Dong Nai enjoys trade surplus in Q1

The province raked in 4.58 billion USD from exports in the period, a rise of 7.05 percent year-on-year. In March alone, the figure stood at 1.76 billion USD, surging 70.82 percent against the previous month.



The growth is attributable to the stabilised production of local firms after the traditional Lunar New Year (Tet) holidays, as well as advantages from export markets and free trade agreements.



Major items recording high export growth in March included rubber (47.94 percent); footwear (20.58 percent); machinery, devices, and spare parts (19.12 percent); wooden products (10.95 percent); and garment-textile (8.75 percent).



In the month, the province’s exports to Japan increased 21 percent, followed by its exports to the US (18.39 percent) and China (11.3 percent).



According to Dong Nai Department of Industry and Trade, the province’s exports are expected to speed up in the following months, especially for its staples, such as garment-textiles, footwear, processed food, confectionery, and tobacco. –VNA