Export-import turnover in October reaches US$69.19 billion
Export-import turnover of agro-forestry-aquatic products down 5.9% | |
Lao Cai Customs sees a triple-digit surge in export-import turnover |
The export turnover of the processed industrial product group reached US$295.23 billion, accounting for 88%. Illustrative photo: Ha Phuong |
In the first 10 months of 2024, the total preliminary import and export turnover reached US$647.87 billion, up 15.8% over the same period last year, of which exports rose 14.9%; imports grew 16.8%. The trade balance recorded a trade surplus of US$23.31 billion.
According to the General Statistics Office, the export turnover in October 2024 increased by 4.4% month-on-month to US$35.59 billion. Of which, the export turnover of domestic economic sector reached US$10.3 billion, up 9.8%; the export turnover of the FDI sector (including crude oil) recorded US$ 25.29 billion, up 2.4%.
The export turnover in October went up 10.1% year-on-year, of which the export turnover of the domestic economic sector increased by 17.7%, the export turnover of the FDI sector (including crude oil) grew 7.3%.
In the first 10 months of 2024, the export turnover reached US$335.59 billion, up 14.9% over the same period last year. Of which, the export turnover of the domestic economic sector reached US$93.97 billion, up 20.7%, accounting for 28% of the total export turnover; the export turnover of the FDI sector (including crude oil) reached US$241.62 billion, up 12.8%, accounting for 72.0%.
Notably, in the first 10 months of the year, there were 31 items with export turnover of over 1US$ billion, accounting for 92.6% of total export turnover (there were 7 items with export turnover of over US$10 billion, accounting for 66.5%). |
The import turnover in October 2024 recorded US$ 33.6 billion, up 5.8% compared to the previous month. Of which, the import turnover of domestic economic sector gained US$12.68 billion, up 15.9%; the import turnover of FDI sector reached US$20.92 billion, up 0.5%.
The import turnover in October increased by 13.6%, of which the import turnover of the domestic sector rose 18.6%, and of the FDI sector went up 10.7%.
In the first 10 months of 2024, the preliminary import turnover reached US$312.28 billion, an increase of 16.8% over the same period last year, of which the import turnover of the domestic economic sector gained US$113.58 billion, up 18.8%; the import turnover of FDI sector reached US$198.7 billion, up 15.8%.
Regarding the import and export market in the first 10 months of 2024, the US is Vietnam's largest export market with a turnover of US$ 98.4 billion. China continues to be Vietnam's largest import market with a turnover of US$117.7 billion.
Specifically, the country had a trade surplus of US$86.1 billion, up 26.9% over the same period last year; a trade surplus with the EU at US$28.5 billion, up 18.6%; the trade surplus with Japan at US$2.4 billion, up 56.9%. The country had a trade deficit with China at US$66.9 billion, up 68.5%; with South Korea reached at US$25.3 billion, up 8.1%; with ASEAN at US$ 7.3 billion, up 6.4%.
In the first 10 months of 2024, the preliminary trade balance had a trade surplus of US$23.31 billion. Of which, the domestic economic sector had a trade deficit of US$19.61 billion; the FDI sector (including crude oil) had a trade surplus of US$42.92 billion. |
Related News
Latest News
VN's food processing industry struggles to improve quality and value chain integration
15:53 | 22/11/2024 Import-Export
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export
Vietnamese enterprises facing challenges from cross-border e-commerce platforms
14:32 | 21/11/2024 Import-Export
More News
Vietnam, Malaysia eye new milestone in trade ties
14:29 | 21/11/2024 Import-Export
Shrimp exports surge in 10 months, generating 3.2 billion USD
14:27 | 21/11/2024 Import-Export
Vietnam’s exports to the U.S. near US$100 billion milestone
09:46 | 21/11/2024 Import-Export
From the “abnormal” coffee price, worries about the new crop
09:46 | 21/11/2024 Import-Export
What obstacles limit the market share of Vietnamese goods in the UK?
14:49 | 20/11/2024 Import-Export
Why seafood exports to some Middle Eastern Countries are stalled
14:47 | 20/11/2024 Import-Export
Storm No. 3 destroys profits of many insurance companies
14:45 | 20/11/2024 Import-Export
Vietnam, Malaysia eye golden partnership opportunities in Halal industry
14:44 | 20/11/2024 Import-Export
Tra fish sector aiming for production, processing greening for sustainable development
14:41 | 20/11/2024 Import-Export
Your care
VN's food processing industry struggles to improve quality and value chain integration
15:53 | 22/11/2024 Import-Export
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export
Vietnamese enterprises facing challenges from cross-border e-commerce platforms
14:32 | 21/11/2024 Import-Export
Vietnam, Malaysia eye new milestone in trade ties
14:29 | 21/11/2024 Import-Export