The proportion of export to Western Europe market increases

10/10/2019 08:35

(BNP) - Following the trend of industrial production, foreign trade activities decreased in the first 6 months of the year and increased again in the third quarter with a positive impact from the action of the key products of mobile phones and electrical components.

Manufacturing electronic components at FPCB Factory of Vintrig Co., Ltd.

According to the Department of Statistics, the total export turnover of goods in the province in 9 months was estimated at USD 24,285.8 million, down 9.3% compared with the same period in 2018. Of which, electronic group accounted for 80.2%; computer products and accessories group accounted for 18.5%...

In terms of market, there has been a significant change in the share of exports in the first 9 months this year in some major markets, among which, the export proportion to East Asian countries has dropped sharply, from 46% (2018) to 23.3% (2019) (especially,  the Chinese market sharply reduced from 41.2% to 15.5%); while the proportion in Western Europe increased from 4.1% to 6.1%; the North America increased from 10.3% to 12.2% (mostly in the US market, from 10.2% to 11.6%).

Besides, in 6 months, the total import turnover of goods was estimated at USD 19,662.3 million, down 2.4% compared to the same period in 2018. Of which, the FDI sector reached USD 19,346.3 million and decreased by 2.3%. Some key commodity groups saw a large decrease in imports such as animal feed; plastic; paper types; machinery and equipment ... Some products maintained high growth rates such as pharmaceutical raw materials; fabrics of all kinds; fibers, textile fibers; textile and footwear accessories; steels; common metal. /.