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

In the first 10 months of 2023, the total import and export turnover of goods reached 557.95 billion USD, down by 9.6% over the same period last year.
According to the information from the General Statistics Office, Vietnam’s merchandise export turnover in October of 2023 was estimated to reach 32.31 billion USD. In comparison to the previous month, it increased by 5.3%, and increased by 5.9% over the same period last year, of which the exports of the domestic economic sector increased by 15.1%, the exports of the foreign invested sector (including crude oil ) increased by 3%.
Overall for 10 months, merchandise export turnover was estimated at 291.28 billion USD, down by 7.1% over the same period last year. Of which, the exports of the domestic economic sector reached 77.09 billion USD, down by 4.1%, accounting for 26.5% of total export turnover; and the exports of the foreign invested sector (including crude oil) reached 214.19 billion USD, down by 8.1%, accounting for 73.5%.
In the first 10 months of 2023, there were 33 items with export turnover of over 1 billion USD, accounting for 92.9% of total export turnover (there were 7 export items with export turnover of over 10 billion USD, accounting for 66.2%).
Regarding the structure of export goods in the 10 months of 2023, the exports of fuel and mineral goods group was estimated to reach 3.44 billion USD, accounting for 1.2%; the exports of the group of processed industrial goods were estimated at 257.42 billion USD, accounting for 88.3%; the exports of agricultural and forestry products were estimated at 22.97 billion USD, accounting for 7.9%; the exports of seafood group were estimated to reach 7.45 billion USD, accounting for 2.6%.
In the opposite direction, the import turnover of goods in October of 2023 was estimated to reach 29.31 billion USD, up by 2.9% over the previous month and up by 5.2% over the same period last year. In the first 10 months of 2023, the country’s import turnover was estimated to reach 266.67 billion USD, down by 12.3% over the same period last year.
In the first 10 months of 2023, there were 41 imported items worth over 1 billion USD, accounting for 91.4% of total import turnover (there were 03 imported items worth over 10 billion USD, accounting for 43.4%). Regarding the structure of imported goods in the first 10 months of 2023, the group of capital goods was 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 was 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.
With the above results, 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 was estimated to have a trade surplus of 24.61 billion USD (the same period last year the country’s trade surplus reached 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.
CK
Source: VITIC/haiquanonline.com.vn