Thua Thien-Hue earns US$474.7 million in export revenue

VGP - The central province of Thua Thien-Hue shipped US$474.7 million worth of products to foreign countries in the first seven months of the year, a year-on-year surge of 24.88%.

August 02, 2017 5:15 PM GMT+7

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Of the total, US$268.2 million was contributed by the foreign-invested sector, up 28.3% and US$137.4 million by the private sector, up 30.54%.

The U.S. continued to be the largest purchaser, accounting for 44% of the province’s export revenue. Along with traditional markets like China, the EU, Japan, the Republic of Korea and Taiwan, local products have been shipped to Cambodia, India, Slovakia and Sri Lanka.

Key earners, including industrial processed products, agro-forestry-fishery products, fuel, mineral, beer, Sake, fine art and crafts recorded strong growth. Notably, exports of aquatic products doubled to US$16 million.

The province also spent US$303.9 million purchasing materials from foreign countries, increasing 8.35% from the same time last year. Most of the imports were garment support materials and spare parts, with China still the main source of these imports.

The province is targeting export growth of 15% per year during 2017-2020 and US$1.25 billion in export revenue by 2020.-VNA