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Can Tho’s export revenue grows 13 percent in Q1

The Mekong Delta city of Can Tho exported 447.8 million USD worth of goods in the first three months of 2019, up 13.32 percent year on year, according to the municipal Department of Industry and Trade.
Can Tho’s export revenue grows 13 percent in Q1 ảnh 1Processing tra fish for export at the Southern Fishery Industries Co. Ltd in Can Tho city (Photo: VNA)

Can Tho (VNA) – The Mekong Delta city of Can Thoexported 447.8 million USD worth of goods in the first three months of 2019, up13.32 percent year on year, according to the municipal Department of Industryand Trade.

Aquatic products and rice remained the keyforeign currency earners for the city during the first quarter.

Nearly 46,500 tonnes of aquatic products worth132.57 million USD were shipped abroad, respectively rising by 27.29 percentand 10.78 percent against the same period last year. The biggest markets wereJapan, Singapore, Mexico, Brazil, and Hong Kong (China).

Seafood exporting companies said the shipment ofshrimp and tra fish products has benefited from many preferential tariffs inother member countries of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) as from March. Therefore, they have beenapplying for certificates of origin to make use of such preferential treatmentunder the CPTPP, and they predict the aquatic export volume and value will risesharply in Q2.

Meanwhile, local businesses earned 88.6 millionUSD from exporting nearly 200,000 tonnes of rice during Q1, up 13.68 percentand 9 percent respectively. A majority of the rice was destined for thePhilippines, Hong Kong, Papua New Guinea, and Malaysia.

Rice exporters said most of their export in Q1was under contracts signed last year. They expect many new contracts will beinked in Q2 and the delivery will be conducted in the following quarter.

Other commodities with high export growth ratesduring the last three months include garment (53.4 million USD – 16.16percent), processed agricultural products (36 million USD – 13.26 percent),steel and nails (7.68 million USD – 11.95 percent), and pharmaceuticals (7.1million USD – 14 percent).-VNA
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