Vietnam's phone export up 19.4% in 4 months; cloth imports also up in same period

HANOI, May 5 (Xinhua): Vietnam earned nearly US$18.4 billion from exporting phones and components in the first four months of this year, which accounted for 17.7 per cent of the country's total export revenue over the period.

The export posted a year-on-year rise of 19.4 per cent, according to the country's General Statistics Office on Wednesday.

With that revenue, phones and components continued to be Vietnam's largest export item, followed by computers and electronic components.

Between January and April, Vietnam also spent over US$6 billion importing phones and their components, surging 44 per cent year on year.

In 2020, the country earned roughly US$50.9 billion from exporting phones and components, mainly to China, the United States and South Korea, posting a year-on-year decline of 1 percent, according to data from the office.

On the other hand, Vietnam spent over US$4.2 billion importing cloth in the first four months of this year, posting a year-on-year rise of 18.2 per cent, according to the country's General Statistics Office on Wednesday (May 5)..

Between January and April, Vietnam imported over 571,000 tons of cotton worth US$984 million, up 6.5 per cent in volume and 11.7 per cent in value.

Over the period, the country also poured US$880 million into importing 414,000 tons of yarn, up 23.9 per cent and 19.8 per cent respectively.

Last year, Vietnam spent USS$11.8 billion importing cloth and earned roughly US$29.5 billion from exporting garments and textiles, according to the office. China was Vietnam's largest supplier of cloth, followed by South Korea and Japan. - Xinhua
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VIetnam , Phone , Exports , Rising , 19.4% , US$18.4 billion


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