The main export product groups in the first 10 months of 2016

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According to the statistics of the General Department of Customs, for the first 10 months of 2016, the total import-export turnover nationwide reached nearly $US 284.56 billion, up 4.6% compared to the same period last year. In particular, exports totaled more than $US 143.9 billion, an increase of 7%, equivalent to more than $US 9.44 billion compared to the same period last year. 

The structure of export commodities in the first 10 months of 2016. Source: The General Department of Customs.

Phones and components: The phones and components export turnover in October, 2016 earned nearly $US 2.84 billion, down 2.6% from the previous month. Thereby making the export turnover of this commodity group in the first 10 months of 2016 reach over $US 28.33 billion, up 10.4% over the same period last year.

The phones and components import markets of Vietnam in the first 10 months of 2016 mainly included: the EU market (28 countries), turnover of more than $US 8.97 billion, up 5.1% compared to the same period last year; the US market with a turnover of more than $US 3.47 billion, up 52.4%; the United Arab Emirates market with a turnover of nearly $US 3.39 billion, down 12.9%; etc.

Textiles: The export turnover of textile products in October, 2016 reached over $US 1.93 billion, down 10.7% from the previous month. Thereby putting the export turnover of this group in the first 10 months of 2016 at more than $US 19.68 billion, up 4.1% compared to the same period last year.

The import markets of Vietnam garment and textile products in the first 10 months of 2016 mainly included: the US market with a turnover of nearly $US 9.48 billion, up 3.8% compared to the same period last year; The second market is the EU (28 countries) with a turnover of nearly $US 2.9 billion, up 3.7%; followed by the Japanese market with a turnover of close to $US 2.38 billion, up 4.5%; etc.

Computers, electronic products and components: The exports of this group in October, 2016 reached more than $US 1.91 billion, up 10% from the previous month, making the export turnover of computers, electronic products and components in 10 months of 2016 reached more than $US 14.8 billion, up 15.6% over the same period last year.

The import markets of computers, electronic products and components of Vietnam in the first 10 months of 2016 mainly included: the EU market (28 countries) was worth more than $US 3 billion, an increase of 16.8% compared to the same period last year; the second was the Chinese market with a turnover of nearly $US 2.9 billion, up 35.5% over the same period; followed by the US with a turnover of more than $US 2.43 billion, up 4.3% etc.

Other machinery, equipment, tools and spare parts: Achieving export turnover of more than $US 1.01 billion in October, 2016, up 1.5% from the previous month, which put the export turnover of this commodity group in the first 10 months of 2016 at nearly $US 8.33 billion, up 25.5% over the same period last year.

In the first 10 months of 2016, other machinery, equipment, tools and spare parts mainly exported through the markets: the US market with a turnover of more than $US 1.72 billion, up 29.3% over the same period of last year; the Japanese market turnover reached over $US 1.28 billion, up 10.6%; the EU market (28 countries), with more than $US 1.1 billion, up 37.2%; etc.

Seafood: The seafood exports turnover in October, 2016 earned $US 724 million, up 8.8% from the previous month, which made seafood products export turnover in the first 10 months of 2016 reach more than $US 5.73 billion, an increase of 6.4% over the same period last year.

Seafood products were exported to the following major markets in the first 10 months of 2016: the US market ranked first with a turnover of over $US 1.2 billion, up 13.1% over the same period last year; the EU market (28 countries) with a turnover of $US 986 million, up 1.7%; the Japanese market with a turnover of $US 875 million, up 3.5%; the Chinese market with a turnover of $US 540 million, increased 49.1%;

Timber and timber products: exports of timber and timber products turnover in October, 2016 reached $US 609 million, up 5.6% from the previous month, which put the export turnover of this group in the first 10 months of 2016 at nearly $US 5.59 billion, a slight increase of 0.8%.

In the first 10 months of 2016, timber and timber products were exported mainly through the major markets such as the US with a turnover of more than $US 2.52 billion, up 4.7% compared to the same period last year; the Japanese market with a turnover of $US 803 million, down 4.7%; the Chinese market with a turnover of 802 million, up 8.5%; etc.

Agricultural products (including cashew nuts, coffee, tea, pepper, rice, cassava, rubber): reached export turnover in October, 2016 of $US 991 million, down 6.8% in value compared to the previous month. Thereby, making the export turnover of agricultural products for the first 10 months of 2016 reach nearly $US 9.87 billion, up 7.1% compared to the same period last year.

The agricultural products export markets of Vietnam for the first 10 months of 2016 mainly included: China with a turnover of more than $US 2.1 billion, a slight increase of 0.4% over the same period last year; EU (28 countries) with a turnover of more than $US 2.16 billion, up 13.4%; the US market with a turnover of close to $US 1.53 billion, up 21.9%.

In particular, cashew nuts now rank as the second agricultural export item in turnover, after coffee. With export turnover in October, 2016 reaching 33 thousand tons, worth $US 295 million, up 4.5% in volume and 6.8% in value. Thereby, making cashew nuts exports in the first 10 months of 2016 reach 291 thousand tons, worth nearly $US 2.34 billion, up 5.8% in volume and 16.9% in value compared with the same period last year.

Along with the strong growth of cashew nuts exports, imports also rose sharply with turnover of 102 thousand tons in October, 2016, worth $US 172 million, up 11.4% in volume and 18.2 % in value. Thereby the amount of cashew nuts import for the first 10 months of 2016 reached 896 thousand tons, worth nearly $US 1.38 billion, up 15% in volume and 36.8% in value compared with the same period last year.

Coal: The coal exports in October, 2016 were 96 thousand tons, down by 43.5% and $US 9.6 million, down 41.8% from the previous month. Thereby, making the amount of nationwide coal exports in the first 10 months of 2016 reach only 828 thousand tons, down 46.2% from the same period last year.

The import markets of coal from Vietnam in the first 10 months of 2016 mainly included: coal exports to Japan in the first 10 months of 2016 was 422 thousand tons, down by 19.1% and to the Philippines was 107 thousand tons, down 12.5% compared to the 10 months of 2015. Especially coal exports to Korea fell to 83.3% from the same period last year, just over 40 thousand tons; etc.

Crude oil: The crude oil exports in October, 2016 reached nearly 554 thousand tons, a slight decrease of 0.9% from the previous month with a value of $US 215 million, up 8.8%. By the end of October, 2016, the amount of crude oil exports of the country reached 5.74 million tons, down 25.4% with a turnover of $US 1.92 billion, down 41.2% compared to the same period last year.

Vietnam’s crude oil was mainly exported to China with 3.42 million tons, increased 129%; to Malaysia, 434 thousand tons, down 66.3%; to Australian, 342 thousand tons, down 67.3%; to Japan, 371 thousand tons, down 69.8% from the same period in 2015.

By Bao Ha/Huu Tuc