Four export commodity groups with turnover of “tens of billions of dollars"
Published: 20/07/20
In the first six months of the year, four export commodity groups reached turnover of US$10 billion or more, an increase of one group compared to the same period in 2019.
Machinery, equipment, tools and spare parts were the first commodity group grossing a turnover of 10.42% (equivalent to US$2.18 billion), a year-on year increase of 26.5%.
Markets importing machines, equipment, tools and spare parts from Vietnam in the first six months were the US with turnover of US$2.93 billion, increasing by 73.5%; the EU with US$1.33 billion, increasing by 29.7%; Japan with US$809 million, increasing by 6%; South Korea with US$754 million, increasing by 27.4%.
Meanwhile, the largest export category was phones and accessories with turnover of US$21.95 billion, but decreasing by 6.5% compared to the same period in 2019.
In the first six months of the year, the exports of this category to the EU reached US$4.92 billion, increasing by 22.3%; to the US reached nearly US$4 billion, increasing by 5.2%; to China reached US$3.73 billion, increasing by 2.4 times; to the South Korea reached US$2.51 billion, increasing by 6%.
Computers, electronic products and componentswere the second commodity group with turnover of US$19.47 billion, a year-on year of increase of 25.4%.
Export of computers, electronic products and components to China in the first six months reached US$5.4 billion, up 36.4% over the same period last year; to the US was US$4.38 billion, up 1.9 times; to the EU was US$2.55 billion, up 5.8%.
Export turnover of textiles and garments hit US$13.18 billion, down 12.7% compared to the same period in 2019.
In the first six months of the year, the US remained Vietnam's largest textile and garment export marketwith a value of US$6.19 billion, down 11.9% over the same period last year.
Other major markets were Japan with a value of US$1.64 billion, down 7%; the EU market ranked with a value of US$1.6 billion, down by 19.2%.
Thus, among four major commodity groups, the turnover of computer electronic products and components; and machinery, equipment, tools and spare parts achieved high growth over the same period in 2019, while the turnover of the remaining two commodity groups declined.
With a turnover of US$65 billion, the turnover of four major commodity groups accounts for 53% of total export turnover of the whole country in the first six months.
Source: www.customsnews.vn
