30 commodities see export turnover of over US$1 billion

In November, the country’s total export turnover stood at an estimated US$22.6 billion, a fall of 6.7 per cent against the previous month.

During the 11-month period, the nation’s export turnover reached approximately US$241.42 billion, up 7.8 per cent.

In total, 30 export items enjoyed export turnover of over US$1 billion during the reviewed period, making up 91.6 per cent of the country’s total export turnover.

Among the commodities, phones and components posted the largest export value with US$48.7 billion, accounting for 20.2 per cent of total exports, a rise of 5.4 per cent on-year.

The US remained Vietnam’s largest export market with turnover of US$55.6 billion, up 27.9 per cent, followed by the EU, China, ASEAN, Japan, and the Republic of Korea.

Elsewhere, import turnover during November stood at an estimated US$22.5 billion, up 0.6 per cent in comparison to the previous month. This contributed to the country’s total import turnover figure of US$232.31 billion during the 11-month period, representing a surge of 7.4 per cent.

China retained its position as the country’s largest import market with turnover of US$68.7 billion, up 15.2 per cent on-year, followed by the Republic of Korea, ASEAN, Japan, the EU, and the US.

Overall, Vietnam enjoyed a trade surplus of US$100 million during November and US$9.1 billion throughout the reviewed period. Of the figure, the domestic economic sector reported a trade deficit of US$23.5 billion, while the FDI sector recorded a trade surplus of US$32.6 billion.