Trade in goods increases by over US$ 7 billion in second half of October

VCN – The statistics of the General Department of Vietnam Customs recorded that the total trade in goods in the second half of October increased by 27.7% or US$7.49 billion to US$ 34.51 billion compared with the first half of October.
Import and export turnover across Cao Bang prospers but still exists difficulties Import and export turnover across Cao Bang prospers but still exists difficulties
Hai Phong Customs: Declarations and turnover both decreased in the first quarter Hai Phong Customs: Declarations and turnover both decreased in the first quarter
Trade in goods increases by over US$ 7 billion in second half of October
Imports and exports shows positive signs. Photo: T.B

The positive figure in the second half of October increased the total import and export turnover of the whole country to US$ 558.33 billion, down 9.6% year-on-year.

In October, the trade balance of goods had a surplus of US$1.52 billion. In 10 months, the country's trade surplus was US$24.59 billion, 2.6 times higher than the surplus of US$9.56 billion in the same period last year.

In the second half of October, the import and export turnover rose 27% to US$ 18.02 billion compared with the first half. The export turnover of commodity groups surged such as: machinery, equipment, tools and spare parts at US$ 738 million; computers, electronic products and components at US$704 million; footwear at US$322 million; textiles and garments at US$ 298 million; means of transport and spare parts at US$196 million; Iron and steel of all kinds at US$173 million…

At the end of October, Vietnam’s total export turnover decreased by 7% to US$ 291.46 billion compared with the same period in 2022.

The import turnover in the second half of October grew 28.5% to US$ 16.5 billion compared with the second half. The import turnover of commodity groups soared including computers, electronic products and components at US$1.02 billion; machinery, equipment, tools and spare parts at US$447 million; crude oil at US$278 million; Phones and components at US$ 154 million; chemicals at US$135 million. ​

Total import turnover of the country fell 12.2% to US$ 266.87 billion year-on-year.

By Thai Binh/Ngoc Loan

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