In the middle of August, the country had five export commodity groups with a turnover of ten billion USD or more, according to the latest information from the General Department of Customs.

Turnover of five key commodity groups in the country’s export structure
as of August 15, unit "billion USD". Chart: T. Binh.

Export commodity groups with a turnover of ten billion USD or more from the beginning of the year to August 15 included: Phones and accessories; computers, electronic products and components; garments and textiles; machinery, equipment, tools and spare parts and footwear.

Notably, only two out of five key export groups achieved positive growth.

The first group was computers, electronic products and components with a turnover of more than US$25.4 billion, up 25.8% over the same period in 2019, or more than US$5.2 billion.

The main export marketsincludingChina, the US, and the EU all had good growth.

The second group was machinery, equipment, tools and spare parts with a turnover of more than US$13.8 billion, up by 31.6%, or more than US$3.3 billion.

The main export markets of the above commodity group were the US, the EU, Japan and South Korea.

Meanwhile, although phones and components remained Vietnam's largest export commodity, their turnover only reached US$28.82 billion, down about US$1.5 billion over the same period in 2019.

Even garments and textiles reached only US$17.6 billion, which was the group with the strongest drop to US$2.3 billion. The largest export market of this commodity group was the US seeing a decrease of 9.6%.

Footwear reached more than US$10 billion, a year-on-year decline of about US$1 billion. The US and the EU,as the two main export markets for the above group,experienced a big decline.

With a total turnover of over US$95.7 billion, only five key commodity groups accounted for nearly 60% of the country’s total export turnover at the same time.