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11M phones and accessories exports estimated at $31.33bn

Released at: 08:30, 01/12/2016

11M phones and accessories exports estimated at $31.33bn

Photo: Duc Anh

Total import and export turnover increases significantly year-to-date.

by Luong Nhi

The export value of phones and their accessories in November was $3 billion, up 5.8 per cent compared to October, bringing the figure for the first eleven months of the year to $31.33 billion, up 10.2 per cent year-on-year, the General Department of Vietnam Customs has announced.

Other important export sectors, including computers, electrical products and accessories, stood at $1.95 billion in November, up 2 per cent compared to October. The total for these goods for the first eleven months was $16.75 billion, an increase of 17.1 per cent compared to 2015.

In November, import and export turnover totaled $31.6 billion, a 1.1 per cent increase compared to the previous month. Export turnover was $15.6 billion, up 1.3 per cent, while the trade deficit was $400 million.

Total import and export turnover in the first eleven months was estimated at $316.16 billion, up 5.5 per cent compared to the same period in 2015. Export turnover was $159.5 billion, up 7.5 per cent, and total import turnover was $156.66 billion, up 3.5 per cent. The trade surplus during the period was $2.84 billion.

In October, export and import value was $31.25 billion, up 4.3 per cent, or a $1.27 billion increase compared to September. Export value was $15.4 billion, a slight decrease of 0.1 per cent, or $18 million. Import turnover was almost $15.85 billion, an increase of 8.9 per cent, or $1.29 billion.

In the first ten months, total export and import value was almost $284.56 billion, a 4.6 per cent year-on-year increase. Export value was over $143.9 billion, up 7 per cent or $9.44 billion, while import value was almost $140.66 billion, a 2.2 per cent, or $3.02 billion, increase. The trade deficit in October was $445 million, while the trade surplus in the first ten months was nearly $3.25 billion.

Import and export turnover of the foreign-invested sector in October was $20.51 billion, up 3.6 per cent, or $718 million. Import and export turnover was over $10.99 billion, an increase of 0.3 per cent, or $38 million. Import value was almost $9.52 billion, up 7.7 per cent, or $681 million, compared to September.

The ten-month figure for the foreign-invested sector was $184.16 billion, up 6.2 per cent, or $10.78 billion. Export value was $100.88 billion, up 10 per cent, while import value was $83.28 billion, up 2 per cent. The trade surplus of the foreign sector in October was nearly $1.48 billion, and in the first ten months was nearly $17.6 billion.

The export value of phones and accessories in October was almost $2.84 billion, a 2.6 per cent decrease compared to September. However, the ten-month figure was over $28.33 billion, a 10.4 per cent increase.

Major markets importing phones and their accessories from Vietnam in the first ten months were the EU, with import turnover of over $8.97 billion, up 5.1 per cent, the US, with $3.47 billion, up 52.4 per cent, and the United Arab Emirates, with $3.39 billion, a 12.9 per cent decrease.  

Regarding computers and electrical items, in October, the value was over $1.91 billion, up 10 per cent, bringing the ten-month figure to over $14.8 billion, up 15.6 per cent year-on-year.

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