Export turnover reaches more than USD 7 billion

12/04/2019 08:59

(BNP) - According to the Statistics Bureau, the total export turnover in the first quarter of the year was estimated at USD 7,014.6 million, down 16.6% over the same period last year.

An illustration.

In particular, the FDI sector obtained USD 6,997 million, down 16.6%, due to the decrease in phone and screen groups. Besides, other traditional products have not signed new contracts, so the export turnover is also low such as textile and garment (-60.8%), plastic materials (-34%), and computers and accessories (-1.5%).

However, the export trend of March (+36.6% over the previous month), has shown that in the second quarter, the export turnover will be higher because the Samsung Galaxy S10 phone will be sold widely in the market worldwide.

Meanwhile, the total import turnover in the first quarter was estimated at USD 5,423.3 million, decreasing by 7.1% compared to the first quarter of 2018. Some imported goods have a lower value compared to the same period last year such as electronic components; devices; raw materials for processing animal feed; Plastic materials; common metal.