10 Export Categories Generate Nearly US$30 Bln in Additional Revenue

Vietnam's export value reached US$265.44 billion in the first eight months of 2024, reflecting year-on-year growth of 15.9%, according to the General Department of Vietnam Customs (GDC). Remarkably, ten export categories each generated at least US$1 billion more compared to the same period in 2023.

The 10 billion-dollar export groups include computers, electronic products and components with the value rising by US$10.40 billion; machinery, equipment and parts by US$5.89 billion; telephones and components by US$3.23 billion; wood and wooden products by US$1.92 billion; textiles and garments by US$1.82 billion; cameras, camcorders and components by US$1.61 billion; footwear by US$1.59 billion; vegetables and fruits by US$1.18 billion; coffee by US$1.05 billion; and plastic products by US$1.03 billion.

Collectively, these ten categories contributed an additional US$29.72 billion compared to the previous year, accounting for 81.5% of the overall increase in export value.

The main export markets for these exports are the United States, the EU, China, South Korea, Japan and ASEAN.

By export market, the 10 largest markets all grew strongly in the reporting period.

Six markets saw an increase of at least US$1 billion. Export shipments to the United States valued US$78.2 billion, an increase of US$16.08 billion; to the EU valued US$34.08 billion, an increase of US$5.08 billion; to China worth US$38.1 billion, an increase of US$1.7 billion; to ASEAN valued US$24.45 billion, an increase of US$2.84 billion; to South Korea valued US$16.83 billion, an increase of US$1.3 billion; and to Hong Kong (China) valued US$8.1 billion, an increase of US$2.27 billion.

By Huong hau, Vietnam Business Forum