Export turnover in 10 major markets all increased

In a detailed analysis of recently published statistical data, the General Department of Customs reported that in the first 2 months of the year, Vietnam's export turnover to the 10 largest markets witnessed uptrend tendency, even at high levels in some markets year on year.

Typically: The United States, reaching 16.81 billion USD, an increase of 29.2% (equivalent to an increase of 3.8 billion USD) compared to the same period last year. With this result, the US market made the largest contribution to Vietnam's export turnover growth and this growth also reached the peak in this market so far.

The EU market ranked the 2nd position to the growth of our country's export turnover, surpassing both China and ASEAN. In the first 2 months of the year, exports to the EU reached 9.03 billion USD, an increase of 17.9% (equivalent to an increase of 1.37 billion USD compared to the same period last year).

Vietnam's exports to China reached 7.96 billion USD, an increase of 7.8% (equivalent to an increase of 0.58 billion USD); Exports to ASEAN reached 6.14 billion USD, an increase of 14.7% (equivalent to an increase of 0.79 billion USD)...

Computers regained the number 1 position in exports

In terms of each industry, the first 2 months of the year also recorded high turnover in many key industries.

Among them, computers, electronic products and components have regained the No. 1 position in exports (from the phone and components group) with the total value of 9.99 billion USD, accounting for 17% of the country's total export turnover and an increase of 40.2% over the same period in 2023.

Export of computers, electronic products and components were mainly to markets such as: United States with 3.24 billion USD, an increase of 47.4%; China with 1.64 billion USD, up 53.9%; Hong Kong (China) with 1.1 billion USD, up 82.8%; Korea with 1.08 billion USD, up 19.6%...

Phones of all types and components reached 9.51 billion USD, an increase of 3.4% (equivalent to an increase of 309 million USD compared to the same period last year). Key export market records revealed as follows: the United States with 2.31 billion USD, an increase of 42%; China is 1.46 billion USD, down 43% and EU is 1.44 billion USD, down 4%...

Machinery, equipment, tools and spare parts continued to maintain third place with 6.98 billion USD, up 10.9% over the same period last year. Main export markets included: United States with 6.7 billion USD, up 6.8%; EU with 1 billion USD, up 2.4%; ASEAN with 476 million USD, up 6.9%; Korea with 476 million USD, up 13.1%...

Textiles and garments had a strong recovery with turnover reaching 5.16 billion USD, an increase of 13.4% (equivalent to an increase of 608 million USD) compared to the same period last year.

Textile and garment exports increased in all four main markets: The United States and Japan; EU and Korea. Specifically, exports to the United States were 2.19 billion USD, an increase of 12%; Japan is 630 million USD, an increase of 17.6%; EU is 552 million USD, up 8.2%; Korea with 515 million USD, up 8.2%...

Statistical data of the General Department of Customs also recorded strong growth in turnover in billion-dollar export commodity groups such as: footwear; wood and wood products; means of transport and spare parts; cameras, camcorders and accessories; Seafood; iron and Steel…

In the first 2 months of the year, major import markets also recorded strong growth in turnover.

For example: China reached 19.33 billion USD, a sharp increase of nearly 40% (equivalent to an increase of 5.44 billion USD) year on year. With this result, China has become the largest consumers of Vietnam (accounting for nearly 70% the country's import turnover) in the first 2 months of the year.

Korea reached 7.97 billion USD, an increase of 3.2% (equivalent to an increase of 0.25 billion USD); ASEAN market reached 6.79 billion USD, up 6.3%; Japan reached 3.58 billion USD, up 0.9%; Taiwan (China) market reached 3.2 billion USD, up 8.6%; EU reached 2.54 billion USD, up 17.6%...

Source:Custom News

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