12 billion USD export items in the first two months of the year
Friday, March 14,2025
AsemconnectVietnam - According to General Statistics Office (Ministry of Finance), in the first two months of 2025, there were 12 key export items with a growth turnover of 1 billion USD or more.
12 key items
In the first two months of 2025, Vietnam's total export turnover reached 64.27 billion USD, up 8.4% over the same period last year.
Notably, there were 12 key export items with an increase in turnover of 1 billion USD or more. In particular, some key export groups that faced many difficulties in 2023 have recovered quickly, regaining high growth momentum at double digits.
Considering export value of over 5 billion USD, the market recorded 4 items. Leading the way are electronics, computers and components, bringing in 12.5 billion USD, up 25% over the same period last year. Phones and components brought in 9.2 billion USD, down 3.1%. Machinery, equipment, tools and other spare parts reached 7.6 billion USD, up 10.3%. Textiles and garments with an export value of 5.6 billion USD, up 9.3%.
In addition, in terms of structure of export groups in the first two months of 2025, group of fuel and minerals reached 0.48 billion USD, accounting for 0.8%; group of processed industrial goods reached 57.01 billion USD, accounting for 88.7%; group of agricultural and forestry products reached 5.35 billion USD, accounting for 8.3%; group of aquatic products reached 1.43 billion USD, accounting for 2.2%.
In addition, a number of other items also recorded an export turnover of over 1 billion USD: Wood and wood products reached 2.1 billion USD, up 6.8%; footwear of all kinds reached 2.5 billion USD, up 7.2%; seafood reached 1.43 billion USD, down 2.5%; coffee reached 1.1 billion USD, up 18.5%; rice reached 1.2 billion USD, up 12.7%; rubber reached 1.05 billion USD, up 9.1%; iron and steel of all kinds reached 1.3 billion USD, up 11.4%; cashew nuts reached 1.02 billion USD, up 14.6%. In addition, some items also recorded significant growth, although not exceeding 1 billion USD threshold, but are on the path of strong growth: Pepper reached 720 million USD, up 22.1% over the same period last year thanks to improved export prices; fruits and vegetables reached 930 million USD, up 16.8%, especially dragon fruit, mango, passion fruit and jackfruit which are strongly consumed in Chinese and European markets; plastic products reached 870 million USD, up 13.5%, thanks to increased demand from the Japanese, US and European markets.
Great expectations
Regarding structure of export groups, processed industrial goods group continued to account for the largest proportion with 57.01 billion USD, equivalent to 88.7% of total export turnover: Agricultural and forestry products group reached 5.35 billion USD, accounting for 8.3%; aquatic products group reached 1.43 billion USD, accounting for 2.2%; fuel and mineral products group reached 0.48 billion USD, accounting for 0.8%.
With positive growth momentum from the beginning of the year, many experts forecast that Vietnam's export turnover continue to maintain stable growth in the following months. Supporting factors include recovery of major export markets, favorable trade policies and efforts to improve product quality by domestic enterprises.
However, export industry also faces a number of challenges such as exchange rate fluctuations, increased transportation costs and stricter requirements on quality standards from international markets. To maintain growth momentum, businesses need to continue to innovate technology, expand markets and optimize production costs.
With positive results in the first two months of the year, Vietnam's export industry has a great opportunity to achieve growth target set for 2025, contributing to promoting sustainable economic development.
Source: Vitic/ congthuong.vn
In the first two months of 2025, Vietnam's total export turnover reached 64.27 billion USD, up 8.4% over the same period last year.
Notably, there were 12 key export items with an increase in turnover of 1 billion USD or more. In particular, some key export groups that faced many difficulties in 2023 have recovered quickly, regaining high growth momentum at double digits.
Considering export value of over 5 billion USD, the market recorded 4 items. Leading the way are electronics, computers and components, bringing in 12.5 billion USD, up 25% over the same period last year. Phones and components brought in 9.2 billion USD, down 3.1%. Machinery, equipment, tools and other spare parts reached 7.6 billion USD, up 10.3%. Textiles and garments with an export value of 5.6 billion USD, up 9.3%.
In addition, in terms of structure of export groups in the first two months of 2025, group of fuel and minerals reached 0.48 billion USD, accounting for 0.8%; group of processed industrial goods reached 57.01 billion USD, accounting for 88.7%; group of agricultural and forestry products reached 5.35 billion USD, accounting for 8.3%; group of aquatic products reached 1.43 billion USD, accounting for 2.2%.
In addition, a number of other items also recorded an export turnover of over 1 billion USD: Wood and wood products reached 2.1 billion USD, up 6.8%; footwear of all kinds reached 2.5 billion USD, up 7.2%; seafood reached 1.43 billion USD, down 2.5%; coffee reached 1.1 billion USD, up 18.5%; rice reached 1.2 billion USD, up 12.7%; rubber reached 1.05 billion USD, up 9.1%; iron and steel of all kinds reached 1.3 billion USD, up 11.4%; cashew nuts reached 1.02 billion USD, up 14.6%. In addition, some items also recorded significant growth, although not exceeding 1 billion USD threshold, but are on the path of strong growth: Pepper reached 720 million USD, up 22.1% over the same period last year thanks to improved export prices; fruits and vegetables reached 930 million USD, up 16.8%, especially dragon fruit, mango, passion fruit and jackfruit which are strongly consumed in Chinese and European markets; plastic products reached 870 million USD, up 13.5%, thanks to increased demand from the Japanese, US and European markets.
Great expectations
Regarding structure of export groups, processed industrial goods group continued to account for the largest proportion with 57.01 billion USD, equivalent to 88.7% of total export turnover: Agricultural and forestry products group reached 5.35 billion USD, accounting for 8.3%; aquatic products group reached 1.43 billion USD, accounting for 2.2%; fuel and mineral products group reached 0.48 billion USD, accounting for 0.8%.
With positive growth momentum from the beginning of the year, many experts forecast that Vietnam's export turnover continue to maintain stable growth in the following months. Supporting factors include recovery of major export markets, favorable trade policies and efforts to improve product quality by domestic enterprises.
However, export industry also faces a number of challenges such as exchange rate fluctuations, increased transportation costs and stricter requirements on quality standards from international markets. To maintain growth momentum, businesses need to continue to innovate technology, expand markets and optimize production costs.
With positive results in the first two months of the year, Vietnam's export industry has a great opportunity to achieve growth target set for 2025, contributing to promoting sustainable economic development.
Source: Vitic/ congthuong.vn
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