Export value reaches US $5.8 billion in July

VGP – Việt Nam’s export turnover is expected to reach by US $5.8 billion, showing a 20.7% increase over the same period last year, said the Ministry of Industry and Trade and the Ministry of Finance.

July 28, 2010 8:23 AM GMT+7

Illustration photo

The figure brings the total export turnover in the first seven months to US $38.27 billion, up 17.5% against the same period in 2009.

Products of processing industry have seen big surges in revenue, for example chemicals (258% with US $147 million); steel (224% with US $573 million), means of transport and spare parts (101% with US $923 million); and electric wires and cables (79.5% with US $708 million).

The export turnover of agricultural and aquatic goods has grown 10.4%, rubber 85%, pepper 41%, peanut 25%, and tea 10.3%.

However, the value of fuels and minerals was estimated at US $4.7 billion, down 6.9% against the same period last year.

It is forecasted that thanks to rising global demands for exports following the economic recovery, the turnovers of some industrial commodities will expand in the coming months.

Việt Nam’s import turnover in July has been US $6.95 billion, up 9% bringing the total import turnover in the first seven months to over US $45 billion, up 25.5%.

By Kim Loan