According to report of Ministry of Industry and Trade, with recovery of the world market and increased export orders, Vietnam's import and export activities in the first 9 months of 2024 have improved and achieved positive results.
In September 2024, total preliminary import and export turnover of goods reached 65.81 billion USD, although down 8% compared to the previous month, it still increased by 10.9% compared to the same period last year.
In the first 9 months, total preliminary import and export turnover of goods reached 578.47 billion USD, up 16.3% over the same period last year (down 11% in the same period), of which exports increased by 15.4% (down 8.2% in the same period); imports increased by 17.3% (down 13.9% in the same period). Trade balance of goods had a surplus of 20.79 billion USD.
Notably, exports continued to grow strongly and evenly in all 3 groups of goods. Specifically, preliminary export turnover of the agricultural, forestry and fishery group reached 28.8 billion USD, up 21.9% over same period in 2023, accounting for 9.6% of Vietnam's total export turnover.
Preliminary export turnover of processed and manufactured industrial goods group reached 253.9 billion USD, accounting for 84.7% of total export turnover and up 15.2% over the same period in 2023 (the same period in 2023 decreased by 9.6%). Export turnover of mineral fuel group in the first 9 months is estimated at 3.1 billion USD, up 3% over the same period in 2023.
Regarding market, in the first 9 months of 2024, export turnover to most markets and major trading partners of Vietnam has recovered positively and achieved high growth. Of which, the United States is Vietnam's largest export market with an estimated turnover of 89.4 billion USD, accounting for 29.8% of Vietnam's total export turnover and increasing by 27.4% over the same period last year (the same period in 2023 decreased by 17.6%); followed by the Chinese market estimated at 43.56 billion USD, a slight increase of 0.1% over the same period last year (the same period in 2023 increased by 2%); EU market is estimated at 38.1 billion USD, an increase of 17% over the same period last year (the same period in 2023 decreased by 8.2%); South Korea is estimated at 18.9 billion USD, an increase of 7% (the same period in 2023 decreased by 5.1%); Japan is estimated at 18 billion USD, an increase of 4.7% (the same period in 2023 decreased by 3%). On the other hand, in terms of goods import market, China is still Vietnam's largest import market with a preliminary turnover of 105 billion USD, accounting for nearly 38% of Vietnam's total import turnover and increasing by 32.5% over the same period last year (the same period in 2023 decreased by 13.6%); followed by South Korea with an estimated 41.46 billion USD, up 8.2% (the same period in 2023 decreased by 20.1%); ASEAN reached 33.8 billion USD, up 12.3% (the same period in 2023 decreased by 14.5%); Japan reached 16 billion USD, up 2.4%; EU reached 12.2 billion USD, up 9.8%; The United States reached 10.9 billion USD, up 6.2%.
Trade balance in September 2024 continued to have a surplus of about 2.29 billion USD, bringing Vietnam's total trade surplus in the first 9 months of 2024 to about 20.79 billion USD (the same period last year had a trade surplus of 22.1 billion USD). By market area, trade surplus to the United States is estimated at 78.5 billion USD, up 31% over the same period last year; the trade surplus to the EU is estimated at 25.9 billion USD, up 20.8%; the trade surplus to Japan is estimated at 1.9 billion USD, up 28.8%.

Source: Vitic/ congthuong.vn