AsemconnectVietnam - In October, total import and export turnover of goods was estimated at 61.62 billion USD, up 4.1% over the previous month and up 5.6% over the same period last year.

In the first 10 months of 2023, total import and export turnover of goods reached 557.95 billion USD, down 9.6% over the same period last year.
Exports of goods
Merchandise export turnover in October 2023 is estimated to reach 32.31 billion USD, up 5.3% over the previous month and up 5.9% over the same period last year. Overall, for the first 10 months of this year, merchandise export turnover is estimated at 291.28 billion USD, down 7.1% over the same period last year.
Regarding the structure of export goods in the first 10 months of this year, the group of processed industrial goods is estimated to reach 257.42 billion USD, accounting for 88.3%.
Imports of goods
Import turnover of goods in October 2023 is estimated to reach 29.31 billion USD, up 2.9% over the previous month and up 5.2% over the same period last year. In the first 10 months of 2023, import turnover is estimated to reach 266.67 billion USD, down 12.3% over the same period last year.
Regarding the structure of imported goods in the first 10 months of 2023, the group of capital goods is estimated to reach 250.12 billion USD, accounting for 93.8%.
Regarding the export and import market of goods in the 10 months of 2023, the United States is Vietnam's largest export market with an estimated turnover of 78.6 billion USD. China is Vietnam's largest import market with an estimated turnover of 89.8 billion USD.
The trade balance of goods in October was estimated at a trade surplus of 3 billion USD. Overall, for the first 10 months of 2023, the trade balance of goods is estimated to have a trade surplus of 24.61 billion USD (the same period last year had a trade surplus of 9.56 billion USD). Of which, the domestic economic sector's trade deficit was 17.99 billion USD. The foreign invested sector (including crude oil) had a trade surplus of 42.6 billion USD.
T.Huong
Source: Vitic/Gso.gov.vn/