HCMC’s exports exceeds US$6.2 billion in first two months

SGGP
Report by the People’s Committee of Ho Chi Minh City showed that export turnover was estimated at US$6.25 billion in the first two months of this year, up 16 percent compared to an increase of 9.8 percent in the same period last year.

HCMC’s exports exceeds US$6.2 billion in first two months

If excluding crude oil, the city’s export turnover estimated to reach $5.91 billion, up 18 percent over an increase of 12.3 percent in the same period last year.
Some export markets saw rapid growth including the Philippines with 152.2 percent, Taiwan with 70.5 percent, Australia with 47.5 percent and the US with 45.9 percent, whereas export to China, Indonesia and HongKong showed signs of slowdown.
Exports of some products were maintained or posted growth. Of which, electronic devices and accessories surged 19.4 percent; vegetables and fruits rose 17.9 percent; and garments and textiles soared 48.6 percent.
Meanwhile, the city’s import turnover was estimated at $7.04 billion, up 3.6 percent from an increase of 14.2 percent in the same period last year. Main imported products included equipment and materials for manufacturing industry. Of which, imports of machineries, equipment, devices and components climbed 22.5 percent; of chemicals elevated 41.3 percent; and of steel shot up 21.4 percent.

By Binh Minh – Translated by Thuy Doan

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