32 C
Ho Chi Minh City
Tuesday, October 20, 2020

Vietnam’s exports rise 2% in Jan-Apr period

Must read

Broken cargo ship poses oil spill risk

HCMC – A cargo ship named JAKARTA, which ran aground at Chuoi (Banana) Beach at the foot of the Hai Van Pass in central...

Ha Tinh evacuates over 46,000 residents as reservoir discharges floodwaters

HCMC – As Ke Go Reservoir in the north-central province of Ha Tinh is discharging 900 cubic meters of floodwaters per second, the provincial...

Quang Binh, Ha Tinh expected to face heavy downpour

HCMC – The two central provinces of Quang Binh and Ha Tinh are forecast to see heavy rains till the end of tomorrow, October...

Four bodies found in landslides in Quang Tri

HCMC – The bodies of four military personnel who were among 22 military officers and soldiers being buried in landslides in central Quang Tri...
HCMC – Vietnam exported US$80.8 billion worth of products in the first four months of the year, inching up 2% over the same period last year, despite challenges raised by the global health crisis, according to the General Department of Vietnam Customs.

Data from the customs agency singled out some groups of products that were the main contributors to the nation’s export growth in the four-month period, including computers and electronic parts, machinery, equipment and tools.

Specifically, the group of computers, electronics and components recorded export sales worth over US$12 billion during the year up to April, rising as high as 26% compared with the year-ago figure. With this impressive growth, this group outpaced the group of textiles and garments to become the nation’s second largest export earner.

The four-month period saw outbound sales of computers and electronics to China soaring a staggering 40% against the year-ago period to hit US$3.4 billion.

The group of machinery, equipment and tools earned an export value of US$6.7 billion, improving 27% versus the 2019 figure.

Besides this, other groups such as toys and sport equipment; electric wires; and wood and wooden products saw their export value rising 76%, 38% and 5% in the four months, respectively.

Meanwhile, many items saw a slowdown in export sales over the four-month period due to the spread of the coronavirus pandemic. Some even recorded negative growth for exports such as smartphones and accessories, textiles and garments.

Despite being the largest export earner, smartphones and accessories saw their export value falling nearly 4% versus the year-ago period, totaling US$15.3 billion. Outbound sales of these products to the European Union, the United States and South Korea dipped by 4.5%-24%.

The negative impact was also felt in the group of textiles and garments, which is among the top three export earners. Its export value in the four-month period dropped over 8% year-on-year to some US$8.6 billion.

The United States remains the largest buyer of Vietnamese textiles and garments, with the value reaching US$3.95 billion, which is down some 10% over the 2019 figure.

The groups of farm produce and aquatic products also experienced a downward push in export value.

Further, in April alone, the country’s total import-export turnover reached only US$36 billion, dropping a staggering 22% month-on-month.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Broken cargo ship poses oil spill risk

HCMC – A cargo ship named JAKARTA, which ran aground at Chuoi (Banana) Beach at the foot of the Hai Van Pass in central...

Ha Tinh evacuates over 46,000 residents as reservoir discharges floodwaters

HCMC – As Ke Go Reservoir in the north-central province of Ha Tinh is discharging 900 cubic meters of floodwaters per second, the provincial...

Quang Binh, Ha Tinh expected to face heavy downpour

HCMC – The two central provinces of Quang Binh and Ha Tinh are forecast to see heavy rains till the end of tomorrow, October...

Four bodies found in landslides in Quang Tri

HCMC – The bodies of four military personnel who were among 22 military officers and soldiers being buried in landslides in central Quang Tri...

More than a dozen bodies found in Quang Tri landslide incident

HCMC – Rescuers had found the bodies of 14 people who were among 22 military officers and soldiers being buried in landslides in the...