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Footwear, one of staple export items.

According to the General Statistics Office, in the first four months of this year, Vietnam’s exports rose 8.9 percent year on year to $20.16 billion, while imports soared highly.

Despite exports’ difficulties, export turnover increased at a fair level compared to the same period last year. Notably, FDI sector’s export turnover surged 31.9%. Major exports in the period were machinery and equipment; steel and iron; computers and accessories, garment and footwear.

Besides, exports of agro-forestry and seafood products soared strongly with an increase of 5.3% in farm produce, 17.4% in seafood, 33.7% in forestry. The April agro-forestry and seafood export turnover reached $1.6bil, lifting its total export turnover in the first four months of 2010 up to $5.6bil, a 12.8% increase year on year.

In details, timber export in April reached the highest rate from early this year so far, lifting its 4 month revenue up to over $1bil, a 35.3% rise year on year. Seafood and rice exports in April reaped $350mil and $385mil, respectively whilst Jan-April rubber and pepper exports won $445mil and $130mil, respectively.

After four months, there were more 4 items reaching export turnover of over $1bil for each. They included garment, crude oil, rice, timber and footwear.

However, export turnover in April was $5.7 billion, up 1.9 percent from March, while imports hit $6.95 billion, up 3 percent, the General Statistics Office (GSO) reported.

Major imports in the period were machinery and equipment; petrol and oil; steel and iron; electronics, computers and accessories thereof; and plastic products. Of the January-April trade gap, the foreign-invested enterprises (FIEs) accounted for $700 million. It spent $10.2 billion on imports, posting an expansion of 55.6 percent, and earned $9 billion from exports, gaining a growth of 44 percent.

The General Statistics Office forecasted that the growth pace of export turnover will soar further, reducing trade gap pressure.

Reported by T.Son – Translated by A.C