10 months: Commodity export turnover exceeds USD200 billion

Wednesday, 31/10/2018 09:37
Commodity export turnover is estimated to reach USD200.27 billion in Jan-Oct 2018, a 14.2% rise over a year earlier, according to the General Statistics Office (GSO).

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Of this, the domestic economic sector earned USD56.82 billion, up 16.8%, while the foreign-invested sector (including crude oil) bagged USD143.45 billion, making up 71.6% of the country’s total and up 13.2%.

Export turnover of some key commodities continued to rise against the same period last year, such as telephone and components USD40.7 billion (up 10.6%); garments and textiles USD25.2 billion (17.1%), electronics, computer and spare parts USD24.3 billion (15.2%); machinery, equipment and spare parts USD13.5 billion (28.3%) and footwear USD13 billion (9.7%).

In addition, some agricultural and seafood products also saw growth: vegetable USD3.3 billion (14.4%), coffee USD3 billion (1.1%), rice USD2.6 billion (16.1%) and seafood USD7.2 billion (5.9%).

In October, crude oil alone continued seeing reductions, of 24.8% in export value and 45.4% in volume. The US remained the biggest export market of Vietnam’s commodities, followed by the EU.

Over the past 10 months, import turnover reached an estimated USD193.84 billion, a year-on-year rise of 11.8%, including USD77.5 billion of the domestic sector, up 12%, and USD116.34 billion of the foreign-invested sector, up 11.7%.

China topped the biggest country shipping goods to Vietnam with an export value of USD52.9 billion, up 12.4%. It was followed by the Republic of Korea at USD39.2 billion, up 2.1% and ASEAN at USD26 billion, up 13.1%.

On the whole, the country enjoyed a trade surplus of USD6.4 billion, in which the domestic economic sector had a trade gap of USD20.7 billion and foreign-invested area had a trade surplus of USD27.1 billion./.

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