Export turnover at USD 12.34 billion since early this year

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Báo ĐCS English - 40 month(s) ago 7 readings

(CPV) – The General Statistics Office (GSO) of Vietnam reported that the country’s export turnover in February, 2011 reached USD 5.25 billion, raising the figure for the first two months to USD 12.34 billion, a year-on-year rise of 40.3%.

According to GSO, among 26 commodities, pepper and fossil coal witnessed decreases in turnover compared to the same period last year because of reduction in export volume. The remaining commodities enjoyed increases in turnover, specifically seafood, cashews, coffee, rice, manioc and products from manioc, rubber and vegetables.

Steel and iron exports had increased turnover, reaching nearly 85%, while garments and textile, footwear, bags, wood and wooden products achieved two-digit growth. Exports turnover of gemstones and precious metals increased by 28% compared to the same period last year.

Together with positive signs from exports, February’s trade gap stood at USD 950 million. This is the second consecutive month the figure was kept under USD 1 billion after surging and exceeding the billion dollar level in the last three months of 2010.

In February, import turnover posted USD 6.2 billion, a year-on-year decrease of 22%. Cotton took the lead among commodities with the largest increase in turnover, with 102.9%. Following were woven cotton, petrol and oil, clothing, computer and devices, and plastic materials.

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