28 items see import value of over US$1 billion in seven months

Tuesday, 2019-08-06 10:30:16
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Processing cashew nuts for exports in An Phu Industrial Zone, Tuy Hoa City, Phu Yen province. (Photo: NDO/Viet An)
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NDO/VNA – As many as 28 commodities reported import value of more than US$1 billion in the first seven months of 2019, according to the General Statistics Office.

In combination, the 28 commodities made up 85.8% of total purchase from foreign countries in the reviewed period.

Vietnam splashed out US$143.34 billion on imports during January-July, up 8.3% against the same period last year.

Of the sum, some US$60.83 billion was contributed by the domestic economic sector, a rise of 12.6%, and US$82.51 billion by the foreign-invested sector, growing 5.3%.

The country bought US$28.2 billion of electronic products, computer and parts, up 19% year-on-year, US$20.8 billion for telephone and parts, up 12.7%, US$7.8 billion for cloth, up 1.5%, US$5.2 billion for plastic, 1.5%.

Most of the goods were bought from China, the Republic of Korea, the US, ASEAN and European countries.

Vietnam earned US$145.13 billion from shipping goods abroad in the first seven months of the year, a year on year surge of 7.5%, resulting in a trade surplus of US$1.8 billion.

The growth in export value was mainly contributed to by 24 ‘billion dollar’ goods items, which accounted for 88.1% of total export revenue. Telephones and spare parts were the largest earners, followed by electronics, computers and spare parts, and garment and textiles.

The US was the largest importer of Vietnam in the period while the EU and China came second and third, respectively.