Fine art ceramic exports plunge in Q1
VOV.VN - Vietnamese exports of fine art ceramics during the first quarter of the year dropped sharply by 48.6% to US$39,799 million against the same period from last year, according to statistics released by the General Department of Vietnam Customs.
March alone witnessed the country’s fine art ceramic exports plummet by 55.8% to US$13 million on-year.
Ceramic pots remain the most export item in February, duly accounting for 71.2% of the country's total export turnover of fine art ceramics, reaching US$9.12 million, a decline of 8.4% from the previous month and 19.4% compared to the same period from last year.
Throughout the first two months of the year, the export of ceramic pots plunged by 47% to US$19.08 million against last year’s corresponding period.
With regard to export markets, Vietnamese exports of fine art ceramics to the EU market in February reached US$4.05 million, a drop of 5.7% on-year, while the export of fine art ceramics to the demanding market during the two-month period reached US$8.81 million, a fall of 44.1% on-year.
Meanwhile, fine art ceramic exports to the United States in February dropped by 15.6% to US$5.39 million on-year, with two-month exports of the product to the market decreasing by 42.3% to US$11.17 million on-year
This sharp decline can be attributed to global uncertainties, leading to a shortage of export orders over recent months.
Furthermore, local businesses encountered difficulties in terms of meeting the stringent regulations of origin traceability for handicraft products set by foreign importers.
According to details given by experts, businesses are required to actively diversify their export markets and fully tap into the domestic market moving forward.