US remains Dong Nai Province’s largest export market

The Department of Industry and Trade of Dong Nai Province yesterday said that the US was still the largest export market of the province with turnover accounting for 25.7 percent of the province’s total exports.
The province’s export turnover to the US market hit US$451.7 million in January, up 7.4 percent compared to December last year and 7.2 percent over the same period last year. Of which, footwear contributed $127.8 million, wood and wooden products brought in $86 million, garments and textiles made up $77.4 million and steel products partook $30 million.
According to statistics, the provincial total export turnover in February is estimated to reach $1.19 billion, down $601 million compared to the previous month as several firms closed for Tet holidays.
In March, the export turnover is expected to rebound heavily because all firms will resume operation. Several firms said that they have received orders until the end of this year. Especially, the effective Comprehensive and Progressive Agreement for Trans-Pacific Partnership along with other free trade agreements which help to reduce tariffs will encourage firms to expand business and export.

By Tien Minh – Translated by Thuy Doan

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