Key export commodity groups still maintain growth
In the first seven months of 2021, export turnover of goods reached USD 185.33 billion, an increase of 25.5% over the same period last year. In which, there are 27 items with export turnover of over USD 1 billion, accounting for 90.2% of total export turnover (5 export items of over USD 10 billion, accounting for 57.8%).
Specifically, phones and components have the largest export turnover, reaching USD 29.4 billion, accounting for 15.8% of total export turnover, an increase of 11.9% over the same period last year; electronics, computers and components reached USD 27.4 billion, an increase of 16.5%; machinery, equipment, tools and spare parts reached USD 19.7 billion, an increase of 55.4%; textiles and garments reached USD 18.6 billion, an increase of 14.1%; footwear reached USD 12.1 billion, an increase of 27.7%, etc.
Notably, in the past 7 months, all three groups of processed industrial products, agricultural and aquatic products and mineral fuels all had positive growth in export turnover over the same period.
Export turnover of processed industrial products ranked first with USD 159.12 billion, an increase of 27.9% over the same period in 2020, accounting for 85.85% of the country's total export turnover.
Exports of textiles, garments and footwear continued to maintain their recovery momentum with more than double-digit growth: textiles and apparel increased by 14.1%; footwear of all kinds increased by 27.7%; other technical curtains increased by 86.7%; yarns, fibers of all kinds increased by 62.8% compared to seven months of 2020.
Next is the group of agriculture, forestry and fishery with USD 15.78 billion, an increase of 14.6% over the same period in 2020, accounting for 8.52% of total export turnover.
In which, rubber is the fastest growing commodity in the first seven months of 2021 with an increase of 33.6% in volume and 73.6% in value over the same period in 2020, reaching 914 thousand tons, worth USD 1.5 billion.
Export turnover of cassava and products from cassava, pepper and cashew kernels respectively increased by 24.1%; 49.8% and 14% over the same period in 2020. Similarly, the two items with the largest export turnover in this group, seafood and vegetables, also increased by 12.0% and 15% respectively over the same period in 2020.
However, there are still some items that have decreased in both turnover and export volume. Specifically, rice products reached USD 1.9 billion, decreased by 0.6% (the volume decreased by 10.6%); coffee reached USD 1.8 billion, decreased by 1.7% (volume decreased by 9.3%); tea reached USD 113 million, decreased by 0.3% (volume decreased by 4.5%).
For fuel and minerals, in the past seven months, there was also a positive growth with export turnover reaching USD 1.78 billion, a slight increase of 1.7% over the same period last year, accounting for 0.96% of the total export turnover.
- IMF forecasts that Vietnam has the highest GDP growth among the 5 ASEAN countries
- CPTPP creates favorable conditions for Vietnam to export to Canada
- Taking advantage of incentives to boost export growth to Mexico
- Industrial production index in 2021 is forecast to increase by 6%
- Export turnover to the US reached USD 61.8 billion in eight months of 2021
- Export turnover to the Netherlands and Germany increased in eight months of 2021
- Trade surplus returns in September
- World Bank forecasts Vietnam's GDP to grow 4.8% this year
- Trade surplus of more than USD 13 billion to the EU market
- Steel exports hit a record