Vietnam's phone exports to China tripled

In the first quarter of 2020, even though China was heavily influenced by the COVID-19 epidemic, Vietnam's exports of many goods to this country still increased sharply.
April 21, 2020 | 08:33

vietnams phone exports to china tripled Australia calls for probe into coronavirus, China rejects
vietnams phone exports to china tripled China’s announcement to establish administrative districts in East Sea null and void
vietnams phone exports to china tripled Vietnam strongly protests China’s so-called 'Sansha City’ on Vietnamese islands
vietnams phone exports to china tripled
(Photo: Infornet)

In the first quarter of 2020, even though China was heavily influenced by the COVID-19 epidemic, Vietnam's exports of many goods to this country still increased sharply.

According to the General Department of Customs, in March 2020, Vietnam's export turnover to China reached nearly 3.9 billion USD, thereby bringing the total turnover of the first quarter of 2020 to over 9,3 billion USD.

Compared to the same period of 2019, Vietnam's export turnover to China increased by more than 1.7 billion USD, equivalent to a growth rate of 23%.

It is worth noting that the export of mobile phones and components reached an impressive figure in the first quarter of 2020 with a value of nearly US$ 2 billion, soared nearly three times compared to the same period last year of US$ 510 million, according to Vietstock.

vietnams phone exports to china tripled
Photo: Bao cong thuong

The largest group of exports to this market was computers, electronic products and components with a turnover of nearly US$ 2.6 billion, also up sharply by 46%.

In the first quarter of 2020, the Chinese market alone contributed more than US$25.5 billion, accounting for nearly 21% of the country's import-export turnover and continued to be Vietnam's largest trading partner.

Trade between Vietnam and China has begun to recover positively after the two countries were affected by the COVID-19 epidemic, especially in the first months of the year when China became a global epidemic, reported by Phap luat TP.HCM.

vietnams phone exports to china tripled
Photo: VTC News

Total import and export turnover of Vietnam in March was estimated at US $ 39 billion, down 11.1% over the same period last year. Generally for the first quarter, total import and export turnover of goods reached US$ 115.34 billion, down 0.7%, of which exports reached US $ 59.08 billion, up 0.5%; import reached 56.26 billion USD, down 1.9%, trade surplus in the first quarter of this year reached 2.8 billion USD.

Compared to the same period last year, the total import-export turnover of Vietnam in the first 3 months was estimated at 115.34 billion USD, down 0.69%, of which exports were estimated at 59.07 billion USD, up 0.5% and imports were estimated at 56.26 billion USD, down 1.9%.

Vietnam's phone export turnover in March was estimated at US$ 4.8 billion, down 1.4% from the previous month. By the end of the first quarter, exports of phones and components of the whole country reached US$ 12.36 billion, up 2% over the same period last year.

vietnams phone exports to china tripled Vietnam's Q2 exports hopefully expect attainable targets

According to the MoIT, the first quarter of 2020 saw the country's merchandise exports reach US$59.08 billion, up 0.5% in comparison to the 5.2% figure ...

vietnams phone exports to china tripled Overcoming obstacles due to COVID-19, Vinamilk exports first batch of condensed milk to China

Vietnamese dairy giant Vinamilk has completed the production of the first batch of condensed milk for export to China. The export of milk to the ...

vietnams phone exports to china tripled Vietnam PM allows the export of medical masks

Prime Minister Nguyen Xuan Phuc has given his consent to allow the export of medical masks, protective suits, and medical equipment to support other countries ...

Candy Lee

Insider

Vietnam News Today (October 20): Transport Ministry Mulls Letting the Unvaccinated Fly National

Vietnam News Today (October 20): Transport Ministry Mulls Letting the Unvaccinated Fly

Vietnam News Today (October 20): Vietnam adds 3,034 Covid-19 cases to national infection tally; HCM City enhances cooperation with China’s Shanghai; Thirty-two localities declare Covid-19 risk levels; Transport ministry mulls letting the unvaccinated fly.
23:32 | 19/10/2021
Top 10 Most Idyllic Places To Celebrate Christmas In Canada Travel

Top 10 Most Idyllic Places To Celebrate Christmas In Canada

If you are looking to celebrate your Christmas somewhere else outside the country, then Canada can be the perfect choice for you with these 10 best and most idyllic places to have a wonderful Christmas holiday with your friends and families.
23:32 | 19/10/2021
Strengthening Traditional Friendship Between Vietnam and Nepal Friendship

Strengthening Traditional Friendship Between Vietnam and Nepal

The Advocacy Committee for the establishment of the Vietnam - Nepal Friendship Association was officially launched.
23:31 | 19/10/2021
Phiên bản di động