Tien Giang enjoys over 24 percent rise in exports of Q1

10:10 | 03/04/2018 Trade

The Mekong Delta province of Tien Giang earned US$643 million from exports in the first quarter of 2018, up 24.4 percent over the same time last year, the highest year-on-year rise the locality has enjoyed so far.

Workers at a seafood processing factory at the My Tho Industrial Park of Tien Giang province - Photo: VNA

According to Ngo Van Tuan, Director of the Tien Giang Department of Industry and Trade, exports from the FDI sector accounted for 60 percent of the total figure.

An upturn was seen in export revenue of all major products of the province, leading by copper pipe with 49.2 percent to reach US$137 million, followed by footwear at 38.5 percent (US$133 million), garment and textile at 23.8 percent (US$120.2 million).

In the first three months, the province shipped abroad 31,300 tonnes of processed aquatic products, mostly fillets of tra fish for US$77.9 million, a rise of 3.5 percent in volume and 20 percent in value.

Meanwhile, the province sold over 58,500 tonnes of rice abroad for US$28.9 million, an increase of about 8 percent in both volume and value, along with 1,620 tonnes of star apples for US$3.2 million.

Tuan noted that the largest import market of the province was the America with 40.3 percent of total products, followed by Asian countries with 38.4 percent, and Europe with 17 percent.

Le Van Nghia, Vice Chairman of the provincial People’s Committee said that right in the beginning of the year, the province has applied measures to increase exports by promoting markets in both traditional and potential ones.

In 2018, Tien Giang targets US$2.65 billion in export earnings, a rise of 5.4 percent year on year.

Theo VNA