Two more import commodity groups valued at $US 20 billion

Imported excavators of Doosan brand (Korea) in Hai Phong port. Photo: T.Bình

The two groups that reached this milestone are machinery and equipment group and computer, electronic products, and components, group. Notably, the import turnovers of these two groups have grown significantly by billions of dollars compared to the same period last year.

In that, machinery and equipment reached $US 22.603 billion, increased by $US 5.81 billion and continues to be the largest import group in Vietnam. The second place is computers, electronic products and components with $US 20.581 billion, increased by $US 4.276 billion.

With the total turnover of $US 43.184 billion, these two main groups accounted for nearly 34.2% of the total value of imported goods in the country at the same time. Moreover, the largest supply market of both groups is Korea.

According to the latest information on the import market at the end of July, computers, electronic products and components imported from Korea reached $US 7.1152 billion, accounting for nearly 37.3% of total import turnover of this group in the whole country. Meanwhile, machinery and equipment reached $US 6.964 billion, accounting for 32.8% market share.

Along with Korea, China and Japan are also major import markets for Vietnam's machinery and computers, electronic products and components. In particular, the import turnover of machinery and equipment from China reached $US 6.255 billion, accounting for nearly 29.5%; While import turnover of computers, electronic products and components reached $US 3.816 billion, accounting for nearly 20%.

For the Japanese market, import turnover of machinery and equipment reached $US 2.493 billion, accounting for 11.7%; And import turnover of computers, electronic products and components reached $US 1.62 billion, accounting for over 8.4%.