In the first 9 months of 2024, Vietnam's trade surplus with the US market reached its highest level, followed by the EU and Japanese markets.
According to the report of Ministry of Industry and Trade , with the recovery of the world market, increased export orders, our country's import and export activities in the first 9 months of 2024 have improved and achieved positive results.
In September 2024, total turnover import export Preliminary goods reached 65.81 billion USD, although down 8% compared to the previous month, it still increased by 10.9% compared to the same period last year.
In the first 9 months, the total preliminary import-export turnover of goods reached 578.47 billion USD, up 16.3% over the same period last year (down 11% over the same period), of which exports increased by 15.4% (down 8.2% over the same period); imports increased by 17.3% (down 13.9% over the same period). The trade balance of goods had a surplus of 20.79 billion USD.
Remarkable, export continued to grow strongly and evenly in all three commodity groups. Specifically, the preliminary export turnover of the agricultural, forestry and fishery group reached 28.8 billion USD, up 21.9% over the same period in 2023, accounting for 9.6% of the country's total export turnover.
The preliminary export turnover of processed and manufactured industrial products reached 253.9 billion USD, accounting for 84.7% of total export turnover and increasing by 15.2% over the same period in 2023 (the same period in 2023 decreased by 9.6%). The export turnover of mineral fuel products in the first 9 months is estimated at 3.1 billion USD, increasing by 3% over the same period in 2023.
Regarding the market, in the first 9 months of 2024, export turnover to most markets and major trading partners of our country had a positive recovery and achieved high growth. In particular, USA is Vietnam's largest export market with an estimated turnover of 89.4 billion USD, accounting for 29.8% of the country's total export turnover and increasing by 27.4% over the same period last year (the same period in 2023 decreased by 17.6%); followed by Chinese market estimated at 43.56 billion USD, a slight increase of 0.1% over the same period last year (same period in 2023 increased by 2%); the EU market is estimated at 38.1 billion USD, an increase of 17% over the same period last year (same period in 2023 decreased by 8.2%); Korea is estimated at 18.9 billion USD, an increase of 7% (same period in 2023 decreased by 5.1%); Japan is estimated at 18 billion USD, an increase of 4.7% (same period in 2023 decreased by 3%).
On the other hand, about the market import In terms of goods, China is still Vietnam's largest import market with a preliminary turnover of 105 billion USD, accounting for nearly 38% of the country's total import turnover and increasing by 32.5% over the same period last year (the same period in 2023 decreased by 13.6%); followed by South Korea with an estimated 41.46 billion USD, up 8.2% (the same period in 2023 decreased by 20.1%); ASEAN reached 33.8 billion USD, up 12.3% (the same period in 2023 decreased by 14.5%); Japan reached 16 billion USD, up 2.4%; EU reached 12.2 billion USD, up 9.8%; The United States reached 10.9 billion USD, up 6.2%.
The trade balance in September 2024 continued to have a surplus of about 2.29 billion USD, bringing our country's total trade surplus in the first 9 months of 2024 to about 20.79 billion USD (in the same period last year, the trade surplus was 22.1 billion USD). By market area, the trade surplus to USA estimated at 78.5 billion USD, up 31% over the same period last year; trade surplus to the EU estimated at 25.9 billion USD, up 20.8%; trade surplus to Japan estimated at 1.9 billion USD, up 28.8%.
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