(vasep.com.vn) According to Vietnam Ministry of Industry and Trade, the country's export of main commodities in the first quarter of 2014 grew by 14.1 percent year on year. The total export turnover in the quarter touched US$33.35 billion, completing 23 percent of 2014's plan.
Among commodity groups, ten of them have revenue of over US$1 billion including seafood, coffee, crude oil, wood products, textile and garment, leather footwear, computers, electronic products, mobile phones and spare parts, machines & accessories and transportation.
The export revenue of domestic exporters reported a positive result. They registered a year-on-year export spike of 9.8 percent in QI/2014.
The export value of processing industries contributes a major part in increasing the country's total export revenue. Those industries represented 70.6 percent of the country's export revenue and reported the year-on-year increase of 17.6 percent.
Despite the falling export prices, revenues from agro, forestry and seafood products were up 6.9 percent year on year. The revenue of this commodity group represented 14.8 percent of total export revenue. The proportion edged down by 1 percent.
The decline in export volume of fuel and minerals was attributable to the reduction of export revenue of the items with the 7 percent proportion of the total.
Mobile phones and spare parts reported the highest export value of US$5.42 billion, up 22.7 percent year on year.
Agro and fish's export turnover were US$4.93 billion, an increase of 6.9 percent while textile and garment gained US$4.54 billion, 21.9 percent higher than the same period last year.
Exports of the footwear sector, wood products and machine, equipment stood at US$2.16 billion, US$1.44 billion and US$1.53 billion respectively.
The country expects to touch total export turnover at US$145.4 billion of 2014.