Cell phone exports up 114.8%
18:03 | 02/02/2021

VGP - Viet Nam's total merchandise import and export turnover in the first month of this year is estimated at $54.1 billion, up 45.7% over the same period last year, according to the report of the Ministry of Industry and Trade (MoIT).

Ilustration photo

In January, there were six items with an export turnover of over $1 billion, accounting for 67.3 percent of the total exports.

Of which, mobile phones and components saw the highest export value at $5.8 billion, accounting for 20.9% of total exports, up 114.8%  year-on-year.

By launching the Samsung Galaxy trio, this company achieved an export turnover of US$5.8 billion, up 114.8% compared to the same period last year, contributing to increasing the total import and export turnover of Vietnamese goods  to $54.1 billion, up 45.7%.

Specifically, the export turnover hit $27.7 billion, up 50.5%, while import turnover touched $26.4 billion, up 41%.

Therefore, the merchandise trade balance in January is estimated to have a trade surplus of $1.3 billion.

China was still the largest import market of Viet Nam, with a turnover of $9.6 billion, up 72.7% over the same period last year.

The U.S is Viet Nam's largest export market, with a turnover of $7.5 billion, an increase of 57.4% year-on-year, followed by China, Japan the EU, the ASEAN, and the Republic of Korea.

        By Vien Nhu

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