Vietnam’s export turnover to HK posted high growth in 2010

Ending 2010, Vietnam exported 23 types of commodities to Hong Kong market, earning $1.4 billion, accounting for 2 percent of the country’s export turnover, rising 41.59 percent against 2009′s, according to the General Statistical Office (GSO).

In December 2010 alone, Vietnam’s export to Hong Kong fetched $153.5 million, down 2.37 percent month on month.

In 2010, some items decreased in export turnover such as candy (falling 19.92 percent to $17.5 million), cereal products (falling 22.49 percent to $6.6 million), oil and gas (dropping 13.11 percent to $5.4 million), chemical products (slipping 16.85 percent to $1.8 million), products from iron and steel, paper and its products (falling 72.26 percent to $1.8 million year-on-year).

Also in 2010, Vietnam’s key export items to Hong Kong market included computer and electronic products and components with an export turnover of $216.9 million, accounting for 14.8 percent of the country’s total export turnover, up 54.77 percent y-o-y, of which, the figure in December 2010 alone was $24.2 million.

Following are machines, equipments and spare part with an export turnover of $20.2 million in December, up 1.68 percent m-o-m, bringing the total figure in 2010 to $214 million, up 81.85 percent y-o-y.

Rice ranked at the fourth in the ranking list in term of export turnover but gained the second highest year-on-year growth. In 2010, Vietnam exported 131,100 tonnes of rice, earning $65.1 million, up 222.42 percent in value against 2009′s.

Notably, iron and steel posted the strongest growth in export turnover with $15.2 million, growing 724.55 percent over 2009′s, of which, the figure in December alone was $1.2 million, up 277.93 percent m-o-m.

Tags: Vietnam export turnover, Vietnam exports, Vietnam exports 2011