The electric cable production line of Vinacap, a joint venture between VNPT and EVN. The first quarter saw a sharp increase in cable and wire exports. — VNA/VNS Photo Huy Hung

HCM CITY (Biz Hub) — Revenue from electric cables and wire exports rose 11.4 per cent over the same period last year, according to the Ministry of Industry and Trade.

Of the total US$157.35 million, Japan, one of the world's leading automotive producers, imported nearly 28 per cent, an increase of more than 8 per cent over the same period last year.

Japan was followed by China and South Korea, with $28.7 million and $14.39 million in the first quarter, up 130.77 per cent and 145.91 per cent, respectively, compared to the same period last year.

However, shipment of electric cables and wires to Singapore, Thailand, the Philippines and Laos fell significantly during the period.

Exports of electric cables and wires totalled nearly $700 million last year, according to the General Statistics Office. — VNS