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Exports hit record-high USD94.8 billion

Vietnam had export turnover of USD94.8 billion as of December 25, a record-high and an increase of 35 percent over last year, according to Vietnam Customs.

Vietnam had export turnover of USD94.8 billion as of December 25, a record-high and an increase of 35 percent over last year, according to Vietnam Customs.

 
Exports hit record-high USD94.8 billion - 1
 Farmers load rice at a market in southern Dong Thap Province's Thanh Binh District. As of December 25, Vietnam's export turnover reached USD94.8 billion, an increase of 35 per cent against 2010. — VNA/VNS Photo Dinh Hue.
Meanwhile, import value reached USD105.2 billion, leaving the trade gap standing at nearly 11 percent, the lowest figure since 2002.

Total import-export value reached a record-high of USD200 billion.

In the last 10 years, the country has seen blazing growth in import and export activities.

Export turnover grew after Vietnam became an official member of the World Trade Organisation (WTO) in January 2007.

Although the country has been hurt by the global economic crisis this year, total import-export value remained high, standing at USD100 billion by July 14, and rising in the following months.

In 2007, total import-export value reached USD100 billion, compared to USD31.2 billion in 2001.

According to Vietnam Customs, 49 imported and exported products had a value of more than USD1 billion each.

Five of those exported staples had a total of more than USD6 billion in turnover. They were in the textiles and garments, crude oil, telephones and spare parts, footwear and aquatic-product sectors.

Five of the imported products were valued at USD6 billion. The products were machinery; computers, electronics and spare parts; petrol; materials for the textile and garment industry and footwear industry; and iron and steel for construction.

Source: VNS
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