HCMC exports to China up despite Covid-19
By Hung Le
Exports to China by registered enterprises in HCMC grew 22.5 percent year-on-year to $1.19 billion in the first two months of 2020.
Shipping containers at a port in Ho Chi Minh City. Photo by Shutterstock/Igor Grochev.
Despite the ongoing coronavirus outbreak, China still accounted for the largest proportion of HCMC’s export turnover in January-February at 21.1 percent, the Ho Chi Minh City Statistical Office’s (HSO) says in its latest report.
The city’s second largest export market in this period was the U.S., with a turnover of $1 billion, up 6.6 percent year-on-year and accounting for 18.5 percent of the total.
Coming in third was Japan, with $508.1 million, up 1.5 percent and making up 9 percent.
Overall, export turnover of the city, including crude oil, rose 8.1 percent year-on-year to just over $6 billion. Export of computers and components led this increase, surging 46.9 percent to $2.2 billion, over one-third of the city’s total export turnover.
However, export of goods from other sectors dropped double digits. For instance, textiles fell 22.2 percent; seafood, 27 percent; wood products, 17.9 percent; rice 17.9 percent and footwear, 14.9 percent.