Export exceeded nearly $US 18 billion over the whole year of 2017

VCN – Although the year 2018 is not over, so far many key export groups of the country have exceeded the results of the whole year 2017, contributing to bring the total export turnover of the whole country far beyond last year.
tin nhap 20181226085013
Import-export goods at Hai Phong port. Photo: T.Bình

According to the latest statistics of the General Department of Customs showed that in the first 15 days of December, the total export turnover of the whole country reached $US 9.375 billion, thereby increasing the total turnover from the beginning of the year to $US 233.07 billion.

The above results helped export turnover to exceed by nearly $US 18 billion compared to the result of nearly $US 215,119 billion for the whole of 2017.

Notably, among 27 key export groups with turnover of $US 1 billion or more, up to 22 commodity groups had turnover exceeding the whole of 2017’s turnover.

Typically, 5 groups of export products "tens of billions of USD" have increased turnover from a few hundred million USD to billion USD compared to the whole year. In particular, phones and components reached $US 47.749 billion with an increase of nearly $US 2.5 billion.

Textile and garment reached more than $US 28.951 billion, increased by over $US 2.83 billion; computers, electronic products and components reached more than $US 28.1 billion, increased more than $US 2.1 billion; footwear reached $US 25.413 billion, increased by $US 735 million; machinery, equipment, tools and spare parts reached $US 15.766 billion, increased by $US 2.853 billion.

Thus, with an extremely high speed and absolute number, it helped the machinery, equipment, tools and spare parts industry to surpass footwear to became the fourth largest export product of Vietnam.

tin nhap 20181226085013
The changes in the total export turnover of the country and 5 key commodity groups between 2018 and 2017, the calculation unit is "billion USD". Sketched by: T.Bình.

Regarding the export market, 5 groups of "tens of billions of USD" focus on the main markets in Asia, the European Union (EU) and the Americas.

Specifically, according to the market update in November of the General Department of Vietnam Customs, exports of phones and components to the European Union (28 countries) reached $US 12.7 billion, increased by 12.5%; China reached $US 8.4 billion, increased by 53.5%; the United States with $US 5.2 billion, increased by 47.1%; South Korea reached $US 4.14 billion, increased by 13.1%; United Arab Emirates reached $US 3.64 billion, decreased by 1.5% ... compared to the same period in 2017.

Textiles and garments exported to the US reached $US 12.45 billion, increased by 11.8% and accounted for 45%; the EU market achieved $US 3.78 billion, increased by 11.5%; Japanese market reached $US 3.48 billion, increased by 24.3%; Korean market reached $US 3.05 billion, increased by 24.7%...

Computers, electronic products and components exported to China reached $US 7.66 billion, increased by 23.9%; EU market reached $US 5.06 billion, increased by 19.5%; United States reached $US 2.64 billion, decreased by 17.3%; South Korea with $US 2.3 billion, increased by 40.1%...

Exporting to the US achieved $US 3.08 billion, increased by 39%; EU reached $US 2.07 billion, increased by 23.1%; Japan achieved $US 1.69 billion, increased by 8.1%; India reached $US 1.63 billion, increased by 5.5 times...

Footwear exported to the United States reached $US 5.26 billion, increased by 14.5%; the EU reached $US 4.25 billion, a slight increase of 1.6%; the China market reached $US 1.35 billion, increased by 30.2%; Japan market reached $US 767 million, increased by 14.1%...

In addition, other key export items which have turnover exceeding the whole year of 2017 that should be mentioned are seafood, vegetables, rice, means of transport...

By Thái Bình/Thanh Thuy

Related News

Increase competitiveness when export turnover comes from domestic enterprises

Increase competitiveness when export turnover comes from domestic enterprises

VCN - According to the Vietnam Chamber of Trade and Industry (VCCI), export-oriented industrialized countries, especially when export turnover comes from domestic private enterprises, are likely to more competitive and sustainable.
Many export items of the “USD billion " group dropped sharply

Many export items of the “USD billion " group dropped sharply

VCN - According to the Ministry of Industry and Trade, Vietnam's trade balance in February 2023 continued to have a surplus of USD 2.3 billion, bringing the total trade deficit in the first two months of the year to USD 2.82 billion (the same period last year, the trade deficit was more than USD300 million). However, in the first 2 months of 2023, export turnover of most commodity groups decreased, except for mineral fuels.
Decrease in exports affects the profits of seafood enterprises

Decrease in exports affects the profits of seafood enterprises

VCN - Many factors that have caused the seafood export turnover of enterprises to decrease since the end of 2022 have affected the profits of enterprises.
Export turnover in 2023 expected to reach 393-394 billion USD

Export turnover in 2023 expected to reach 393-394 billion USD

VCN - In the context of the economy facing many unpredictable factors, the Ministry of Industry and Trade said that the export growth target in 2023 is expected to see an increase of about 6% compared to 2022.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

More News

Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version