Hanoi’s exports grow 21.6% in 2018

Hanoi shipped goods overseas for US$14.23 billion in 2018, an annual increase of 21.6%, reported the municipal Department of Industry and Trade.

hanoi’s exports grow 21.6% in 2018 hinh 0
(Source: kinhtedothi.vn)

In December alone, the capital city’s export value reached about US$1.38 billion, up 7.6% from November and 28.2% year on year. 

Garment-textile products, farm produce, and petroleum contributed the most to such growth. The garment-textile export turnover increased 24% while the respective figures for farm produce and petroleum were 39.8 and 83.8%.

The US, Japan, and China remained Hanoi’s biggest markets, with values accounting for 16, 13, and 12% of the total obtained by the city, respectively.

Meanwhile, the capital city imported US$3.1 billion worth of goods in December, rising 8.4% from November and 9.6% against one year earlier.

Hanoi’s total import value exceeded US$31.18 billion in 2018, increasing 8.2% annually.