Main exports in the first 2 months of 2017

The export structure of Vietnam in the first 2 months of 2017 did not change much compared to 2016. Specifically, the 10 largest export commodities of Vietnam accounted for 71.5% of total export turnover. 
 

 
nhung mat hang xuat khau chinh 2 thang 2017
The 10 largest export commodities of Vietnam accounted for 71.5% of total export turnover.

The largest export commodity of Vietnam include mobile phone and accessories which account for 17.1% of the country's total exports; the second largest export commodity of Vietnam was textile garment with a proportion of 12.9%; followed by computers, electronic products and components with a proportion of 12.1%.

Telephones and accessories: The export turnover of this commodity group in February 2017 reached more than $US 2.36 billion, an increase of 1.3% compared to the previous month. Thus, the export turnover of this commodity group in the first 2 months of 2017 reached nearly $US 4.69 billion, a slight decrease of 0.4% compared to the same period last year.

The markets importing Vietnam's telephones and accessories in the first two months of 2017 mainly were: United Arab Emirates with a turnover of $US 546 million, a decrease of 14.2% compared to the same period in 2016; South Korea with a turnover of $US 461 million, an increase of 42.1% compared to the same period in 2016; and the United States with a turnover of $US 396 million, a decrease of 27.6% compared to the same period in 2016.

Textiles and clothing: The export turnover of this commodity group in February 2017 reached $US 1.39 billion, a decrease of 35.7% compared to the previous month. Thus, the export turnover of this commodity group in the first 2 months of 2017 reached $US 3.53 billion, an increase of 8.4% compared to the same period in 2016. Textiles and clothing exports achieved a good result in all major markets, including the US with a turnover of $US 1.72 billion, an increase of 7% compared to the same period in 2016; the EU with a turnover of $US 488 million, an increase of 7.1% compared to the same period in 2016; Japan with a turnover of $US 438 million, an increase of 8.5% compared to the same period in 2016; and Korea with a turnover of $US 377 million, an increase of 14.4% compared to the same period in 2016.

Computers and electronic components: The export turnover of this commodity group had the largest contribution (more than $US 1 billion) in the export turnover of the country. The export turnover of computers and electronic components in the first two months of 2017 exceeded $US 3 billion for the first time, reaching $US 3.31 billion, an increase of 43.5% compared to the same period in 2016.

The exports to China and Malaysia increased dramatically with a turnover of $US 826 million and $US 234 million, increasing by more than twice and more than three times compared to the same period in 2016 respectively, while other markets remained steady.

Footwear: The export turnover of footwear in the first 2 months of 2017 reached $US 2.03 billion, an increase of 8.6%.

The export turnover of this commodity group to the US and China market had outstanding growth. Specifically, exports to the United States reached $US 653 million, an increase of 8.7% compared to the same period 2016 and exports to China reached $US 175 million, an increase of 33% compared to the same period 2016. Particularly for the EU - the largest import market of Vietnam, exports to the EU reached $US 654 million, a slight increase of 4.1% compared to the same period in 2016.

Machinery, equipment, tools and spare parts: The export turnover of this commodity group in February 2017 reached $US 908 million, a decrease of 7% compared to the previous month. Thus, the export turnover of this commodity group in the first 2 months of 2017 reached nearly $US 1.8 billion, an increase 39.4% compared to the same period in 2016.

The key markets importing machinery, equipment, tools and spare parts in the first 2 months of 2017 were as follows: the US with a turnover of $US 380 million, an increase of 28.7% compared to the same period in 2016; Japan with a turnover of $US 243 million, an increase of 11.2% compared to the same period in 2016; and China with a turnover of $US 229 million, an increase of 108.3%.

Wood and wooden products: The export turnover of this commodity group in February 2017 reached $US 454 million, a decrease of 25.4% compared to the previous month. Thus, the export turnover of this commodity group in the first two months of 2017 reached $US 1.07 billion, an increase of 14.1% compared to the same period in 2016.

Wood and wooden products in the first 2 months of 2017 were mainly exported to the US market with a turnover of $US 414 million, an increase of 11.9% compared to the same period in 2016; to China with a turnover of $US 162 million, an increase of 65.1% compared to the same period in 2016 and to Japan with a turnover of $US 146 million, a decrease of 0.6% compared to the same period in 2016.

Exports of agricultural products (including vegetables, cashew nuts, coffee, tea, pepper, rice, cassava and products from cassava and rubber): Exports of this commodity group in February 2017 reached more than $US 1.21 billion, a slight increase of 3.2% compared to the same period in 2016. Thus, the export turnover of this commodity group in the first 2 months of 2017 reached nearly $US 2.39 billion, an increase of 15.9% compared to the same period in 2016.

In the first two months of 2017, the commodities with the highest increase were as follows: vegetables and fruits increased by 27.3% compared to the same period in 2016; coffee increased by 28.8% compared to the same period in 2016, especially rubber increased by 27.7% in volume but increased by 130.4% in value. On the contrary, rice sharply dropped by 23.5% in volume and 27.7% in value compared to the same period in 2016. Pepper increased by 11.1% in volume but it decreased by 13.5% in value.

Aquatic products: The export turnover of this commodity group in February 2017 decreased by 13.5% but in the first two months of 2017, it increased by 5.1% compared to the same period in 2016. The export turnover of Vietnamese aquatic products in February 2017 reached $US 426 million. Thus, the total turnover in the first 2 months of 2017 reached $US 915 million. Specifically, exports to the United States reached $US 153 million, a decrease of 18.6% compared to the same period in 2016; exports to Japan reached $US 150 million, an increase of 28.4% compared to the same period in 2016; and exports to China reached $US 88 million, an increase of 18.8% compared to the same period in 2016.

By Ha Nhi/ Hoang Anh

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