Industrial Exports Rise 18 per cent in Q1

Vietnam earned an estimated US$7.94 billion from industrial exports in the first quarter this year, posting an on-year increase of over 18 per cent, accounting for 75.7 per cent of the country’s total export revenues.

 

The rise is attributed to high on-year export growth of key industrial products in the period, specifically, textile and garment exports surged 30.1 per cent to reach US$1.65 billion, plastics 53.2 per cent to US$149 million, woodwork 25 per cent to US$584 million, and electronics & computer parts 16.9 per cent to $441 million.   

 

Enterprises under the Ministry of Industry generated total export values of only $1.14 billion in the period, down 8.2 per cent on-year, as crude oil exports fell 14.6 per cent due to a drop of 5-8 per cent in export prices.

 

The industrial sector’s 2006 export revenue is estimated to reach over $30 billion, an on-year rise of 22.4 per cent, making up 76 per cent of the country’s total exports value.

 

In the first three months this year, Vietnam’s total export turnover is estimated at $10.48 billion, a rise of 17.9 per cent on-year, while import spending is $11.8 billion, up 33.6 per cent on-year.