Import turnover of auto parts and accessories rises by over 1 billion USD

Thursday, 28/10/2021 14:27
In the first half of October, Vietnam spent more than 175 million USD importing auto parts and accessories, bringing import turnover of the commodity since the beginning of 2021 to nearly 3.9 billion USD, up 36.2% (equivalent to over 1 billion USD) year on year, according to the latest information from the General Department of Customs.

Import turnover of auto parts and accessories rose by over 1 billion USD. (Photo: congthuong.vn)

The sharp increase in auto parts and accessories imports showed that domestic automobile production and assembly activities are flourishing.

Typically, by the end of September, car manufacturer VinFast alone sold 25,527 cars, a positive result after only 2 years of the car brand being introduced to consumers.

According to the Hai Phong Customs Department, the unit that carries out import procedures for major auto parts and accessories of VinFast and other automobile manufacturers and assemblers in the North, by the end of September, import turnover of the commodity at the department reached more than 1.6 billion USD, up 140.1% compared to the same period last year.

The main import markets of Vietnam are the Republic of Korea, China, Thailand, Japan and India.

In September, the five markets accounted for 77% of the country’s total import turnover of auto parts and spare parts.

According to the General Department of Customs, in the first 15 days of October, the country imported 8,197 CBU (Completely Built Up) cars of all kinds, with a total turnover of nearly 175 million USD.

From the beginning of the year to October 15, Vietnam imported 122,588 CBU cars of all kinds, with a turnover of more than 2.72 billion USD. Average value (excluding tax) is more than 22,000 USD a car.

Three countries in Asia, including Thailand, Indonesia and China, are the largest automobile import markets of Vietnam./.

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