Phones and components no longer biggest export group to China

According to the latest preliminary statistics released by the General Department of Customs, Vietnamese exports to the Chinese market hit US$17.7 billion by the end of last month, a rise of 10.9% over the same period from last year.

The figures confirmed that China continues to be the nation’s second largest export market, following the United States.

There are five groups of export products to China which account for a turnover of over US$1 billion by the end of April, three more than last year's corresponding period.

These three product groups include cameras, camcorders and components with an export turnover reaching US$1.88 billion, up 102.8% year-on-year; fruit and vegetables reaching US$1.16 billion, up 44.6%; and machinery, equipment, tools and spare parts grossing more than US$1 billion, up 7%.

The remaining groups over US$1 billion are computers, electronic products and components, accounting for US$3.98 billion, up 23.5%; and phones and components at US$3.47 billion, down 14%,

The last export group, phones and components, is the only one to suffer a drop in turnover compared to the same period from last year.

Source: VOV