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20 commodity groups tops US$1 billion export value in 8 months of 2017 PDF Print
Tuesday, 05 September 2017 09:52

VIETRADE – There are 20 commodity groups earning export value of over US$1 billion in the first eight months of this year, the General Department of Vietnam Customs has estimated.

 

Vietnam posted export revenue of US$19.77 billion in August, up 8.2% year-on-year. This figure helped lift total export revenue in the first eight months to nearly US$135.03 billion, a rise of 19.3% over the same period of last year, the preliminary report showed.

 

With the eight-month import value of US$135.88 billion, Vietnam’s trade deficit narrowed to US$850 million by the end of August.

 

Ending August, 20 commodity groups earned export value of over US$1 billion, of which five export commodities hit value of over US$5 billion.

 

Telephones and components topped the list with value of almost US$27 billion in the first eight months, up 18% compared to the same period of 2016.

 

The European Union was the biggest importers of Vietnam’s telephones and components with value of US$7.9 billion, up 11.3% and accounting for nearly 30% of the total export revenue. Other major importing markets included the United Arab Emirates (US$2.6 billion, down 9.9%) and the United States (US$2.55 billion, down 4.7%).

 

Textiles and garment products came second with the eight-month export revenue of US$16.86 billion, up 8.2% year-on-year, of which August’s value was US$2.68 billion, up 8.6% year-on-year.

 

The United States continued to the the largest buyer of Vietnamese textile and garment products, valued at US$8.16 billion, up 7.3% year-on-year. Other big clients included the EU (US$2.47 billion, up 4.1%), Japan (US$1.97 billion, up 5%) and South Korea (US$1.56 billion, up 12.6%).

 

Computers, electronic products and components fetched earnings of US$2.42 billion in August, up 16.2% over July, thus lifting the eight-month export value to US$16.06 billion, a strong growth of 42.2% over the same period of last year.

 

This export commodities were shipped mainly to mainland China (US$4.04 billion, up 95.4%), the EU (US$2.92 billion, up 23.4%), the United States (US$2.03 billion, up 7.2%), Hong Kong (US$1.14 billion, up 15.6%).

 

Footwears saw eight-month export value rise 12.6 per cent year-on-year, hitting US$9.6 billion but the export figure in August was down 2.8% at US$1.27 billion. Main importers included the United States (US$3.36 billion, up 13.2%), the EU (US$3.03 billion, up 10%), and China (US$744 million, up 28%).

 

Machine, equipment, tools and instruments posted total export value of US$8.23 billion in eight months, up 31.5% year-on-year. The August’s export also increased 16.7 per cent month-on-month to reach US$1.24 billion.

 

Major importers of Vietnamese products were the United States (US$1.62 billion, up 21.1%), Japan (US$1.13 billion, up 12.5%) and China (US$1.07 billion, up 70%).

 

Fishery products reported export growth of 5.6% in August, valued at US$841 million, but the eight-month export value still hit US$5.2 billion, up 20% year-on-year. The United States again topped the biggest buyer with import value of US$981 million, up 1.6%; followed by the EU (US$886 million, up 17.9%) and Japan (US$830 million, up 27.7%).

 

Wood and wooden products posted August’s export value of US$656.5 million, up 9.6%, lifting the eight-month value to US$4.91 billion, up 11.4% year-on-year.

 

Fruits and vegetables earned US$2.35 million worth of exports in eight months, up 48 year-on-year, but the August export declined 10.2% from the previous month, valued at US$322 million.

 

China was the largest importer with value of US$1.8 billion, up 60% year-on-year, accounting for 76 per cent of total export revenues. Other big markets included Japan (US$80 million, up 64.6%) and the United States (US$69 million, up 26.6%).

 

Agricultural products: six agricultural commodities posted export value of over US$1 billion in the first eight months, including cashew nuts (US$2.23 billion), coffee (US$2.34 billion), rice (US$1.81 billion), rubber (US$1.38 billion) and yarn (US$2.31 billion).

 

Major exporting markets for Vietnamese agricultural products were the EU (US$1.83 billon, up 8.9%), China (US$1.62 billion, up 8.6%) and the United States (US$1.32 billion, up 10.8%).

 

Other commodities witnessed high export values included handbags, purses, suit cases and umbreallas (US$2.22 billion, up 4.5%), crude oi (US$1.98 billion, up 31.4%), textile, leather and footwear materials and auxiliaries (US$1.13 billion, up 13.5%), iron and steel (US$1.9 billion, up 52.9%), still image, video cameras and spare-parts (US$2.03 billion, up 22.6%), and other means of transportation, parts and accessories (US$4.58 billion, up 18.8%).

 

10 commodities with highest export value in eight months

No.

Commodities

Export value

(billion USD)

Y-o-Y growth

(%)

1

Telephones and components

26.69

18.0

2

Textiles and garments

16.86

8.2

3

Computers, electronics, components

16.06

42.2

4

Foot-wears

9.60

12.6

5

Machine, equipment, tools

8.23

31.5

6

Fishery products

5.21

20.0

7

Wood and wooden products

4.91

11.4

8

Other means of transportation, parts and accessories

4.58

18.8

9

Fruits and vegetables

3.35

48

10

Coffee

2.34

3.5

Source: General Department of Vietnam Customs



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