36 product categories achieved export turnover exceeding 1 billion USD.

In the first 11 months of 2024, 36 product categories achieved export turnover exceeding 1 billion USD, accounting for 94% of total export turnover.

Goods exports in the first 11 months reached US$369.93 billion, an increase of 14.4% compared to the same period last year. Photo: Cuong Ngo

According to the General Statistics Office, in November, the preliminary total value of goods exports and imports reached US$66.4 billion, a decrease of 4% compared to the previous month and an increase of 9% compared to the same period last year. For the first 11 months of the year, the preliminary total value of goods exports and imports reached US$715.55 billion, an increase of 15% compared to the same period last year. Exports increased by 14%; imports increased by 16%. The trade balance showed a surplus of US$24.31 billion. Goods exports in the first 11 months reached US$369.93 billion, an increase of 14.4% compared to the same period last year. Of this, the domestic economic sector accounted for US$103.88 billion, an increase of 20% and representing 28% of total exports. The foreign-invested sector (including crude oil) accounted for US$266.05 billion, an increase of 12%. In the first 11 months, 36 product categories achieved export turnover exceeding 1 billion USD, accounting for 94% of total export turnover. Seven product categories exceeded 10 billion USD in export value. Leading the way were electronics, computers, and components, bringing in 65.2 billion USD, a 26% increase compared to the same period last year. Telephones and components contributed 50.2 billion USD, a 3% increase. Machinery, equipment, tools, and other spare parts reached 47.8 billion USD, a 22% increase. Additionally, the textile and garment industry achieved export value of 33.7 billion USD, an 11% increase; footwear reached 20.8 billion USD, a 13% increase; wood and wood products reached 14.7 billion USD, a 21% increase; and transportation vehicles and parts contributed 13.8 billion USD, a 6% increase. Overall, the processed industrial goods group brought in US$325.52 billion, accounting for 88% of total export turnover. Meanwhile, the agricultural and forestry products group reached US$31.35 billion, accounting for 8.4%; the seafood group reached US$9.17 billion; and the fuel and mineral group reached US$3.89 billion. Commenting on the positive proportion of exports, Dr. Le Duy Binh - Director of Economica Vietnam - stated that Vietnam's exports from the beginning of the year to date continue to be a bright spot in Vietnam's overall economic picture. This shows that the resilience of the Vietnamese economy has increased and the flexibility and adaptability of Vietnamese businesses have also improved. Recently, a report by UOB Vietnam (the 5th bank of the UOB Group in Asia) forecasts that Vietnam's exports this year will increase by 18%, the highest since 2021. Similarly, a report by the World Trade Organization (WTO) also indicates that Vietnam's total merchandise exports in 2023 will reach US$354 billion, accounting for 1.5% of the global total, placing Vietnam among the top 30 largest exporting economies in the world. In terms of imports, among the 30 largest importing economies in the world, Vietnam ranks 22nd with US$326 billion, accounting for 1.3% of global imports. Source: https://laodong.vn/kinh-doanh/36-mat-hang-dat-kim-ngach-xuat-khau-tren-1-ti-usd-1431699.ldo