According to statistics of General Department of Vietnam Customs, the export turnover increased sharply compared to imports in the first two months of 2020.
In the first two months of 2020, import-export activities were strongly affected by the Covid-19 epidemic. However, export activities achieved good growth.
In February, the country's export turnover exceeded $20.8 billion, bringing turnover in the first two months of the year up to more than $39 billion, up by 8.4 percent (equivalent to more than $3 billion) compared to the same period last year.
An important contribution to the growth of export turnover is phones and accessories; computers, electronic products and components; machinery, equipment and tools with a two-digit growth rate.
In particular, phones and components increased by more than $900 million (equivalent to 12.2 percent); computers, electronic products and components increased by more than $1.6 billion (equivalent to 27.4 percent); and machinery, equipment, tools and spare parts increased by more than $630 million (equivalent to 25.3 percent).
The three above groups contributed greatly to the turnover with an increase of $3 billion, equivalent to the additional increase in exports of the whole country in the first two months.
In the first two months of the year, the country imported goods with a turnover of nearly $37.3 billion, up by 2.9 percent over the same period in 2019.
Notably, imported finished unit cars (CBU cars) reached 14,523 units with turnover of $333.34 million, down by 43.3 percent in volume and 41.8 percent in turnover compared to the first two months of last year.
By the end of February, Vietnam experienced a trade surplus of nearly $2 billion.
Source: VCN
Key words: exports, increase, $3 billion, in period of, Covid-19
