Import and export rose by more than US$81 billion by the end of September

Goods passing through Hai Phong port area. Photo: Thúy Hồng.

As of late September 2024, Vietnam's total import-export turnover reached US$578.49 billion, marking a 16.3% increase (equivalent to US$81.11 billion) year-on-year.

Foreign direct investment (FDI) enterprises contributed US$392.72 billion, increasing 14.8% (equivalent to US$50.73 billion), while domestic enterprises contributed US$185.78 billion, rising 19.5% (equivalent to US$30.37 billion).

In the second half of September, exports reached US$19.71 billion, a significant 40.8% increase (equivalent to US$5.71 billion) compared to the previous period.

Notably, exports of computers, electronics, and components surged by US$1.19 billion (46.3%); phones and components increased by US$794 million (41.8%); machinery, equipment, and spare parts rose by US$596 million (27.3%); textiles climbed by US$506 million (41.5%); and footwear grew by US$298 million (47.8%).

By the end of September, Vietnam's total export turnover reached US$299.65 billion, up 15.4% (equivalent to US$39.93 billion) year-on-year.

Imports in the second half of September reached US$16.74 billion, up 15.1% (equivalent to US$2.2 billion) compared to the previous period.

Key import items experiencing significant growth included machinery, equipment, spare parts (a rise of US$370 million or 20.5%), steel (an increase of US$196 million or 45.9%), fabrics (an climbed of US$101 million or 60.9%), and wheat (a growth of US$85 million or 119.9%).

By the end of September, the country's total import turnover reached US$278.84 billion, rising 17.3% (equivalent to US$41.18 billion) year-on-year.

For the first nine months of the year, Vietnam's trade balance recorded a surplus of US$20.81 billion, down 5.7% compared to the surplus of US$22.06 billion in the same period last year.