Machinery exports earn more than US$100 million per day

	Machinery exports up sharply, surpassed textiles and clothing to be in top three
	Increased demand for imported machinery
	Vietnamese businesses spend US $ 240 million per year importing wood processing machinery

Chart. T.Binh

According to the latest preliminary statistics of the General Department of Customs, from the beginning of the year to February 15, exports of machinery, equipment, tools and spare parts reached US$5.2 billion.

Thus, the average daily exports of machinery, equipment, tools, and spare parts earn about US$113 million (equivalent to nearly VND2,800 billion).

The export turnover of this product group rose by 11.92% or more than US$500 million year-on-year.

Currently, machinery, equipment, tools, and spare parts are the product group with the third largest export turnover in the country (after two product groups: Computers, electronic products and components; phones and components). As of February 15, this group alone accounted for 11.7% of the country's total export turnover.

Regarding export markets, the United States continues to hold the leading position. Update of the General Department of Customs by the end of January 2024 recorded that Vietnam's export turnover of machinery, equipment, tools and spare parts to the United States grew 25.7% year-on-year to US$1.57 billion. The US market alone accounted for 39% of Vietnam's export turnover of this group in January.

Other large export markets are located in Asia such as: Korea with US$278 million, up 40.8%; China with US$271 million, up 50%...