Export turnover up 6.3 billion USD thanks to price increase
The increase in prices of crude oil, coal, rice, coffee and rubber has raised the nine-month export turnover by 6.3 billion USD over the same period last year, according to the Ministry of Industry and Trade.
Hanoi (VNA) – The figure represents an export growth rate of 18 percent.
Main staples such as jewelry, plastics, bags, electronics, vegetables and fruits, seafood, garments, wood, shoes and electric cables attained growth rates from 18 to 433 percent.
In September alone, the country’s exports reached 5.3 billion USD, 11.9 percent decrease over the last month, according to the Ministry.
However, the total export turnover in nine months reached 48.6 billion USD, a year-on-year increase of 39 percent, of which, foreign invested businesses’ exports reached 17.8 billion USD or an increase of 28.1 percent.
Among export markets, ASEAN has become the biggest one which contributed most to the country’s export value, followed by the US and EU.
The import volume still increased in nine months with car import up by 3 percent, machinery and equipment by 35.4 percent and components by 31 percent.
The increase in prices of oil, steel and plastic products has also lifted the import turnover by 5.8 billion USD, equivalent to 13.3 percent of import growth rate.
Asian is still the biggest import market, making up almost 80 percent of Vietnam’s total import value.
The country’s trade deficit in the past nine months reached 15.8 billion USD, representing 32.6 percent of the total export value.
Main staples such as jewelry, plastics, bags, electronics, vegetables and fruits, seafood, garments, wood, shoes and electric cables attained growth rates from 18 to 433 percent.
In September alone, the country’s exports reached 5.3 billion USD, 11.9 percent decrease over the last month, according to the Ministry.
However, the total export turnover in nine months reached 48.6 billion USD, a year-on-year increase of 39 percent, of which, foreign invested businesses’ exports reached 17.8 billion USD or an increase of 28.1 percent.
Among export markets, ASEAN has become the biggest one which contributed most to the country’s export value, followed by the US and EU.
The import volume still increased in nine months with car import up by 3 percent, machinery and equipment by 35.4 percent and components by 31 percent.
The increase in prices of oil, steel and plastic products has also lifted the import turnover by 5.8 billion USD, equivalent to 13.3 percent of import growth rate.
Asian is still the biggest import market, making up almost 80 percent of Vietnam’s total import value.
The country’s trade deficit in the past nine months reached 15.8 billion USD, representing 32.6 percent of the total export value.
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