News

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

Summary

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.

Updated on : 28-12-2018

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.

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...

Source: Customs News