Machinery exports up sharply, surpassed textiles and clothing to be in top three
The growth rate of the six largest export commodity groups in January 2021 compared to the same period of 2020. Chart: T. Binh. |
According to the General Department of Customs, in January 2021, the export of machinery, equipment, tools and spare parts reached a turnover of nearly US$3.26 billion, up sharply by 119% over the same period last year.
This is one of the key commodity groups with the strongest growth in the firstmonth of 2021.
Notably, with a high growth rate, machinery, equipment, tools and spare parts surpassed textile and to be in the top threeof export goods with the largest turnover scale of Vietnam (after phones; machines; computers, electronic products and components).
In 2020, export value of this commodity group reached$27.19 billion, up 48.6% from the prior year.
The largest export market for machinery, equipment, tools and spare parts last year was the US with $12.21 billion, up strongly by 141.5%.
Other major markets (28 countries) reached the value of $3.49 billion, up 28.5%; South Korea with $2.05 billion, up 25.9%; Japan with $2.05 billion, up 5.6%; and China with $1.94 billion, up 22.2% compared to 2019.
By the end of January 2021, Vietnam's total export turnover reached$28.55 billion, sharply increasing by 55.1%, corresponding to an increase of$10.14 billionover the same period in 2020.
Of which, total export turnover of FDI enterprises reached $21.57 billion, up sharply 70% (equivalent to an increase of $8.88 billion) compared to the previous year, accounting for 75.5% of total export turnover of Vietnam
By the end of January, there were sixgroups of export goods with a turnover from 1 billion USD. In addition to the large commodity groups in the top threementioned above, the rest ofthreecommodity groups are: textiles and garments; footwear; wood and wood products.
Related News
Latest News
Agricultural, forestry and fishery trade surplus value shoots up
10:54 | 23/11/2024 Import-Export
New export and business cooperation opportunities from "dual conversion"
10:53 | 23/11/2024 Import-Export
VN's food processing industry struggles to improve quality and value chain integration
15:53 | 22/11/2024 Import-Export
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
More News
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export
Vietnamese enterprises facing challenges from cross-border e-commerce platforms
14:32 | 21/11/2024 Import-Export
Vietnam, Malaysia eye new milestone in trade ties
14:29 | 21/11/2024 Import-Export
Shrimp exports surge in 10 months, generating 3.2 billion USD
14:27 | 21/11/2024 Import-Export
Vietnam’s exports to the U.S. near US$100 billion milestone
09:46 | 21/11/2024 Import-Export
From the “abnormal” coffee price, worries about the new crop
09:46 | 21/11/2024 Import-Export
What obstacles limit the market share of Vietnamese goods in the UK?
14:49 | 20/11/2024 Import-Export
Why seafood exports to some Middle Eastern Countries are stalled
14:47 | 20/11/2024 Import-Export
Storm No. 3 destroys profits of many insurance companies
14:45 | 20/11/2024 Import-Export
Your care
Agricultural, forestry and fishery trade surplus value shoots up
10:54 | 23/11/2024 Import-Export
New export and business cooperation opportunities from "dual conversion"
10:53 | 23/11/2024 Import-Export
VN's food processing industry struggles to improve quality and value chain integration
15:53 | 22/11/2024 Import-Export
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export