Mobile phones top Vietnam’s exports list

Mobile phones and components have garnered the top position in Vietnam's exports with a turnover of 7.7 billion USD during the first four months of this year.

(Photo: VNA)

As reported by Dau Tu (Vietnam Investment Review) newspaper, the General Statistics Office of Vietnam has forecast export turnover of 12.2 billion USD in April, a 23.2 percent increase over the same month last year.

Exports of the foreign direct investment sector, including crude oil, alone reached 30.4 billion USD, recording a 17.2 percent increase as compared to the same period last year.

The statistics showed that processed and assembled products are still the main exports. Textile ranked second with a turnover of 5.9 billion USD, followed by footwear with 2.9 billion USD.

Exports of other products have also shown an increase in comparison with the same period of 2013. Seafood reached 2.2 billion USD, up 32 percent as compared to the same period last year.

Coffee gained 1.6 billion USD, a 29.5 percent increase, while wood and wooden products reached 1.9 billion USD, with an increase of 22.4 percent in comparison with the same period of 2013.

In the first four months of 2014, the total export turnover is estimated to reach 45.7 billion USD, experiencing an increase of 16.7 percent in comparison with the same period of 2013.

Meanwhile, Vietnam 's imports are forecast to reach 12.6 billion USD in April, raising the total amount to 45.1 billion USD in the first four months of this year. It has seen an increase of 13.7 percent as compared to the same period last month.

Imports of foreign-invested sector are forecast to reach 26.3 billion USD, experiencing an 18.2 percent increase in comparison with the same period last year.

April's trade deficit is forecast to reach 400 million USD, and the trade surplus in the first four months of 2014 is estimated to reach 683 million USD.

Trade surplus of foreign-invested sector, including crude oil, reached 4.1 billion USD, experiencing an increase of 11.5 percent in comparison with the same period last year. However, the trade deficit of domestic enterprises is 3.4 billion USD, recording an 18 percent decrease as compared to the same period in 2013.

Source VNA

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