Ten months of 2023: Trade in goods estimated at US$ 291.28 billion

	Hai Phong Customs earns nearly VND48,000 billion
	With increased orders, seafood exports for the whole year will reach 9 billion USD

Vietnam’s rice exports achieve positive results in volume and value. Illustrative photo: TTXVN

According to the General Statistics Office announced on October 29, the export turnover in October is estimated at US$ 32.31 billion, up 5.3% month-on-month and 5.9% year-on-year, of which the export turnover of the domestic economic sector increased by 15.1%, and of the FDI sector (including crude oil) rose by 3%.

In ten months of the year, the import and export turnover of goods drops 7.1% year-on-year to US$ 291.28 billion. The export turnover of the domestic economic sector fell 4.1% to US$ 77.09 billion, accounting for 26.5% of the total export turnover; the export turnover of the FDI sector (including crude oil export turnover) decreased by 8.1% to US$ 214.19 billion, accounting for 73.5%.

In ten months of the year, 33 commodity groups reached export turnover worth US$1 billion, accounting for 92.9% of total export turnover.

The export turnover of the fuel and mineral group is estimated to reach US$3.44 billion, accounting for 1.2%; processed industrial goods at US$257.42 billion, accounting for 88.3%; Agricultural and forestry products at US$22.97 billion, accounting for 7.9%; Seafood group at US$7.45 billion, accounting for 2.6%.

The import turnover in October is estimated at US$ 29.31 billion, increasing by 2.9% month-on-month and 5.2% year-on-year. The import turnover in ten months of the year shows a decrease of 12.3% year-on-year to US$ 266.67 billion.

41 commodities hit the import turnover worth over US$ 1 billion, accounting for 91.4% of the total import turnover. The import turnover of production materials reaches US$ 250.12 billion, accounting for 93.8%.

The US is Vietnam’s largest export market with an estimated turnover at US$ 78.6 billion. China is Vietnam's largest import market with an estimated turnover of US$89.8 billion.

The trade balance of goods in October is estimated at a trade surplus of 3 US$ billion. In the first 10 months of 2023, the trade balance of goods is estimated to have a trade surplus of US$24.61 billion (the same period last year had a trade surplus of 9.56 billion USD). Of which, the domestic economic sector has a trade deficit of US$17.99 billion; The foreign-invested sector (including crude oil) had a trade surplus of US$42.6 billion.