Export Turnover Hits High Growth in First Four Months

Viet Nam’s total value of exports exceeded US$12.1 billion in the first four months, an increase of over 25% year-on-year, among which, textile-garment and footwear were the first two commodities (excepting crude oil) exceeding the US$1 billion-export turnover.

Footwear is one of the first products exceeding the US$1 billion-export turnover.

The export turnover of April was US$3.2 billion, a standstill in compared with the record increase of exports in March of US$3.4 billion.

Textile-garment and footwear were the first two commodities (excepting crude oil) exceeding the US$1 billion-export turnover in the first four months. The textile-garment exports continued to increase rather sharply to about US$1.75 billion, an increase of 38% year-on-year, among which exports to the US accounted for around 50%.

Despite the anti-dumping tariff, footwear exported to the EU market hit a high growth rate of over 20%, amounting to US$1.1 billion.

Among the nine key industrial commodities, only the exports of bicycles and spare parts increased more slowly than that of the same period last year due to the EU anti-dumping tariff. They were US$62 million, a decrease of about 5% year-on-year.

About the key agricultural products, there was a sharp decrease in quantity and value of rice export in April. The total rice exported was 1.7 million tons, worth US$466 million, a decrease of around 8% in quantity and 9% in value over the same period last year.

The export revenues of pepper, tea, coffee and rubber continued to show a high increase thanks to price advantages on the world market.

By Dinh Lan – Translated by Yen Chuong

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