Imports of automobiles hit $2.4 billion in first four months

SGGP
Automobile import turnover reached US$2.4 billion, up 95.6 percent, of which imports of completely-built-unit cars from countries in the ASEAN soared 619.3 percent.

Import tunover of cars hits $2.4 billion in the first four months of this year. (Photo: SGGP)

Import tunover of cars hits $2.4 billion in the first four months of this year. (Photo: SGGP)

In the first four months of this year, export turnover was estimated at $78.76 billion, an increase of 5.8 percent over the same period last year. Of which, domestic sector got $23.33 billion, up 10.5 percent, accounting for 29.6 percent of total export turnover while foreign-invested sector including crude oil hit $55.43 billion, up 4 percent, accounting for 70.4 percent of total export turnover.

Noticeably, in four months, there were 16 products whose export turnover was above $1 billion, comprising of 81.2 percent of total exports, of which, electronic devices, computers and components saw an increase of 12.6 percent over the same period last year to touch $9.6 billion.

On the contrary, there were 17 products whose import turnover exceeded $1 billion in the same period, making up 76.3 percent of total import turnover. Of which, imports of some products were higher than the same period last year, including electronic devices, computers and components with $15.8 billion, up 20 percent; machineries, tools and spare parts with $11.6 billion, up 15.2 percent; fabric with $4.1 billion, up 8 percent; steel and iron with $3.1 billion, up 3.9 percent; and plastic with $2.9 billion, up 3.9 percent.

Noticeably, imports of cars hit $2.4 billion, up 95.6 percent and imports of plastic products reached $2 billion, up 12.3 percent. Besides, some products saw a decline in import turnover compared to the same period last year, including cell phones and components with $3.6 billion, down 15.5 percent and metal with $2.1 billion, down 9.5 percent.

As for import market in the first four months of this year, China remained the largest import market of Vietnam with import turnover of $22.3 billion, followed by South Korean with $15.5 billion.

Imports from countries in the ASEAN reached $10.8 billion, an increase of 9.2 percent, of which completely-built-unit cars rose 619.3 percent; steel and iron surged 372.3 percent; and machineries, tools and spare parts edged up 11.3 percent.

By Anh Phuong – Translated by Thuy Doan

Other news