According to report of Ministry of Industry and Trade on implementation of Resolution No.01/NQ-CP, situation of industrial production and trade activities in November and 11 months of 2024, export turnover of goods in November 2024 was preliminarily 33.73 billion USD, down 5.3% compared to the previous month.
In 11 months of 2024, preliminary export turnover of goods reached 369.93 billion USD, an increase of 14.4% over the same period last year, a high increase compared to many countries in the ASEAN region and Asia.
Of which, domestic economic sector reached 103.88 billion USD, up 20%, accounting for 28.1% of total export turnover; foreign-invested sector (including crude oil) reached 266.05 billion USD, up 12.4%, accounting for 71.9%. That shows that export of domestic economic sector continues to grow higher than FDI sector (20% compared to 12.4%) and proportion of export turnover of this sector in total export turnover of the whole country is higher than the same period last year (28% compared to 26.8%), continuing to show positive signals in export activities of this sector. In the 11 months of 2024, 36 items achieved export turnover of over 1 billion USD (in the same period last year, there were only 33 items), accounting for 94.1% of total export turnover (there were 7 items exported over 10 billion USD, accounting for 66.5%).
In the 11 months of 2024, export turnover of most major items achieved positive growth compared to the same period last year due to recovery in demand and relatively low base level of the same period in 2023.
In which, export turnover of the agricultural, forestry and fishery group is estimated at 35.5 billion USD, up 20.6% over the same period in 2023, accounting for 9.6% of total export turnover of the country. In this group, due to benefit of high prices, export turnover of some items increased by double digits compared to the same period last year. In which, pepper export turnover increased by 46.2%; coffee increased by 35.4%; rice increased by 22.3%; tea of all kinds increased by 26.9%; vegetables and fruits increased by 27.4%; rice increased by 22.3%; cashew nuts increased by 20.6%; rubber increased by 17.8%...
Export turnover of processed industrial goods also recovered strongly in the 11 months of 2024, increasing by 14.3% over the same period last year, reaching 313.6 billion USD, accounting for nearly 85% of total export turnover of the country.
In particular, export turnover of many key products achieved high double-digit growth rates such as: Computers, electronic products and components reached 65.2 billion USD, up 26.3%; phones of all kinds and components reached 50.2 billion USD, up 3.2%; machinery, equipment, tools, and other spare parts reached 47.8 billion USD, up 21.6%; Textiles and garments reached 33.65 billion USD, up 10.6%; footwear of all kinds reached 20.76 billion USD, up 12.9%; wood and wood products reached 14.7 billion USD, up 21.2%; iron and steel increased 12.7%, reaching 8.5 billion USD...
Export turnover of mineral fuel products is estimated at 3.7 billion USD, down 4.9% over the same period in 2023. This is also only group of products with export turnover decreasing compared to the same period last year.
In the first 11 months of 2024, export turnover to most markets and major trading partners of our country has recovered positively and achieved high growth. Of which, the United States is Vietnam's largest export market with an estimated turnover of 98.4 billion USD, accounting for 29.3% of the country's total export turnover and increasing by 24.2% over the same period last year (the same period in 2023 decreased by 13%); followed by Chinese market estimated at 55.1 billion USD, down 0.9% over the same period last year (the same period increased by 6%); the EU market is estimated at 47.3 billion USD, up 18.1% over the same period last year (the same period in 2023 decreased by 8%); South Korea is estimated at 23.3 billion USD, up 8.7% (the same period in 2023 decreased by 4%); Japan is estimated at 22.3 billion USD, up 4.8% (the same period in 2023 decreased by 4.3%). On other hand, preliminary import turnover of goods in November 2024 reached 32.67 billion USD, down 2.8% compared to the previous month. In the 11 months of 2024, preliminary import turnover of goods reached 345.62 billion USD, up 16.4% over the same period last year, of which domestic economic sector reached 126.05 billion USD, up 18.5%; foreign-invested sector reached 219.57 billion USD, up 15.2%.
In 11 months of 2024, there were 44 imported goods with a value of over 1 billion USD, accounting for 92.6% of total import turnover (there were 5 imported goods with a value of over 10 billion USD, accounting for 51.4%).
Preliminary trade balance of goods in November was a trade surplus of 1.06 billion USD. In the first 11 months of 2024, preliminary trade balance of goods had a trade surplus of 24.31 billion USD (the same period last year had a trade surplus of 26.2 billion USD).

Source: Vitic/ congthuong.vn