11 items with export value of over US$1 billion during Q1

VOV.VN - Vietnam posted 11 items with a total export turnover exceeding US$1 billion during the first quarter of the year, of which mobile phones and spare parts topping the list at US$14.1 billion, according to data released by the Ministry of Industry and Trade (MoIT).

The MoIT stated that the nation raked in an overall amount of US$77.34 billion from exports throughout the reviewed period, representing an annual increase of 22%.

Most notably, the country also witnessed 11 items record an export turnover of over US$1 billion by the end of March, accounting for 76.6% of total export value. Of the 11 export commodities, there were four items with an export turnover of over US$ 5 billion.

Statistics indicate that phones and components topped the list of key items with the highest value at US$14.1 billion, making up 18.2% of total export turnover and representing an increase of 9.3% compared to the same period from last year, followed by electronics, computers and components with US$12 billion, a rise of 31.3%.

Furthermore, the export of machinery, equipment, tools and spare parts also skyrocketed by 77.2% to US$9.1 billion, while timber and wood exports also enjoyed a surge of 41.5% to US$3.7 billion.

During the opening three months of the year, exports of processed industrial products hit US$67.39 billion, a climb of 24.8% compared to last year’s corresponding period.

According to figures compiled by the MoIT, Vietnamese exports to major markets have maintained stable growth, with exports to China, the EU, ASEAN, and the Republic of Korea expanding by 34.3%, 18%, 5.7%, and 6.4%, respectively.

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