Trang tiếng Việt
Most of Vietnam’s exports witnessed a growth in Hong Kong market PDF Print
Wednesday, 04 October 2017 15:34

VIETRADE - In recent years, the trade collaboration between Vietnam and Hong Kong (China) has developed rapidly. Vietnam’s export turnover to Hong Kong is increasing constantly. In the first two months of this year, there was an increase in most of Vietnam's commodity groups exported to Hong Kong.

 

According to the statistics of the General Department of Vietnam Customs, our export turnover to Hong Kong in February 2017 achieved nearly US$ 480.47 million, bringing the total exports of Vietnam to this market up to US$ 938.26 million in the first two months of this year, an increase of 11.4% compared to the same period last year.

 

Accounting for 26.9% of the market share, the commodity group of computers, electronic products and components ranked the first in the list of Vietnam's export items to Hong Kong in the first two months of 2017. Exports of these commodity group to Hong Kong reached US$ 124.58 million in February 2017, an increase of 2.1% compared to January 2017, bringing the total export turnover of the commodity group up to US$ 253.83 million in the first two months of this year, an increase of 16.7% compared to the same period last year.

 

Mobile phones and components ranked the second with the export turnover of more than US$ 222.87 million in the first two months of 2017, increasing by 11.8% compared to 2016 and accounting for more than 23.8% of the market share. In February 2017, the export turnover of this group was only US$ 110.55 million, a decrease of 1.6% compared to the previous month.

 

Cameras, camcorders and components ranked the third with the export turnover of US$ 127.81 million in the first two months of this year, decreasing by 21.5% compared to the same period last year and accounting for 13.6% of the market share. However, in February 2017, the export turnover of this group reached nearly US$ 72.48 million, an increase of 23.7% compared to the previous month.

 

In first two months of this year, most of Vietnam's commodities exported to Hong Kong witnessed a turnover growth such as  machinery, equipment, tools and spare parts reaching US$ 127.18 million, rising by 66.7%; textiles and garments reaching US$ 26.6 million, rising by 4.8%; footwears reaching US$23.93 million, rising by 6.8%; fibers and textile yarns reaching US$ 18.03 million, rising by 70.5%; raw materials for textiles, garments, leather and footwear reaching US$ 15.67 million, rising by 21.20%; bags, purses, suitcases, hats, umbrellas reaching US$ 11.04 million, rising by 36.6%; other common metals and their products reaching US$ 5.19 million, rising by 11.4%; chemical products reaching nearly US$ 1.83 million, rising by 33.7%; iron and steel products reaching US$ 1.42 million, rising by 69.2%; confectionery and cereal products reaching US$ 1.13 million, rising by 23.4%; non-wood furniture reaching US$ 205,256, rising by 32.7% in comparison to the same period last year.

 

Particularly, out of five commodity groups having export turnover to Hong Kong soar in the first two months of 2017, there were two groups in the agriculture and forestry sector. Specifically, the exports of vegetables and fruits was at US$ 2.85 million – a 108.6% increase; rubber at US$ 935,391, a 251.2% increase; precious stones, precious metals and their products at US$ 6.29 million, a 259.7% increase; plastic materials at US$ 515,899, a 175.2% increase; and ceramic products at US$ 133,647 USD, a 133.5% increase compared to last year.

 

In addition, there were also a number of Vietnamese exporting commodity groups to Hong Kong that saw a decrease in the export turnover in January and February 2017. They included aquatic products with a turnover of US$ 21.39 million, reducing by 6.9%; wire and power cables of US$ 7.47 million, reducing by 11.9%; rice of US$ 3.95 million, reducing by 47.2%; plastics of US$ 2.97 million, reducing by 3.9%; sports equipment and parts of US$ 1.45 million, reducing by 12.2% in comparison to the same period of 2016.

 

According to experts, the Hong Kong market has a lot of potentials for Vietnam's exports. Hong Kong is considered a gateway for trade and investment with many countries in the world; thus, through this market, Vietnamese goods have more opportunities to penetrate into other markets.



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