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Exports hit over US$104 billion in 11 months

Vietnam’s total export turnover over the past 11 months is estimated to reach US$104.002 billion, up 18.4 percent against the same period last year.

Vietnam’s total export turnover over the past 11 months is estimated to reach US$104.002 billion, up 18.4 percent against the same period last year.

 

According to the General Statistics Office and the Ministry of Planning and Investment, garments and textiles contributed US$13.786 billion to the total export values while mobile phones and spare parts contributed US$11.413 billion, footwear US$6.469 billion, computers and spare parts US$6.9 billion, seafood US$5.632 billion, and crude oil US$7.769 billion.

In November alone, export turnover hit US$10.2 billion, down 1.2 percent compared to the previous month.

The foreign investment sector posted an export turnover of more than US$6.7 billion—a slight increase on the previous month—making up 65.7 percent of total export earning.

Major export items enjoying high turnovers include seafood (US$550 million), cashew nuts (US$124 million), coffee (US$254 million), crude oil (US$805 million), rubber (US$260 million), and footwear (US$650 million).

Garments and textiles earned US$1.3 billion in exports while total export earning of mobile phone and spare parts reached US$1.35 billion.

Experts say Vietnam’s November import turnover reached US$ 10.25 billion, up 0.8 percent against the previous month. The foreign investment sector enjoyed an import turnover of roughly US$5.7 billion, contributing 55.6 percent of the total.

Key import commodities include oil and gas with a turnover of US$617 million; cloth (US$685 million); electronics, computers and components (US$1.4 billion); and machinery and related equipment (US$1.3 billion)..

In 11 months, total import turnover is expected to exceed US$103 billion, up 6.8 percent on the same period last year.

Machinery and equipment contributed over 14 billion; electronics, computers and electronic components US$12 billion; oil and gas US$8.3 billion; and cloth US$6.4 billion.

Source: VOV
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