Industrial products post 22% rise in export value n(12/4)
06/08/2010 - 147 Lượt xem
Exports of industrial products had by early April increased by 22% from the same period last year to US $6.6 billion, which accounted for 77.4% of the country's total export value, the Ministry of Industry said.
Almost all export staples registered rises in export value in comparison with the corresponding period last year, the ministry said, citing electric cables and wires, garment and textiles, plastic products, coal, footwear, wooden products, and artcraft, which chalked growth rates of between 20.9 and 32%.
In the period, crude oil experienced a 10.4% decrease in export volume but a 16.2% increase in export value as a result of the world price's fluctuations, the ministry said.
The garment and textiles sector, though making a 31.2% year-on-year increase in export value to US $1.2 billion in the period, is facing increased production costs while export prices are yet to increase and the prices of some categories must be reduced to raise their competitiveness.
In order to achieve the target of US $5.3 billion in garment and textiles export value for this year, the ministry asked companies to overcome the scarcity of labourers at industrial zones and actively seek non-quota markets.
Export value of wooden products reached US $444 million in the period, representing a 21.3% year-on-year rise. However, companies are facing difficulties due to short supply of wood materials in the domestic market. The country's wood materials are only enough to cater to 20% of the domestic need and the rest must be imported from Indonesia, Malaysia, the Philippines, New Zealand and African countries, said the ministry.
As the export of electronics and computer parts experienced a standstill in the period, the ministry requested businesses in the sector to boost their exports to Japan and the Republic of Korea, seek new outlets in Africa, the Middle East and southern Asia, and improve the quality of products to enter the choosy markets such as US and the European Union.
Source: VNA
