Three export commodities earn more than US$20 billion

Three export commodities have earned Vietnam more than US$20 billion in revenue each this year to September 15, according to latest statistics of the General Department of Vietnam Customs.

three export commodities earn more than us$20 billion hinh 0
Smart phone production in a Samsung factory in Vietnam
Phones and parts were the biggest hard currency earner with nearly US$34.4 billion, followed by textile-garment with nearly US$21.1 billion. Computers, electronic products and components came next with US$20.25 billion.

It is noteworthy that this is the first time textile-garment and computers-electronics have touched the mark of US$20 billion in export earnings for the period from the beginning of the year to September 15.

In combination, the three groups of commodities grossed almost US$75.6 billion, accounting for 45% of the country’s total export value.

However, the export value of those commodities for the first half of September showed a decline compared to the second half of August. Earning from phones and parts dropped 13.6% (equivalent to US$419 million), while that of textile-garment was down 23.8% (US$415 million) and that of computers, electronics and components reduced by 19.9% (US$326 million).

Phones and parts made in Vietnam are shipped to more than 120 countries and territories, with Europe being the largest market.

Meanwhile, the largest market for Vietnam’s textile-garment products is the US, and Japan and the Republic of Korea are also important buyers.

China is the biggest market for Vietnam’s computers, electronics and components.

In the same period, Vietnam’s total foreign trade value came to about US$331.57 billion, up 14% year on year.

The country shipped overseas US$168.57 billion worth of goods, while spending US$163 billion on imports. The figures represented annual increases of 16.3% and 11.7% year on year respectively.