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Five export groups of “billions USD” go up two-digits

13:55 | 27/05/2019

VCN - Total export value in the first four months of this year increased by only 6.5%, equivalent to an increase of $4.82 billion compared to the same period last year. The reason was that only five key export groups achieved high growth by two-digits, while many other groups experienced low growth or even negative growth.

five export groups of billions usd go up two digits
The increase of turnover of 5 major export commodity groups that have the highest growth rate (by the end of April 2019), the calculation unit is "billion USD". Sketched by: T.Bình.

Computer cross textile

According to the latest statistics of the General Department of Vietnam Customs, in the first four months of the year, among 10 key export groups, there were five groups achieving an increase of two digits including computers, electronics products and accessories; textile; footwear; wood and wood products; cameras, movie cameras and components.

Computers, electronic products and components achieved an impressive growth that outpaces textiles and ranked second in turnover.

In the past four months, the export value of this commodity group reached $9.63 billion, an increase of 12% compared to the same period in 2018.

The most notable export markets are: China reached $2.43 billion, increasing 3.7% over the same period last year; EU reached $1.65 billion, an increase of 1.8%; US reached $1.29 billion, rising strongly by 64.1%; Korea reached $942 million, growing 6.6%.

For the group of textiles, despite losing the No. 2 spot in turnover, the achievement of two digit growth rate was very encouraging because in recent years, the textile group has often reached growth rate below 10%.

At the end of April, export turnover of textiles reached $9.46 billion, an increase of 10.2% compared to the same period last year.

In four months, the United States continued to be Vietnam's largest textile and garment export market with a value of $4.42 billion, increasing 9.1% over the same period last year, accounting for 46.7% of total export turnover of textile and garment of the whole country.

Other important markets including Japan reached $1.16 billion, increasing by 4.7%; and the EU market reached $1.16 billion, increasing 5.5%.

In addition, footwear of all kinds reached $5.39 billion, increasing 14.5% compared to the same period in 2018. It was also a very positive result for this commodity group.

The EU and the United States are the two main markets for Vietnamese footwear. In the first four months of this year, the turnover and growth rate in these two important markets were $1.47 billion (an increase of 10.1%) and $2 billion (an increase of 13.5%).

Wood and wood products are the fourth "billion USD" export group that experienced a high growth rate with an impressive figure of 17.8% and a turnover of $3.12 billion.

The US market is also the largest importer with a value of $1.42 billion, increasing by 34.7% over the same period last year; followed by Japan with $414 million, increasing by 18.2%; and China with $365 million, decreasing slightly by 0.1%.

Cameras, movie cameras and components are the last group of 10 key product groups achieving two-digit growth with a turnover of $1.46 billion, increasing by 13.7%.

China is the largest export market with US $711 million, increasing by 20%; Hong Kong reached $227 million, down 34%; and India with US $167 million, increasing by 168.5%.

Phone has not reached positive growth

However, the export of phones and components suffered negative growth. Although it is still the largest export group, in the past four months, the turnover of phones and components only reached $16.01 billion, decreasing slightly by 0.4% compared to the same period in 2018. This is a surprise compared to the high growth rate in the past.

Currently, the EU market is the largest consumer of mobile phones and components with a turnover of $4.38 billion, a decrease of 3.9%.

Next is the US market with a strong increase of 94.4%, reaching $3.32 billion, while the Korean market reached $1.67 billion, increasing by 8.1%.

Besides phones and components, many large export groups of Vietnam achieved relatively low growth rates, even negative growth. Specifically, agricultural products (including vegetables, cashews, pepper, tea, coffee, rice, cassava and cassava products) reached $5.56 billion USD, decreasing by 8.9%.

Machinery, equipment, tools and spare parts reached $5.31 billion, increasing by 6.8%; vehicles and spare parts reached $2.82 billion, increasing by 4.5%; seafood reached $2.42 billion, decreasing by 0.9%; and iron and steel of all kinds reached 2.33 million tonnes, worth $1.5 billion, an increase of 22.8% in volume and 7.3% in value.

By Thái Bình/Thanh Thuy