Main Features Of Vietnam'S Export Commodities In 2008

According to Vietnam's Economic Times reported on December 29th, Vietnam's export commodities in 2008 showed eight characteristics: first, the total export volume reached a record high.

Vietnam exported $54 billion in 2008, and exports amounted to US $48 billion 600 million last year.

Two, the total value of exports accounted for 70% of GDP, much higher than that of 1995 (from GDP26.2%) to 2007 (GDP68.2%).

Three, the average export volume per capita in the country is US $730, which is much higher than that in 1995 (75.5 US dollars) to 2007 (570 US dollars).

Four, the volume of exports in 2008 was 29.5% higher than that in 2007, the highest growth rate in Vietnam since 2005.

Five, Vietnam's export growth is 4.7 times that of GDP.

Six, the growth rate of domestic economic exports (34.7%) is higher than the growth rate of foreign investment in the economy (25.7%).

Seven, there are 11 kinds of commodities exported over US $1 billion (crude oil, textiles, footwear, aquatic products, rice, wood products, electronic products, coffee, rubber, coal mines, cables).

Eight, the trend of increasing trade deficit is under control.

The average monthly deficit in the first 5 months of this year dropped to 2 billion 700 million US dollars in the first 7 months to 505 million US dollars in the last 7 months.

Despite the annual deficit of 17 billion US dollars, the proportion of trade deficit this year has decreased compared with last year.

Yang Jing: editor in charge