Exports increase sharply, Vietnam has a trade surplus

	Quang Ninh Customs rises 31% in trade
	Commodity export marked in 2011-2020: From trade deficit to trade surplus
	Trade balance will be maintained by end-2021

Import and export structure in the first 10 months of the year. Chart: T.Binh.

New preliminary statistics announced by the General Department of Customs on November 10 show that the second period of October (from October 16 to October 31) reached US$28.72 billion, up 9.9% (corresponding to US$2.58 billion) compared to the results in the first half of October 2021.

The results achieved in the second half of October 2021 brought Vietnam's total import-export turnover in the first 10 months of the year to US$539.42 billion, up 22.6% (equivalent to US$99.54 billion) compared to the same period in 2020.

In the second period of October, the trade balance of goods had a surplus of US$2.64 billion, thereby bringing the trade surplus in the first 10 months of the year to more than US$120 million. Although the trade surplus was still modest compared to the same period last year, it was a very positive sign in the context of the trade deficit for many consecutive months.

A more specific analysis of export and import results in the second half of October by the General Department of Customs shows a breakthrough in export activities in recent days.

Specifically, Vietnam's exports in the 2nd period of October reached US$15.68 billion, up 19.2% (equivalent to US$2.52 billion) compared to the first period of October 2021.

Export groups increased sharply such as: computers, electronic products and components with an increase of US$704 million, equivalent to an increase of 40.1%; phones and components increased by US$629 million, equivalent to 25.5%; footwear of all kinds increased by US$166 million, corresponding to an increase of 43.1%; wood and wood products increased by US$153 million, equivalent to 38.4%, seafood increased by US$120 million, equivalent to an increase of 31%.

Thus, by the end of October, Vietnam's exports reached US$269.77 billion, up 17.4%, equivalent to an increase of US$40.02 billion over the same period in 2020.

Regarding imports, the second half of October reached US$13.04 billion, a slight increase of 0.5% (equivalent to US$59 million) compared to the performance in the first half of October 2021.

Enterprises need to redirect pangasius exports VCN – China has suspended operations of all frozen seafood and food supply chain companies in Dalian ...

Imports in the 2nd period of October increased in some important commodity groups such as: phones of all kinds and components were up by US$286 million, equivalent to 33.3%; petrol and oil of all kinds increased by US$72 million, equivalent to 53.1%.

By the end of October, Vietnam's imports reached nearly US$269.65 billion, up 28.3% (equivalent to US$59.5 billion) over the same period in 2020.