Exports of electrical cables and wires grows 11 percent

Exports of electrical cables and wires grows 11 percent

Exports of electrical cables and wires reached US $157.35million in the first quarter this year, an increase of 11.4 percent over the same period last year, according to the Ministry of Industry and Trade.

Production at an electrical cable company in HCMC (Photo: SGGP)

Japan is the largest importer with total export turnover of US$43.78 million in the first quarter, an increase of 8.62 percent over the same period last year. This accounts for 27.8 percent of total export value.

China ranks the second largest importer growing 31 percent. South Korea ranks the third largest importer growing 46 percent.

Export turnover to Singapore decreased 35 percent since the same period last year. Imports for Thailand and the Philippines decreased 17 percent while imports for Laos decreased 58 percent.

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