Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

Import and export activities through Kim Thanh International Road Border Gate No. II, Lao Cai. Photo: T.Bình.

In the first half of November (November 1–15), Vietnam exported goods worth US$16.73 billion, with five key categories each surpassing the billion-dollar mark in just 15 days:

Computers, electronic products, and components dominated with a turnover of US$3.09 billion—an equivalent of over US$200 million per day.

Machinery, equipment, tools, and spare parts followed closely at US$2.3 billion, showcasing robust demand in global manufacturing sectors; phones and components: Reached US$2.17 billion, continuing to be a cornerstone of Vietnam’s export strength; textiles delivered US$1.45 billion, reflecting steady global demand for Vietnam’s garment industry; footwear achieved US$1.08 billion, further cementing Vietnam’s reputation as a global footwear hub.

Imports during the same period closely matched exports, amounting to US$16.7 billion. Two product categories stood out:

Computers, electronic products, and components led with a staggering US$4.67 billion and machinery, equipment, tools, and spare parts recorded US$2.25 billion,

From January 1 to November 15, Vietnam’s import-export turnover climbed to US$681.48 billion, comprising exports is US$352.38 billion, and imports is US$329.1 billion.

With more than a month left in the year, Vietnam has already matched its entire 2023 trade turnover of US$681.08 billion—achieved in just 10.5 months.

If the current monthly average continues, Vietnam is on course to end 2024 with US$780 billion in total trade turnover, marking a historic high.

For those optimistic about an even higher target of US$800 billion, achieving this would require an extraordinary effort. Vietnam would need to generate US$118.52 billion in trade turnover over the remaining 1.5 months—averaging an ambitious US$79 billion per month. While challenging, such a surge would reflect unprecedented momentum in global trade and Vietnam’s capacity to rise to the occasion.

Regardless of whether the final figure lands at US$780 billion or crosses the US$800 billion threshold, Vietnam is poised to achieve a record-breaking milestone in 2024.