HCM City’s exports up 7.5 percent in first quarter
HCM City earned 9.85 billion USD from exports in the first quarter of 2020, a year-on-year increase of 7.5 percent, thanks to support policies and effective trade promotion.
HCM City (VNA) - HCMCity earned 9.85 billion USD from exports in the first quarter of 2020, ayear-on-year increase of 7.5 percent, thanks to support policies andeffective trade promotion.
However, the export value ofagro-forestry-fishery products fell due to lower prices.
Agricultural exports droppedby 3.2 percent to 860 million USD, with coffee shipments declining by 11.1 percentto 143.2 million USD, and rubber shipments by more than 37 percent to 85.5million USD.
Forestry exports were worth 132.6 million USD, down 8.9 percent, and fisheriesexports declined by nearly a fifth to 188.3 million USD.
Industrial products accounted for 78.4 percent of the city’s exports. They wereworth 6.76 billion USD, as shipments of computers, electronic products and accessoriesincreased by 35.3 percent to 3.59 billion USD.
Textile and garment exports fell 11.3 percent to 1.17 billion USD.
China remained the city’s largest export market, buying goods worth more than 2.15billion USD, a 31.6 percent increase and accounting for 23.4 percent of totalexports.
The second largest market was the US, with an export value of more than 1.58billion USD, up 5.9 percent./.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
