More exports join “one-billion USD” club
Mobile phones and spare parts took the lead in export revenue with 14.44 billion USD, which made up 21.3 percent of the nation’s export turnover during the period. Last year, they became the first commodity to surpass export revenue of 30 billion USD. Meanwhile, it is likely for the country to rake in more than 36 billion USD from shipping mobile phones and spare parts abroad in 2016.
Regarding its consumption markets, the United Arab Emirate (UAE) was the largest purchaser with 1.5 trillion USD, followed by the US (1.47 trillion USD), the Republic of Korea (810 million USD) and the UK (637 million USD).
Garment and textile products were also listed in the club with 8.6 billion USD in export revenue. The export revenue in the five month period in 2016 recorded a year-on-year increase of 6.1 percent and is expected to exceed 24.5 billion USD for the whole year.
Major export markets of this commodity were the US, Japan, the RoK and Spain.
Other member of the club was computers and spare parts, which had an export revenue of 6.34 billion USD in the first five months of this year, an increase of 5.4 percent compared to the same period in 2015. Export revenue reaching over 100 million USD was seen in ten markets, including China (854 million USD), the US (820 million USD) and the Netherlands (539 million USD).
Footwear also secured a place in the one-billion USD club with 4.96 billion USD earned in foreign markets during the five month period. The largest consumption markets were the US (1.33 billion USD), China (253 million USD) and Japan (226 million USD). Total export revenue of the commodity is forecast at 12.7 billion USD in 2016.
Machines, equipment and tools, aquaculture products, coffee, accessories (handbags, purses, suitcases and umbrellas), rice and vegetables were also present in the club with export value of 3.63 billion USD, 2.54 billion USD, 2.45 billion USD, 1.33 billion USD, 1.13 billion USD and 1.01 billion USD, respectively.
