HCM City enjoys impressive growth in import-export turnover
HCM City's foreign trade rises 18.4% year on year in Q1 to nearly US$17.4 billion. |
Statistics from the municipal Statistics Department showed that the city’s foreign trade was valued at nearly US$17.4 billion between January and March, up 18.4% year on year.
The city’s export value hit nearly US$11.9 billion in the period, an increase of 3.5% compared to the same period last year.
Of the figure, the FDI sector accounted for the highest proportion of more than US$6.5 billion, followed by the non-State and State sectors with more than US$3.2 billion and US$564.4 million, respectively.
In terms of export structure, the group of industrial products saw the highest export value, reaching US$7.4 billion, up 19.1% over the same period and making up 75.3% of the combined export turnover. They included such items as computers, electronic products and components, textiles and garments, machinery, and other types of equipment.
Notably, the group of agricultural products recorded a turnover of over US$1.1 billion, up 54% year on year and accounting for 11.7% of the city’s total export value while the group of aquatic products had export earnings of US$270 million, up 70%.
During the three-month period, China was the biggest buyer of HCM city’s enterprises with over US$2.5 billion in revenue. It was followed by the United States and Japan with US$1.6 billion and US$701.8 billion, respectively.
In March alone, export earnings were estimated at nearly US$4.6 billion, a year-on-year increase of 42.7%.
Meanwhile, the city’s import turnover was up 30.6%, hitting nearly US$6.8 billion.
Related News
Lang Son: Import-export turnover grow 71%
09:53 | 03/04/2023 Customs
HCM City set an objective of 100% of e-invoices from cash registers
09:43 | 21/03/2023 Finance
Auto imports increase HCM City’s revenue
13:50 | 02/03/2023 Customs
International cashew nut conference underway in HCM City
21:24 | 27/02/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
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.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export