The turnover of key export commodity groups increases

	Beyond US$500 billion, import and export in 2020 still faces difficulties
	Garment and textile sector enjoys trade surplus of US$16.6 billion
	Vietnam’s foreign trade to exceed 500 billion USD in 2019

Import and export activities at Tan Vu port, Hai Phong. Photo: T. Binh.

According to the General Department of Customs, Vietnam’s total exports in the second half of November reached US$11.72 billion, up 6.2 percent (equivalent to an increase of $688 million) compared to the first half of November 2019.

Exports in the second half increased compared to the first half in some key commodity groups: computers, electronic products and components up by $107 million; machinery, equipment, tools and spare parts $102 million; footwear of all kinds $95 million; textiles and garments $66 million; and wood and wooden products $55 million.

By the end of November, Vietnam's total export value hit $241.65 billion, up 7.9 percent, equivalent to an increase of $17.74 billion over the same period in 2018.

Regarding imports, total value in the second half reached $10.2 billion, down 7.7 percent (equivalent to $854 million) compared to the results in the first half of November 2019.

Import value of goods in the second half decreased compared to the first half, in some commodity groups: computers, electronic products and components, down by $331 million; crude oil $166 million; iron and steel $116 million; and normal metal $47 million.

However, in the second half of November, turnover of some import commodity groups rose, with petrol and oil of all kinds up by US$63 million; CBU cars $48 million; and coal of all kinds $48 million.

By the end of November, Vietnam’s total import value reached $230.71 billion, up 6.6 percent (equivalent to an increase of $14.38 billion) over the same period in 2018.

In the first 11 months, the trade surplus hit a record $10.94 billion USD.

30 commodities see export turnover of over US$1 billion A total of 30 commodities enjoyed export values of over US$1 billion during the first 11 months ...

Also according to the General Department of Customs, by the end of November, total turnover of foreign-invested enterprises (FDI) reached $297.87 billion, up 3.2 percent (equivalent to an increase of $9.2. billion); import-export value of domestic enterprises was $174.49 billion, up 15.1 percent (equivalent to an increase of $22.93 billion) compared to the same period in 2018.