Export turnover totals US$108bn after 10 months

(VOV) -The General Statistics Office expects Vietnam’s ten-month export turnover to total US$108 billion, a year-on-year increase of 15.2%.

The country earned US$11.7 billion from October’s exports alone, up 4.6% from a year ago.

The domestic economic sector earned US$35.9 billion from exports in 10 months, rising 3% from 2012, while the FDI sector’s exports (including crude oil) surged 23.3% from last year’s levels to US$72.1 billion.

The export commodities enjoying the highest turnover include phone handsets and components (US$11.7 billion, up 76.1%), textiles and garments (US$14.8 billion, up 18.7%), computers and spare parts (US$8.7 billion, up 41.5%), footwear (US$6.7 billion, up 14.5%), wood and timber products (US$4.4 billion, up 15.4%) and handbags, suitcases, and umbrellas (US$1.5 billion, up 25.6%).

 Vietnam’s October imports hit US$11.9 billion, 5.6% higher than last month and 17.6% higher than the corresponding periods in 2012.

The country spent US$108.2 billion on imports in the 10-month period, 15.2% higher than last year. The foreign investment sector’s import turnover stood at US$62 billion, equivalent to 25.7% of total spending.

Key import commodities include electronics, computers, and components (US$15 billion, up 40.2%), fabric (US$6.8 billion, up 18.2%), plastics (US$4.8 billion, up 19.8%), textiles, garments, and footwear (US$3.1 billion, up 17.7%), and livestock fodder and materials (US$2.7 billion, up 36.6%).

Vietnam’s ten-month trade deficit equalled US$187 million, 0.2% of total export value. The FDI sector posted a US$10.1 billion trade surplus in the reviewed period.