Trade turnover of foreign-invested enterprises maintain growth momentum

Meanwhile, the trade turnover of domestic businesses in the first ten months was $178.23 billion, up 13.4 per cent year on year.

FIEs’ total export value was estimated at $218.7 billion, up 17.5 per cent year on year. The figure accounts for 73.8 per cent of the entire nation’s total export revenue. The trade surplus of FIEs from January to October was $30.2 billion.

FIEs’ key export products are phones, computers, electronic products, and spare parts. Notably, the export value of phones and computers of this group accounts for 99.7 per cent of the total export value of these products. Besides, the export value of electronic products and spare parts makes up 98.32 per cent.

Regarding import, FIEs' import value of goods throughout the reviewed period expanded to $188.5 billion, up 12 per cent compared to last year’s corresponding period, accounting for 65.2 per cent of the nation’s total import turnover.

In the first ten months, the country’s total import value hiked by 12.7 per cent year on year. Some commodity groups saw a sharp rise, including computers, electronic products and components with an increase of 7.8 per cent, petrol and oil (130.3 per cent), and coal with an increase of 82.2 per cent year on year.

The major importers of computers, phones, and components include the United States, the EU, China, and South Korea.

VIR