9 months, import-export turnover increased by 16.3%

According to new data released on the morning of October 6 by the General Statistics Office, in the first 9 months of 2024, total import-export turnover reached 578.47 billion USD, an increase of 16.3% over the same period.

According to the General Statistics Office, in September, the total preliminary import-export turnover of goods reached 65.81 billion USD, down 8% compared to the previous month and up 10.9% compared to the same period last year. In the first 9 months of 2024, the total preliminary import-export turnover of goods reached 578.47 billion USD, up 16.3% compared to the same period last year. Of which, exports increased by 15.4%; imports increased by 17.3%. The trade balance of goods had a surplus of 20.79 billion USD.

Specifically, turnover export September 2024 goods export turnover reached 34.05 billion USD, down 9.9% compared to the previous month. Of which, the domestic economic sector reached 9.39 billion USD, down 14.4%; the foreign-invested sector (including crude oil) reached 24.66 billion USD, down 8.1%. Compared to the same period last year, September goods export turnover increased by 10.7%, of which the domestic economic sector increased by 16.0%; the foreign-invested sector (including crude oil) increased by 8.8%.

In the third quarter of 2024, export turnover reached 108.6 billion USD, up 15.8% over the same period last year and up 10.6% over the second quarter of 2024.

In the first 9 months of 2024, the total export turnover of goods reached 299.63 billion USD, up 15.4% over the same period last year. Of which, the domestic economic sector reached 83.47 billion USD, up 20.7%, accounting for 27.9% of the total export turnover; the foreign-invested sector (including crude oil) reached 216.16 billion USD, up 13.4%, accounting for 72.1%.

In the first 9 months of 2024, there were 30 items with export turnover of over 1 billion USD, accounting for 92.3% of total export turnover, of which there were 7 items with export turnover of over 10 billion USD, accounting for 66.4%.

Regarding the structure of export goods in the first 9 months of 2024, the group of fuel and minerals reached 3.29 billion USD, accounting for 1.1%; the group of processed industrial goods reached 263.47 billion USD, accounting for 87.9%; the group of agricultural and forestry products reached 25.64 billion USD, accounting for 8.6%; the group of aquatic products reached 7.23 billion USD, accounting for 2.4%.

The group of processed industrial products exported in the first 9 months of 2024 reached 263.47 billion USD, accounting for 87.9%. Photo: Mai Anh

Meanwhile, the import turnover of goods in September 2024 reached 31.76 billion USD, down 5.9% compared to the previous month. Of which, the domestic economic sector reached 10.94 billion USD, down 10%; the foreign-invested sector reached 20.82 billion USD, down 3.6%. Compared to the same period last year, the import turnover of goods in September increased by 11.1%, of which the domestic economic sector increased by 8.4%; the foreign-invested sector increased by 12.5%.

In the third quarter of 2024, import turnover reached 99.74 billion USD, up 17.2% over the same period last year and up 6.1% over the second quarter of 2024.

In the first 9 months of 2024, the total import turnover of goods reached 278.84 billion USD, up 17.3% over the same period last year, of which the domestic economic sector reached 100.85 billion USD, up 18.8%; the foreign-invested sector reached 177.99 billion USD, up 16.5%.

In the first 9 months of 2024, there were 40 imported items with a value of over 1 billion USD, accounting for 91.5% of total import turnover; of which, there were 3 imported items with a value of over 10 billion USD, accounting for 45%.

Regarding the structure of imported goods in the first nine months of 2024, the group of production materials reached 261.5 billion USD, accounting for 93.8%, of which the group of machinery, equipment, tools and spare parts accounted for 47.3%; the group of raw materials, fuels and materials accounted for 46.5%. The group of consumer goods reached 17.34 billion USD, accounting for 6.2%.

Regarding the import and export market of goods in the first 9 months of 2024, the United States is Vietnam's largest export market with an estimated turnover of 89.4 billion USD. China is Vietnam's largest import market with an estimated turnover of 105 billion USD. In the first 9 months of 2024, the trade surplus with the United States is estimated at 78.5 billion USD, up 31% over the same period last year; the trade surplus with the EU is estimated at 25.9 billion USD, up 20.8%; the trade surplus with Japan is 1.9 billion USD, up 28.8%; the trade deficit with China is 61.4 billion USD, up 70.1%; the trade deficit with South Korea is 22.6 billion USD, up 9.2%; the trade deficit with ASEAN is 6.2 billion USD, up 9.3%.

The trade balance of goods in September had a trade surplus of 2.29 billion USD. In the first 9 months of 2024, the trade balance of goods had a trade surplus of 20.79 billion USD (the same period last year had a trade surplus of 22.1 billion USD). Of which, the domestic economic sector had a trade deficit of 17.38 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 38.17 billion USD.

Regarding service export and import, in the third quarter of 2024, service export turnover is estimated at 5.9 billion USD, up 12% over the same period in 2023 and up 4.2% over the previous quarter; service import turnover is estimated at 9.8 billion USD, up 26% over the same period last year and up 11.8% over the previous quarter.

In the first 9 months of 2024, the total export turnover of services is estimated at 17.4 billion USD, up 18.8% over the same period in 2023, of which tourism services reached 8.8 billion USD (accounting for 50.6% of total turnover), up 33.4% over the same period last year; transportation services reached 4.9 billion USD (accounting for 28.1%), up 7.9%.

Service import turnover in the first 9 months of 2024 is estimated at 26.6 billion USD (including transportation and insurance service fees for imported goods of 8.8 billion USD), up 26.8% over the same period last year; of which transportation services reached 10.7 billion USD (accounting for 40.2% of total turnover), up 17.7%; tourism services reached 9.3 billion USD (accounting for 34.7%), up 68%.

Trade deficit in services in the first 9 months of 2024 is 9.2 billion USD.

Source