Posted date: 02/04/13
   According to the inter-ministerial estimates, export volume in March 2013 would reach US$ 11 billion, up by 53.9% compared with previous month and 15.9% compared with the same period in 2012.

    Export volume in the first 3 months of 2013 was estimated to reach US$ 29.69 billion, up by 19.7% compared with the same period in 2012. In particular, export volume if the 100% local-capital sector was estimated at US$ 10.43 billion, up by 10.1%, foreign-capital sector at US$ 19.26 billion, up by 25.6% compared with the same period.

    Export volume of the agricultural and fishery products was estimated at US$ 1.77 billion, up by 73.5% compared with previous month and down by 8.5% compared with the same period in 2012. Export volume of the first 3 months of 2013 was estimated to reach US$ 4.72 billion, down by 0.3% compared with the same period in 2012.

    Export volume of most commodities decreased compared with the same period due to declining exports and export prices. The two most declining export volume commodities were cashew nuts (down by 23.3%) and rubber (down by 23.2%) because the prices plummeted (price of cashew nuts fell by 16.2% and rubber by 22.3%). The decline in export quantity of some commodities leaded to the decrease of export volume, for example cassava and cassava products fell by 16.2% in quantity and 10.1% in value; coffee decreased by 9.3% in quantity and 4.5% in value. Tea was the only commodity in the group of which export volume increased, by8.3% because the price surged by 13.6%.

    Export volume of fuel and mineral products in March was estimated to reach US$ 965 million, up by 39.5% compared with previous month and down by 10.7% compared with the same period in 2012. Export volume in the first 3 months was estimated at US$ 2.63 billion, up by 1.2% compared with the same period.

    Ore and mineral group was the only one product with export volume increased over the same period last year (by 35.1%) because of the sharp increase in export quantity (by 228.5%) which offset the decrease of 58.9% due to lower price.

     Except for gasoline decreased by 21.2% in quantity and 31.5% in value, other commodities had dramatic increase in export quantity even in the context of unfavorable export prices: prices of ores and minerals fell by 58.9%, coal decreased by 25%, crude oil declined by 15.4% compared with the same period last year.

     Export volume of processed industrial products in March was estimated at US$ 7.61 billion, up by 53.6% compared with previous month and by 32% compared with the same period in 2012. In the first 3 months of 2013, export volume of this group was estimated to reach US$ 20.4 billion, up by 29.9% compared with the same period.

     The commodities in the group of which export volume increased sharply compared with March 2012 included gems and precious metals by 614.5%; mobile phones and accessories by 136.8%, base metals and products by 54.4%; computer, electronic products and accessories by 44.1%; hand bag, case, hat, umbrella… by 17.2%...(export volume of gems and precious increased by 614.5% compared with the same period last year because since the end of February, State Bank had organized to implement the plan of temporary export non-JVC gold, re-import international-standard raw gold).

     The commodities of which export volume decreased compared with the same period last year included fertilizers in all types, down by 38.8% (30.8% in quantity, 11.6% in price), glass and products by 26.4%, rubber derivatives by 15.9%, chemical by 15.4%; machine, equipment, tool and spare parts by 7.4%.

     According to the Ministry of Industry and Trade, export volume of Quarter I/2013 grew by 19.7% compared with the same period and achieved 23.6% of the plan of the National Assembly and Government; it was the positive result of export activities in the first months of the year when it was not the pick time of export season. Increase rate of export volume had significantly surpassed growth rate of the economy and continued to be the motivation for the growth.

    Most of the major export commodities achieved growth. By the end of Quarter I, there had already been 10 commodity groups of which export volume reached more than US$ 1 billion: coffee; crude oil; wood and wood products; garment and textile; footwear; computer; electronic products; mobile phone and accessories; machine, equipment, tool, spare parts and vehicle.

    Import and export of domestic enterprise group has recovered and got the gradually increasing tendency. Export volume of this group in Quarter I/2013 grew at the level of 10.1%, roughly twice higher than the number of 5.1% of the same period last year.

    Export of the process industrial product group continued to play an important role in contributing to the growth of general export volume when most products had the increasing volume. The volume of this group rose by 29.9% compared with the same period, accounting for 68.7% of total export volume, of which mobile phone was the highest export volume product with US$ 4.49 billion, up by 89.8% compared with the same period.

    Export of the agricultural, forestry and fishery product group faced many difficulties when the prices of many products such as cashew nut, rice and rubber declined while there had been no significant increase in export quantity. Export volume of this group fell by 0.3% compared with the same period, accounting for only 15.9% of total export volume.

    Export of fuel and mineral product group also faced adversity when its price only increased by 1.2% compared with the same period, accounting for 8.8% of total export volume. NDHMoney

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