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Over the last six monthsin 2011, export has continued to be affected by the global economic crisis.Export markets, material price, foreign exchange rate are not stable.Especially high bank interest rate has caused adverse impacts on thesocio-economic situation nationwide and Binh Dinh province specifically. Exportturnover of the first six months is estimated to reach USD 234.7 million,achieving 51% of the year plan and being equal to the same period of last year.

Though decreasing innumber, 11 items have increased average export price compared with the sameperiod 2010, making contribution to export turnover increase of USD 42.3million, including varieties of rice, cassava, outdoor and indoor furniture,eucalyptus chips, seafood, Ilmenite, titanium and garment.

Binh Dinh export marketsare over 78 countries and territories including 31 countries of Europe,achieving USD 114.7 million and accounting for 48.9%; 26 countries of Asiarealizing about USD 102 million, accounting for 43.5%; 3 countries of Pacificachieving USD 6 million, accounting for 2.5%; 9 countries of Africa, achievingUSD 3 million, accounting for 1.3%. In which, some traditional markets such asChina USD 38 million, accounting for 16.2%; Brunei USD 4.2 million, 1.8%; KoreaUSD 3 millions, 1.3%; Britain USD12 million, 5%; Germany USD 32 millions,America USD 8.2 million, 3.4%...

Another cause for decreasingexport is the decreasing demand for consumption. There is more and more tradeprotection in big markets. Also, many companies have not invested in branding, orimproving equipment and technology. Therefore, products’ value is not high and themodels are not varied. Human resource with good skills and staff in charge oftrade promotion need to be developed.

The import value over thelast six months is estimated to realize USD 54.3 million, achieving 35% of theyear plan, up 32.1% compared with the same period of 2010. The principle importitems are material for export production, machines and equipment, vehicles andconsumer goods.