Export of machinery and equipment increases by more than US 8 billion

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VCN- Machinery, equipment, tools, and spare parts are the export group with the largest increase in turnover of up to US$8.42 billion.

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The increase in export turnover until the end of October 15. Chart: T.Binh

According to the General Department of Vietnam Customs, by the end of October 15, Vietnam’s total export turnover reached more than US$254 billion, an increase of 18%, equivalent to an increase of US$38.74 billion over the same period in 2020.

In which, a number of commodity groups increased sharply, such as machinery, equipment, tools and spare parts increased by US$8.42 billion, equivalent to 43%; iron and steel of all kinds increased by US$5.12 billion, corresponding to an increase of 135.3%; computers, electronic products, and components increased by US$4.25 billion, equivalent to 12.5%; phones and components increased by US$4.07 billion, equivalent to an increase of 10.3%.

However, in terms of turnover, phones and components are still the largest export group of the country with US$43.48 billion.

In second place are computers, electronic products, and components with US$38.39 billion; while machinery, equipment, tools, and spare parts ranked third with US$27.97 billion.

Regarding the export market, the US is the largest consumer of Vietnamese goods with a turnover of US$68.87 billion (updated by the General Department of Vietnam Customs at the end of September), up 25.9% over the same period last year and accounting for 28.6% of the total export turnover of the country.

By the end of October 15, the total export turnover of goods of the group of enterprises with foreign direct investment (FDI) reached nearly US$186 billion, up 21.7%, equivalent to a US$33.1 billion increase over the same period last year, accounting for 73.2% of the country’s total export turnover.

By Thai Binh/Dieu Huong

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