FIEs’ export-import value reaches $50 billion in first quarter of 2016

April 15, 2016 | 12:00

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Coffee, seafood, and oil and gas fell out of the list of foreign invested enterprises (FIEs)’ ten product categories having the highest export-import value in March.

According to the General Department of Vietnam Customs’ statistics released on April 14, FIEs’ export-import value in the first quarter of 2016 reached $49.77 billion, up 3.3 per cent on-year and equalling 65.3 per cent of Vietnam’s total.

Notably, $27.27 billion of the $49.77 billion is FIEs’ export turnover and the remaining $22.5 billion is import value. In March alone, FIEs’ export and import value was $10.7 billion and $8.72 billion, respectively.

Mobile phones and components led among the categories having the highest export value, which also include textile and garment, computers and electric units, footwear, machinery, wood products, plastics products, fibre, transportation vehicles, and bags and suitcases (see table below).

Oil and gas fell out of the list of ten categories having the highest import value, which includes computers and components, machinery, mobile phones and components, fabric, iron and steel, plastics, textile and garment materials, metals, and chemical products (see table below).