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Despite COVID-19, Vietnamese Exports increase by more than $3 billion

22:00 | 13/03/2020

Despite the COVID-19 epidemic, Vietnamese export turnover rose strongly compared to imports in the first two months of 2020. 

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despite covid 19 vietnamese exports increase by more than 3 billion
The movement of import – export activities in the first two months of 2020 (in billion USD) (Photo source: T.Bình)

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.

despite covid 19 vietnamese exports increase by more than 3 billion

An important contribution to the growth of export turnover are 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.

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