Vietnam has 22 export commodities worth "billion dollars" in the first half of 2020

VCN - Generally, in the first six months of 2020, export turnover is estimated at US$ 121.21 billion, decreased 1.1% compare to the same period last year. Vietnam also had a trade surplus of US$ 4 billion in the first half of 2020
vietnam has 22 export commodities worth billion dollars in the first half of 2020 Car import turnover through Hai Phong exceeds half a billion dollars
vietnam has 22 export commodities worth billion dollars in the first half of 2020 Exports to Italy fell more than "half a billion dollars" in five months
vietnam has 22 export commodities worth billion dollars in the first half of 2020 The exports of agricultural products worth billion dollars slide down
vietnam has 22 export commodities worth billion dollars in the first half of 2020

According to the General Statistics Office, the Covid-19 pandemic hasaffected the leading trade partners of Vietnam, which has greatly impacted the import and export turnover of many commodities.

As of the first six months of 2020, total import and export turnover of goods reached US$ 238.4 billion, down 2.1% over the same period last year.

In the first six months of 2020, export turnover is estimated at US$ 121.21 billion, down 1.1% over the same period last year. Accordingly, the export of the domestic economic sector reached US$ 41.38 billion, up 11.7%, accounting for 34.1% of total export turnover; FDI business (including crude oil) reached US$ 79.83 billion, down 6.7%, accounting for 65.9%.

Within the first six months, there were 22 commodities with export turnover of over US$ 1 billion, accounting for 86.2% of total export turnover. In particular, there are four items with export over US$ 10 billion, accounting for 52.7% of total export turnover.

Of which, phones and components have the largest export turnover, reaching US$ 21.5 billion, accounting for 17.7% of total export turnover, down 8.4% over the same period last year.

Electronics, computers and components reached US$ 19.3 billion, increasing 24.2%; textiles and garments reached US$ 12.8 billion, decreasing 15.5%; machinery, equipment and tools reached US$ 10.3 billion, increasing 25.2%.

In general, the export proportion of some key products still belonged to the foreign direct investment sector, of which, phones and components accounted for 91.7%; machinery, equipment and spare parts accounted for 70.4%; footwear accounted for 77.8%; textiles accounted for 58%.

"Export turnover of some agricultural products in the first six months of this year decreased compared to the same period last year," the General Statistics Office said.

Regarding the export commodity market, the United States is Vietnam's largest export market with a turnover of US$ 30.3 billion, up 10.3% over the same period last year. Next are China, EU and ASEAN.

Within six months, import turnover was estimated at US$ 117.17 billion, down 3% over the same period last year, of which the domestic economic sector gained US$ 51.55 billion, up 0.1%; FDI sector reached US$ 65.62 billion, down 5.4%.

In the first six months of 2020, Vietnam also had 22 import commodities with a value of over US$ 1 billion, accounting for 81.2% of total import turnover.

China remained the largest import market with a turnover ofUS$ 34.8 billion, down 2.2% compared to the same period last year.

Regarding the structure of imported goods in the first six months, the group of production materials was estimated at US$ 109.5 billion, down 2.8% over the same period last year and accounting for 93.5% of total import turnover.

vietnam has 22 export commodities worth billion dollars in the first half of 2020 The first Vietnamese "billion dollar" commodity group in the Japanese market

VCN- For many years, Japan has been an important traditional trading partner of Vietnam. Currently, Japan is ...

Notably, the General Statistics Office said that the average commodity exchange rate in the first six months of 2020 decreased by 0.78% compared to the same period in 2019, reflecting the unfavorable export price of Vietnam's goods to foreign countries compared to the price of imported goods from abroad to Vietnam.

By Hoai Anh/ Phuong Thao

Related News

Regulating goods across Huu Nghi International Border Gate during peak times

Regulating goods across Huu Nghi International Border Gate during peak times

VCN – In order to reduce the pressure on customs clearance of import and export goods for the international border gate pair during peak times, the management agency of Lang Son (Vietnam) has just discussed with the management authority of Pingxiang (China) to strengthen coordination in regulating the means of transporting goods of enterprises on both sides.
Khanh Hoa Customs reaches revenue target 1 quarter early

Khanh Hoa Customs reaches revenue target 1 quarter early

VCN - Many key import items increased sharply, along with efforts in trade facilitation, tax debt collection, so in just 9 months of 2024, Khanh Hoa Customs Department completed the state budget revenue target.
3 items have a big impact on the budget revenue of Ho Chi Minh City Customs

3 items have a big impact on the budget revenue of Ho Chi Minh City Customs

VCN - Automobiles, petroleum, and steel are three items that account for nearly 35% of the total state budget revenue of Ho Chi Minh City Customs Department. Therefore, fluctuations in these revenue sources will greatly impact the state budget revenue of the entire Department.
Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - Although the import and export turnover of goods slowed down in September 2024, in general, import and export activities, especially exports, still grew positively in the first 9 months of 2024. It is expected that import and export of goods in 2024 will reach a record of 800 billion USD.

Latest News

Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

VCN - According to the Ministry of Agriculture and Rural Development, Vietnam's capacity to export over 50 billion USD worth of agricultural products annually, coupled with established supply chains, provides a significant advantage for Vietnamese agricultural and aquatic products to penetrate the Halal market.
Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.

More News

Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Vietnam and UAE trade sees billion-dollar growth

Vietnam and UAE trade sees billion-dollar growth

VCN - According to General Department of Vietnam Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) reached nearly US$5 billion, an increase of more than US$1.4 billion over the same period last year.
Sharing responsibility for ensuring security and safety of the supply chain

Sharing responsibility for ensuring security and safety of the supply chain

VCN – Post - clearance audit is carried out in a planned, focused and key manner, avoiding widespread and ineffective inspections, thereby creating convenience for the business community and improving the effectiveness of state management of customs.
Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".
Lao Cai Customs sees a triple-digit surge in export-import turnover

Lao Cai Customs sees a triple-digit surge in export-import turnover

VCN - Updated from the beginning of the year to October 24, total import and export turnover through Lao Cai Customs Department increased by 102%.
Read More

Your care

Latest Most read
Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - At the regular Government meeting in September 2024, Minister of Industry and Trade Nguyen Hong Dien assessed: import and export continued to be a bright spot, recording a positive recovery compared to the same period last year.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

According to the Ministry of Agriculture and Rural Development, Vietnamese agricultural and aquatic products could penetrate the Halal market.
Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Mobile Version