Cell phone sector enjoys $1.43 bln trade surplus

Vietnam’s mobile phone exports enjoy a $1.43 billion trade surplus for the first seven months of this year, according to the General Customs Department.

Exports of mobile phones and spare parts earned $2.59 billion, three times higher over the same period last year, while imports stand at $1.16 billion, data from the customs department shows.

The EU became the country’s largest market, accounting for 40.6 per cent of the total export turnover.

This market imported $1.05 billion worth of mobile phones in the past seven months, while the figure recorded last year was only $54 million.

Russia and India are the next top importers, who bought from Vietnam $221 million and $191 million worth of products, respectively.

Meanwhile, Vietnam’s imports saw $195 million turnover in July alone, a 32 per cent increase month-on-month. The total import turnover in the seven months was $1.16 billion, 57 per cent higher compared with the same period last year.

China accounted for 63 per cent of total imports with a turnover of $733 million, while Korea followed with 33 per cent, or $382 million. – Tuoitre

Tags: Cell phone sector, Vietnam Telecom, Vietnam telecom maket

Posted by VBN on Aug 24 2011. Filed under Telecommunication. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry