Wednesday, May 27 2020

VietNamNews

HCM City exports increase 7.5 per cent in first quarter

Update: April, 01/2020 - 16:36

 

To raise export efficiency, the HCM City Department of Statistics has identified a list of goods with high export potential and competitiveness. VNS Photo Văn Châu

HCM CITY – HCM City’s exports increased by 7.5 per cent in the first quarter to US$9.85 billion, thanks to support policies and effective trade promotion.

But revenues from exports of agro-forestry-fishery products fell due to lower prices.

Agricultural exports fell by 3.2 per cent to $860 million, with coffee shipments reducing by 11.1 per cent to $143.2 million, and rubber shipments by more than 37 per cent to $85.5 million.

Forestry exports were worth $132.6 million, down 8.9 per cent, and fisheries exports declined by nearly a fifth to $188.3 million.

Industrial products accounted for 78.4 per cent of the city’s exports.

They were worth $6.76 billion, as exports of computers, electronic products and accessories increased by 35.3 per cent to $3.59 billion.

Textile and garment exports fell 11.3 per cent to $1.17 billion.

China remained the largest export market, buying goods worth more than $ 2.15 billion, a 31.6 per cent increase and accounting for 23.4 per cent of total exports.

The second largest market was the US, buying exports of more than $1.58 billion, up 5.9 per cent. — VNS

 

 

 

 

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