Dong Nai: Export revenue surges 12.7%

The southern province of Dong Nai earned more than US$10.6 billion in export revenue in the first seven months of 2018, a year-on-year increase of 12.7%.

dong nai: export revenue surges 12.7% hinh 0

Of the total, the foreign direct investment (FDI) sector contributed US$9.1 billion. Meanwhile, the non-State and State-owned sectors bagged US$1.4 billion and US$132 million, respectively.

The surge in export revenue was spurred by large orders, new export markets and the rise in export prices of some products.

During the period, shipments of footwear fetched US$2 billion, garment and textiles more than US$1.1 billion, machines and equipment US$776 million and computers, electronic products and spare parts US$384 million.

Major importers of the locality were the US (US$2.3 billion), China (more than US$1 billion) and Japan (US$896 million). An export upturn was also seen in the Republic of Korea and Germany.

Local coffee, pepper, cashew and rubber experienced a decrease in export revenue due to stagnant demand and large stockpiles. Specifically, each tonne of cashew is currently sold at US$9,282, down 12.5%, while that of coffee and pepper was US$1,803 and US$3,533, falling 25.2% and 41.7%.

In the same period, the province splashed out US$9 billion on imports, up 8.1% from the same period last year.

The province enjoyed a US$1.6 billion trade surplus, accounting for more than 50% of the country’s trade surplus during the January-July period.


Related news