Ha Noi’s export revenue grows 8.1% in first five months

31/05/2021

VGP – Ha Noi’s export turnover in the first five months of 2021 was estimated to reach US$5.89 billion, an increase of 8.1% over the same period last year, according to the municipal Department of Industry and Trade.

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Of the figure, the domestic economic sector represented US$3.129 billion, down 2.7%, while the foreign direct investment (FDI) sector recorded a value of US$2.761 billion, up 23.7%. 

Some commodity groups that reported significant year-on-year growth included phones and spare parts (US$147.2 million, a 2.1-fold increase); footwear (US$136.2 million, up 39.8%); glass and glass products (US$167.5 million, up 29.8%); machinery and equipment (US$791.5 million, up 24.8%); and wood and timber products (US$273.9 million, up 24.6%). 

There were two groups of goods with declines in revenue, including agricultural products reached (US$315.2 million, down 7.1%) and petroleum (US$231.5 million, down 38.2%).

In May, despite the emergence of many new COVID-19 cases, Ha Noi made efforts to contain the pandemic and maintain production activities. The city’s index of industrial production (IIP) during the month grew by 1.8% from April 2021 and rose by 5.1% compared to May 2020.

Regarding the Jan-May period, the capital’s IIP surged by 9.4% year-on-year, with the manufacturing sector expanding by 9.7%, electricity production and distribution up 6%, water supply and waste & wastewater treatment up 6.9%, and the mining industry up 3.4%.

Most of the manufacturing industries saw year-on-year IIP growth and some reported high increases such as beverage production (up 28.1%), production of chemicals and chemical products (up 19%), motor vehicle production (up 18.8%); production of paper and paper products (up 17.3%); costume production (up 15.2%); production of tobacco products (up 15%), and machinery and equipment production (up 15%).

By Vien Nhu