HCMC’s imports and exports soar in Jan-Feb period
The Saigon Times
|A container ship docks at the Tan Cang-Cai Mep Terminal. HCMC recorded an increase in both imports and exports in the first two months of 2021 – PHOTO: VNA|
HCMC – HCMC earned nearly US$8 billion in export revenue and spent US$10.92 billion on imports in the first two months of the year, rising over 25% and 53% against last year’s figures, respectively, according to the HCMC Department of Statistics.
Without crude oil, the city’s export revenue would amount to US$7.6 billion, up over 26% year-on-year.
Specifically, in the two-month period, the city exported wood and wooden products worth over US$220 million, up over 60% versus last year’s figure. The export of machinery, equipment, tools and spare parts fetched US$400 million, up 23%; computers, electronics and accessories saw US$2.57 billion, up over 11% and rice saw US$135 million, improving over 5%.
The city’s imports of plastic materials in the year to February surged 52%, fuel products were up by 44% and garment-leather-footwear materials by 16%.
Further, China remained HCMC’s largest trade partner. Businesses in the city exported nearly US$1.8 billion and purchased some US$3.3 billion worth of goods to and from China, up some 31% and 78%, respectively, over the figures recorded in the same period last year.
The United States was the second largest importer of the city, followed by Japan and South Korea. Meanwhile, Singapore was the city’s biggest exporter.