
1,300,289
19.77
2,385,951
56.94
0.08
Coal of all kinds
752,822
-0.47
1,509,218
 
0.05
Fertilizer of all kinds
251,161
59.45
408,675
-53.09
0.01
Ores and other minerals
 
-100
577
-99.97
0
Others
89,631,433
3.86
175,964,750
13.24
5.96
CK
Source: Vinanet.vn

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