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Vietnam exports up around six per cent

Vietnam’s export turnover was up 5.9 per cent in the first two months of this year.
Earnings from exporting phones and their components were down 7.3 per cent. Earnings from garment and textile products were up 19 per cent. Earnings from electronic products and components were up 1.9 per cent. Earnings from footwear were up 18.4 per cent.

In the two-month period, turnover from the United States, Vietnam's biggest export market, was up 34.4 per cent. Turnover from the European Union was up 1.2 per cent. Turnover from China was down 9.3 per cent.

In the first two months of this year, Vietnam’s import turnover was up 7.5 per cent. Vietnam’s expenditure on importing electronic appliances and their components was up 11.4 per cent. Expenditure on importing machines, equipment and spare parts was up 14.6 per cent. Expenditure on phones and components was down 12.6 per cent. And that on cloth was up 16 per cent.

From January to February, Vietnam’s expenditure on imports from China was up 17 per cent. Expenditure on imports from South Korea was down 2.1 per cent. And expenditure on imports from Asean (Association of Southeast Asian Nations) was up 1.4 per cent.

In 2018, Vietnam’s export turnover was up 13.2 per cent against 2017. Import turnover was up 11.1 per cent.