According to the latest data from General Department of Customs, in the first half of October (October 1-15), import-export activities continued to improve while maintaining a large turnover scale.
Specifically, total export turnover reached 16.15 billion USD. Of which, 4 groups of goods reached a turnover of billions of dollars including: Computers, electronic products and components; phones and components; machinery, tools, spare parts; textiles.
In addition, many groups of goods reached hundreds of millions of USD such as footwear; seafood; vegetables; means of transport and spare parts; iron and steel...
From the beginning of the year to October 15, total export turnover of Vietnam reached 315.9 billion USD.
In opposite direction, imports in the first half of October reached 15.78 billion USD. Accumulated to October 15, total import turnover reached 294.66 billion USD.
Thus, as of October 15, total import-export turnover of the whole country reached 610.56 billion USD.
Trade balance has a surplus of 21.24 billion USD.
To achieve this result, in an interview with reporter of Industry and Trade Newspaper, Ms. Nguyen Cam Trang - Deputy Director of Import-Export Department - Ministry of Industry and Trade said that currently, proportion of processed and manufactured industrial goods accounts for about 87-88% of total export turnover. Group of minerals and agricultural products only accounts for about 12%. This is basis for import-export turnover to have room to increase.
“Structure of goods is increasingly diverse in types, scale of exported goods is increasing. At the same time, we have also developed a number of new items such as tools, spare parts, toys. Or with vegetables and fruits, we see prominence of durian. With forecasted room to increase, this is considered a bright spot and will still be main export industries in the coming time”, Ms. Nguyen Cam Trang clearly stated.
Mr. Vu Ba Phu - Director of Department of Trade Promotion - Ministry of Industry and Trade added that above results are thanks to flexible and innovative trade promotion activities in recent times, combining traditional and modern trade promotion, associated with e-commerce and digital economy. Since the beginning of 2024, ministries, branches, localities and enterprises have increased trade promotion to exploit Free Trade Agreements (FTAs) to diversify markets, supply chains and boost exports. However, in addition to positive results mentioned above, overseas trade counselors and business representatives also shared challenges and concerns, when in many key markets such as the United States, EU... there has been a sharp increase in trade defense measures.
Therefore, in coming time, to increase efficiency of import and export, Ministry of Industry and Trade determines to continue to support enterprises to focus on effectively exploiting Free Trade Agreements (FTAs) that have come into effect and signed, implementing new Agreements to expand and diversify markets, import and export products, and supply chains. Strengthening exploitation of neighboring markets with potential, strongly shifting to official exports associated with brand building, promoting sustainable exports.
In addition, Ministry of Industry and Trade will continue to innovate and improve effectiveness of trade promotion work, promote completion of legal system to strengthen institution on trade defense towards protecting the economy, enterprises and domestic markets in accordance with international commitments. Continue to improve effective use of trade defense tools to protect domestic production and effectively support Vietnam's export industries in responding to foreign trade defense cases.

Source: Vitic/ congthuong.vn