Export of gems and precious metals accelerated

Vietnam’s export of gems and precious metals reached US$729.85 million in revenue in the first nine month of this year, a year-on-year increase of 63.44%.

These statistics were revealed by the General Department of Vietnam Customs.

It’s reported that the country’s gems and precious metals are exported to 14 countries and territories including Switzerland, United States, United Arab Emirates and Japan, as well as the Republic of Korea (RoK) and France.

Switzerland was the largest importer with turnover of US$324.83 million, accounting for 45% of Vietnam’s total exports and representing a 23-fold increase compared with the same period last year.

The second largest importer was the United States with an import value of US$243.33 million, 8.73% lower than the same period last year, accounting for 32% of Vietnam’s total exports.

It was followed by Japan, which imported gems and precious metals worth US$38.77 million, a year-on-year increase of 15.56%.

The growth rates of exporting gems and precious metals to the RoK and Germany were 46.77% and 7.48%, respectively.

However, exports to a number of countries and territories also declined, such as Belgium, France, Australia and Taiwan, with year-on-year reduction of 38.35%, 13.11%, 3.52% and 29.91%, respectively.

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