Vietnam – South Korea trade exchange grew up 47%
Monday, June 5,2017AsemconnectVietnam - The bilateral trade exchange between Vietnam and South Korea reached US$ 18.8 billion in the first four months of this year, increased sharply by 47.3 per cent over the same period last year.
Of the figure, the country exported $ 4.4 billion worth of goods to and imported $ 14.4 billion worth of goods from South Korea, up by 32.5 per cent and 52.5 per cent, respectively over the same period of 2016.
Cell phones and accessories were leading the list of items exported by the country to South Korea in the first four months of this year with the export turnover of over $ 1.1 billion, up by 38 per cent year – on – year and accounted for 25.2 per cent of the total.
It was followed by textiles and garments with $ 786.8 million, up by 16.2 per cent; computers, electronics and components with $ 568.4 million, up by 59 per cent.
In the first four months of the year, the country’s exports of glass and products to South Korea increased sharply by 313 per cent; iron and steel – up by 170 per cent; rubber – up by 142.5 per cent; chemicals – up by 124 per cent; cassava and products – up by 107 per cent; coal – up by 101 per cent; and chemicals – up by 124 per cent year – on – year.
However, the exports of fertilizer; bamboo, rattan, sedge and carpet; and cameras, camcorders and components decreased by 57 per cent; 30 per cent and 44 per cent, respectively over the same period last year.
Vietnam’s exports of goods to South Korea in the first four months of 2017 - Unit: US$ - source: the General Department of Customs
Item
|
First 4 months of 2017
|
First 4 months of 2016
|
First 4 months of 2017 vs. same period of 2016 (%)
|
Total
|
4,432,270,626
|
3,344,192,189
|
+32.54
|
Cell phones and accessories
|
1,117,520,247
|
809,942,785
|
+37.98
|
Textiles and garments
|
786,755,095
|
677,200,035
|
+16.18
|
Computers, electronics and components
|
568,354,469
|
357,271,183
|
+59.08
|
Machines, equipment and spare parts
|
317,008,237
|
190,874,850
|
+66.08
|
Seafood
|
200,500,373
|
155,663,338
|
+28.80
|
Wood and furniture
|
199,023,440
|
173,529,451
|
+14.69
|
Footwear of all kinds
|
130,577,773
|
111,388,011
|
+17.23
|
Fibers of all kinds
|
113,027,827
|
73,815,524
|
+53.12
|
Means of transport and spare parts
|
81,527,724
|
90,182,031
|
-9.60
|
Other ordinary metals and products
|
52,164,127
|
28,100,106
|
+85.64
|
Iron and steel of all kinds
|
49,292,767
|
18,241,251
|
+170.23
|
Handbags, wallets, suitcases, hats and umbrellas
|
44,551,386
|
46,723,394
|
-4.65
|
Iron and steel products
|
37,202,139
|
26,951,849
|
+38.03
|
Electric wires and cables
|
35,942,029
|
27,476,146
|
+30.81
|
Crude oil
|
35,736,109
|
|
|
Plastic products
|
35,176,039
|
43,257,088
|
-18.68
|
Fruit and vegetables
|
30,702,722
|
27,303,532
|
+12.45
|
Rubber
|
29,633,924
|
12,218,210
|
+142.54
|
Coffee
|
29,602,314
|
17,937,193
|
+65.03
|
Cameras, camcorders and components
|
28,386,465
|
51,004,785
|
-44.35
|
Glass and products
|
25,824,287
|
6,256,933
|
+312.73
|
Textile, garment, leather and footwear materials
|
25,284,451
|
21,332,819
|
+18.52
|
Chemical products
|
24,726,112
|
25,505,706
|
-3.06
|
Technical cloth
|
21,344,980
|
22,806,570
|
-6.41
|
Petroleum of all kinds
|
20,616,571
|
12,165,244
|
+69.47
|
Pepper
|
15,717,676
|
15,521,488
|
+1.26
|
Rubber products
|
14,957,437
|
10,933,354
|
+36.81
|
Chemicals
|
14,424,665
|
6,433,826
|
+124.20
|
Confectionery and grain products
|
13,791,012
|
12,828,818
|
+7.50
|
Toys, sports equipment and spare parts
|
11,503,785
|
8,194,018
|
+40.39
|
Cassava and products
|
8,971,475
|
4,326,858
|
+107.34
|
Precious stones, metals and products
|
6,199,682
|
4,434,427
|
+39.81
|
Ceramic and porcelain products
|
5,831,227
|
5,124,052
|
+13.80
|
Animal feed
|
4,640,754
|
5,189,556
|
-10.58
|
Fertilizer of all kinds
|
3,699,012
|
8,635,221
|
-57.16
|
Bamboo, rattan, sedge and carpet products
|
2,701,726
|
3,848,934
|
-29.81
|
Plastics
|
2,456,441
|
2,235,688
|
+9.87
|
Paper and products
|
2,179,739
|
2,575,198
|
-15.36
|
Coal
|
1,843,941
|
918,000
|
+100.87
|
Ores and minerals
|
1,212,402
|
1,265,040
|
-4.16
|
CK
Source: VITIC
Wheat imports increased slightly in first 2 months of 2023
Steel market update: Price rises despite falling demand
Tea export value to China skyrockets
Reference exchange rate up 2 VND at week’s beginning
DAILY: Vietnamese pepper prices remained unchanged on March 27
DAILY: Vietnamese coffee prices remained unchaged on March 27
Significant efforts needed to realise 4.3-billion-USD shrimp exports
Coffee exports to Netherlands enjoy three-digit growth
Durian to make breakthrough for Vietnam's fruit exports
Corn imports decreased in first 2 months of 2023
Vietnam showing better-than-average growth: Indian expert
Vietnam works hard to boost exports to Chinese market
DAILY: Vietnamese pepper prices remained unchanged on March 24
Reference exchange rate down 15 VND
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...