Ha Noi’s exports see sharp rise

July 30, 2019 10:00 AM GMT+7

VGP – Ha Noi’s export revenues are estimated to reach US$1.398 billion in July, representing a 3.6% increase against the previous month and up 22.7% compared to the same period last year, according to a report on the export situation in the city.

Agricultural products are among the group of exports with moderate year-on-year growth, at 25%. Others include computers, electronics and components (up 11.6%); ceramics (up 17.8%); petroleum (up 163.1%); means of transport and spare parts (up 40.3%); and phones and components (up 53.3%).

Some commodity groups have reported declined export turnover this month, including footwear and leather products (down 46%), and machinery, equipment and spare parts (down 4.7%).

Concerning the January-July period, Ha Noi exported roughly US$8.599 billion worth of commodities, up 7.9% year on year. Computer components and peripheral devices occupied the largest share with US$1.457 billion, up 6.8% annually, followed by garment and textile with US$1.137 billion (up 14.3%); machinery, equipment and spare parts with US$1.01 billion (up 2.9%); petroleum with US$913 million (up 12.8%); and means of transport and spare parts with US$791 million (up 26.9%).

In July, the capital city has imported approximately US$2.872 billion worth of goods, up 3% over the previous month and up 17.2% compared to the same period last year. The domestic economic sector posted an import value of US$2.353 billion, up 3.1% against June and up 22.8% year on year, while the foreign-invested sector imported US$519 million worth of products, up 2.4% month on month and down 3.1% annually. 

Some groups of commodities see increased import revenues, namely computers, electronics and components (up 61.3% annually); means of transport and spare parts (up 35.5%); and household electrical appliances and components (up 134.7%).

In the first seven months of the year, Ha Noi imported US$18.629 billion worth of goods, up 6.3% over the same period last year, including computers, electronics and components (up 44.9%); means of transport and spare parts (up 60.7%); and household electrical appliances and components (up 21.4%). 

By Vien Nhu

 

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