• “Made in Vietnam’s phone exports hit record nearly $58 billion”
  • The export of Pangasius exceeds expectations.

Export earnings of all types of telephones and telephone components were $57.54 billion in 2021, an increase of 12.4% from 2020, according to statistics from the General Customs.

According to statistics, the export revenue of the Chinese market was estimated at $15.18 billion, an increase of 23%; $9.69 billion from the US, up 10.3%; and $7.89 billion from the EU, down 9.1% from the previous year.

###: Vietnam is expected to become a new production center of the world

Export sales of ‘Made in Vietnam’ phones in 2021 hit a record, surpassing that of the second largest export group of computers, electronic products and components by $50.83 billion. While the export earnings of telephones and components in 2010 were just $2.3 billion, five years later they rose 13-fold to $30.2 billion. So far, the export value has increased 25 times compared to 2010, local media reported.

The data shows that Samsung is still the largest electronics and phone manufacturer in Vietnam.

Pangasius (tra fish) exports reached $1.61 billion last year, up 8.4 percent from 2020, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Exports rose quite strongly thanks to a strong increase in shipments to markets such as Brazil (48.6 percent increase), Colombia (68.5 percent), Russia (72.8 percent) and Egypt (51.7 percent).

VASEP said exports also rose on the back of increasing US purchases against a background of increasing Covid-19 vaccination rates and the reopening of restaurants.

Exports to the US even doubled from 2020 to $370.6 million.

The fact that the US imposes zero import tariffs on Vietnam’s two largest pangasius exporters, Vinh Hoan Company and Nam Viet Company, has been a major factor in the constant increase in exports to that market.

Meanwhile, exports to China fell 12.6 percent to $450 million, or 27.8 percent of total exports.

Exports to the EU fell for the fourth year in a row, by 17 percent to $106.2 million.

VASEP said the pandemic had a major impact on pangasius trade with many countries, including France, Italy and Germany.

It predicts that exports of the fish will reach $1.7 billion this year.

The pangasius export market is improving and is expected to fully recover this year with the efforts of companies and the support of the government, the Vietnam News Agency reported.



Source: Vietnam Insider

Share.

Leave A Reply