The province’s export turnover was estimated to reach US$ 279.8 million in the first 8 months of 2010, accounting for 80 percent of the total yearly plan and increasing by 33.1 percent compared to the same period last year. The July’s export turnover gained US$25 million, a surge of 28.8 percent against the previous year’s corresponding period, announced the Binh Dinh Department of Industry and Trade.
There are a total of 114 exporters of which state-owned sector accounted for 3.2 percent (an increase of 12.3 percent), non-state sector took for 92.3 percent (a rise of 34.4 percent) and foreign-invested enterprises made up 3.5 percent (a surge of 23.7 percent) in comparison to the same period last year.
In the first 8 months of 2010, export markets expanded but didn’t really regain its stability. Business loan interest rates were still high.
On the one hand, the Government carried out policies for price stability, particularly financial and monetary policies for sake of stable development. On the other hand, the enterprises continued their investment in export goods which were an advantage of Binh Dinh, such as aquatic products, forest products (particularly household wooden products), agricultural produces, foodstuff, and construction materials.
Meanwhile, they tried to exploit and expand the export of new products, including arts and crafts, consumer goods. The enterprises overcame the obstacles themselves, focusing on the manufacturing, stepping up the trade promotion and the export. That’s the reason why the export turnover increased compared to the same period of 2009.
Structure of export goods
The agricultural products were estimated to reach USD 57.2 million, gained 80 percent of the total yearly plan and increased by 2.4 percent in comparison to the same period last year.
The forest products were estimated to achieve US$ 162.3 million, getting 79.6 percent of the total yearly target, growing up by 51.5 percent in comparison to the same period last year. The export output of eucalyptus shavings climbed to 249.8 thousand tonnes (a 163.8-ton rise) with 26-million- USD worth of value (a 16.8-million-USD worth increase).
The export output of fine processed outdoor wood hit 95.8 thousand of cubic metres (a 41.6-thousand-cubic-metre rise) with total value of USD 128.2 million (a 33.9-million-USD worth increase). Export output of fine processed interior wood expanded to 3.6 thousand of cubic metres (a 1.3-thousand –cubic- metre hike) with total value of USD 4.9 million (a 1.3-million-USD worth rise).
The aquatic products gained USD 27.2 million, reached 85 percent total year plan and went up by 40.7 percent in compared to the same period of previous year.
The minerals and construction materials reached USD 18.4 million, gained 76.7 percent total year plan and raised by 26.1 percent in compared to the same period of 2009.
The consumer industrial goods mounted to USD 14.6 million, reached 73.2 percent total year plan and increased by 13 percent in compared to the same period of 2009. Footwares gained 1.73 million of pairs (an increase 727 thousand of pairs) with total value of USD 5.3 million (a 289-thousand-USD worth decrease). Garment products got 833 thousand of items (a 572-thousand-item decline) with total value of US$1.3 million (a 1.1-million-USD worth fall).
Import turnover
The July’s import turnover got US$12.6 million, dropping by 17 percent in comparison to the same period last year (USD 15.1 million).
Last month’s import turnover gained US$11.6 million and the cumulative import turnover in the first 8 months this year was US$ 65.3 million, accounting for 43.5 percent of the total yearly plan and plunging 12.4 percent in compared to the same period of 2009.
Import goods in the first 8 months were mainly materials for export processing production, including different kinds of timbers and wood, frozen seafood and various types of fertilizers.
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