THE MAIN EXPORT COMMODITIES IN Q1/2017
VNC – According to the General Department of Customs, export turnover of 10 largest commodities in the first quarter 2017 reached nearly $US 31.76 billion, accounting for 71.1% of the country’s total export turnover. In which, telephones and accessories were the largest commodities, yet decreased by 6.1% over the same period last year, while most of the top 10 commodities achieved positive growth.
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10 largest export commodities in the first quarter of 2017 compared with the same period of 2016
Telephones and accessories: Exports of telephones and accessories reached $US 3.09 billion in March 2016, an increase of 31% over the previous month, bringing the export value of this commodity to $US 7.77 billion in the first quarter 2017, down to 6.1% over the same period in 2016.
The main importers of Vietnamese telephones and accessories in the past three months include: the EU with $US 2.38 billion, down nearly 6.1% and occupying 30.6% of the country’s total export value in this commodity groups. Followed by the United Arab Emirates: nearly $US 901 million, down 19.9%; South Korea: $US 755 million, up 32.8%; United States: $US 620 million, down 43% … over the same period in 2016.
Textile and garment: Export value reached $US 2.1 billion, up sharply from 51.6% over the previous month, thereby raising the export value of this commodity group in the first three months 2017 to $US 5.62 billion, an increase of 10 % over the same period in 2016.
In the past three months, textile and garment exports turnover to the US market reached $US 2.72 billion, up 8.1%; to the EU reached $US 733 million, up 6.6%; to Japan reached $US 715 million, up 12.4% and to Korea: 617 $US million, up 17.1% over the same period in 2016.
Computers, electronic products, and components: Exports of computers, electronic products and components reached the highest level so far in March 2017 with a turnover of $US 2.19 billion, up 27, 5% over the previous month. As a result, the total export turnover of this group of three months increased to $US 5.52 billion, a 47.8% increase compared to the same period of 2016.
China remains the largest Vietnamese importer of this commodity group in the past three months with turnover reaching $US 1.37 billion, rising by 123.5%; followed by the EU: $US 1.04 billion, up 12.3%. Exports to these two markets accounted for 44% of country’s total exports of computers, electronic products, and components
Footwear: Exports of this group in this month reached over $US 1.09 billion, up 26.6% over the previous month. Hence, export turnover of this commodity group in the first quarter 2017 reached nearly $US 3.12 billion, up 11.9% over the previous month.
The import markets of footwears in Vietnam in the first quarter 2017 mainly include the US market with $US 1.07 billion, up 13.3% over the same period last year; EU market (28 countries) reached $US 988 million, up 9.9%; China market reached $US 240 million, up 28.5%;
Machinery, equipment, tools and other spare parts: Export turnover reached nearly US$ 1.13 billion in the month, up 24.3% over the previous month, bringing the export turnover to nearly $US2.91 billion in this quarter, up 37.5% over the same period last year.
The import markets of machinery, equipment and other spare parts of Vietnam in the first quarter 2017 mainly include the US market with $US 602 million, up 26.7%; Japan market reached $US 402 million, up 14.5%; China market is $US 370 million, up 85.6%;
Agricultural products (including vegetables, cashew nuts, coffee, tea, pepper, rice, cassava and cassava products): Agricultural exports reached $US 1.59 billion in March 2017, bringing the export turnover to $US 3.94 billion in this quarter, up 15.3% over the same period last year.
Import markets of Vietnam’s agricultural products in the first quarter of 2017 mainly include: China market with $US 1.47 billion, up 27.6% over the same period last year; EU market (28 countries) with $US 748 million, up 24.8%; US market with $US 457 million, up 23.5%; ASEAN market with $US 371 million, down 17.5%; Japan market with $US 92 million, up 17%; Korea market with $US 86 million, up 52%;
Exports of fruits and vegetables in this month reached $US 280 million, up 49.5% over the previous month, bringing the export turnover reached $US 701 million in the first quarter 2017, up 29.8% over the same period last year.
Cashew nut export in this month achieved strong growth in both volume and value, with 24 thousand tons worth $US 230 million, up 80.1% in volume and 88% in value over the previous month. Thereby, export turnover of this commodity group reached 56 thousand tons in the first quarter 2017, valued at $US 515 million, down 4.6% in volume, yet up 16.9% in value.
Coffee export reached 168 thousand tons in the month, worth $ 382 million; Increased 14.8% in volume and 15.1% in value, bringing the export turnover in 3 months 2017 reached 454 thousand tons, worth nearly $US 1.03 billion, down 4.3% in volume, yet 27.5% in value over the same period last year.
Rice export in this month reached 551 thousand tons, worth US$ 251 million, up 38.8% in volume and 47.2% in value over the previous month, thereby bringing the rice export turnover in first 3 months 2017 reached 1 29 million tons worth $US 565 million, down 17.5% in volume and 17.3% in value over the same period last year.
Rubber exports in this month were 66 thousand tons, worth $US 138 million, down 26.8% in volume and 27.9% in value, bringing the export turnover in the first quarter of this commodity group reached 250 thousand tons, worth $US 511 million, up 6.7% in volume, up 90.7% in value over the same period last year.
Seafood products: Vietnam’s seafood exports reached $US 603 million in March 2017, up 41.6% over the previous month, thereby bringing the total export turnover of these commodities to $US 1.51 billion in the first 3 months 2017, up 7.9% over the same period last year. By the end of March, Vietnam’s seafood exports grew in most main markets except the US. Specifically, exports to Japan: $US 253 million, up 29.3%; United States: $US 251 million, down 14.4%, to the European Union (EU): $US 249 million, up 2.3%; China: $US 144 million, up 20.9% and South Korea $US 141 million, up 26.4%…
Crude Oil: The volume of crude oil export was 470 thousand tons in this month, down 11.8%, worth $US 181 million, down 18.3% from the previous month. By the end of March 2017, the country’s crude oil exports reached 1.52 million tons, down 16.2% and $US 637 million, up 27.1% over the same period last year.
The crude oil of Vietnam is mainly exported to China: 704 thousand tons, down 39.8%; to Japan: 237 thousand tons, up 206.9%; to Singapore: 193 thousand tons (there is not any crude oil exported to this country by the same period in 2016)
Coal: Vietnam’s coal exports reached 194 thousand tons in March 2017, up 45.2% over the previous month, worth $US 30 million, up 31.8%. In the first three months of 2017, the amount of coal exported was 401 thousand tons, up 5.1 times and reached the value of nearly $US 65 million, up 12 times from the same period in 2016.
China continues to be the biggest coal consumer of Vietnam with over 5 million tons, up 4% and accounting for 80% of country’s total exports.
By HA NHI/LINH PHAN
Source: http://customsnews.vn/