AsemconnectVietnam - Along with the recovery of production and export in the first 10 months of 2024, the structure of imported goods has also changed, accounting for 89% of the total import turnover of goods that need to be imported.

According to the Ministry of Industry and Trade, Vietnam’s import turnover of goods in October of 2024 reached 33.6 billion USD, up by 5.8% over the previous month. Of which, the import value of the domestic economic sector reached 12.68 billion USD, up by 15.9%; and the import value of the foreign-invested sector reached 20.92 billion USD, up by 0.5%.
Compared to the same period last year, the import turnover of goods in October increased by 13.6%, of which the domestic economic sector increased by 18.6%; the foreign-invested sector increased by 10.7%.
In the first 10 months of 2024, the country’s import turnover of goods reached 312.28 billion USD, up by 16.8% over the same period last year, of which the import value of the domestic economic sector reached 113.58 billion USD, up by 18.8%; and the import value of the foreign-invested sector reached 198.7 billion USD, up by 15.8%.
In the first 10 months of 2024, there were 42 imported goods with a value of over 1 billion USD, accounting for 92.1% of the total import turnover (there were 4 imported goods with a value of over 10 billion USD, accounting for 48.3%).
Regarding the structure of imported goods, along with the recovery of production and export in the first 10 months of 2024, the structure of imported goods has also changed, accounting for 89% of the total import turnover of goods being the group of goods that need to be imported (including machinery, equipment, tools, spare parts and raw materials for domestic production), with a preliminary turnover of 312.28 billion USD, an increase of 16.8% over the same period of 2023.
Regarding the import market of goods, according to the assessment of the Ministry of Industry and Trade, China was the market where Vietnam imports the largest amount of goods with a preliminary import turnover of 117.7 billion USD in the first 10 months, accounting for nearly 38% of the total import turnover of the whole country and an increase of 31.6% over the same period last year (the figure of the same period of 2023 decreased by 10.2%).
The next was South Korea, with 46.3 billion USD, up by 7.6% (down by 18.6% in the same period last year); the ASEAN market region reached 37.9 billion USD, up by 12.4% (down by 14.9% in the same period); Japan reached nearly 18 billion USD, up by 0.2% (down by 11.1% in the same period); the EU reached 13.8 billion USD, up by 12.2% (down by 1.9% in the same period); the United States reached 12.3 billion USD, up by 8.2% (down by 6.9% in the same period last year).
CK
Source: VITIC/haiquanonline.com.vn