The major export items of Vietnam early in 2016

(www.bestcargo.vn)

According to the latest figures from the General Department of Customs, as of 15/02/2016, there are 4 groups of export goods worth 1 billion USD turnover upwards. The items which include telephones and components; textiles; computers, electronic products and accessories, and footwear.

Accordingly, the leading commodity exporters are still telephones and components worth USD 3.03 billion turnover. Although phone export value and large parts but overall assessment, mainly due to a major contribution of enterprises in foreign direct investment. In it is worth noting that the phone and phone components with the participation of Samsung, LG, Microsoft (after the acquisition of Nokia), the unit has chosen Vietnam as the main production site in the world and area, pulling hundreds of parts suppliers should accompany helped the exports of this commodity group increased.

With the development of increasingly deep telephone companies as well as technology companies in the world in Vietnam, analysts believe that exports of the mobile industry and the electronics of Vietnam will continue to rise high in the near future.

In second place is the group of textile items with export turnover reached 2.599 billion US dollars. Take advantage of the trade agreement with ASEAN, the US, EU, particularly free trade agreements Vietnam – Korea takes effect, expected in the coming years, this group is expected will contribute 20% export growth for consumer goods from now until 2030.

In addition, there are two other product groups also export turnover reached over $ 1 billion items including groups of computers, electronic products and components 1,632 billion with the EU’s largest import market. Footwear exports reached 1.454 billion US dollars and the US is the largest market in addition to traditional markets such as Japan, Korea …

Notably, turnover value of all 4 key export commodity groups listed above are exports declined compared to the same period in 2015.

Accordingly, the group of goods and components phone 714 million decrease; textiles group fell 446 million dollars; commodity groups of computers, electronic products and components decreased US $ 314 million; footwear decreased $ 168 million. Thus, only four commodity groups mentioned above, turnover fell to 1.642 billion dollars compared to the same period of 2015.