In the first ten months, the trade surplus reached $23.31 billion.

According to the General Statistics Office ( Ministry of Planning and Investment ), in October, the total value of goods exports and imports reached a preliminary figure of US$69.19 billion, an increase of 5.1% compared to the previous month and an increase of 11.8% compared to the same period last year.

The rice industry is among the commodities that have achieved high export growth rates. (Photo: Hong Dat/TTXVN)

Overall, in the first ten months of 2024, the preliminary total value of goods exports and imports reached US$647.87 billion, an increase of 15.8% compared to the same period last year, of which exports increased by 14.9%; and imports increased by 16.8%. The trade balance showed a surplus of US$23.31 billion.

Specifically, preliminary figures for merchandise exports in October 2024 reached US$35.59 billion, a 4.4% increase compared to the previous month; of which, the domestic economic sector accounted for US$10.3 billion, a 9.8% increase; and the foreign-invested sector (including crude oil) accounted for US$25.29 billion, a 2.4% increase. Compared to the same period last year, merchandise exports in October increased by 10.1%; of which, the domestic economic sector increased by 17.7%, and the foreign-invested sector (including crude oil) increased by 7.3%.

Overall, in the first ten months of 2024, preliminary merchandise exports reached US$335.59 billion, an increase of 14.9% compared to the same period last year; of which, the domestic economic sector accounted for US$93.97 billion, an increase of 20.7%, representing 28.0% of total exports; the foreign-invested sector (including crude oil) accounted for US$241.62 billion, an increase of 12.8%, representing 72.0%. In the first ten months of 2024, 31 product categories achieved export turnover exceeding US$1 billion, accounting for 92.6% of total exports, and 7 product categories exceeded US$10 billion, accounting for 66.5%.

Regarding the structure of export product groups in the first ten months of 2024, the preliminary figures for fuel and mineral products reached US$3.57 billion, accounting for 1.1%; the preliminary figures for processed industrial goods reached US$295.23 billion, accounting for 88.0%; the preliminary figures for agricultural and forestry products reached US$28.54 billion, accounting for 8.5%; and the preliminary figures for aquatic products reached US$8.25 billion, accounting for 2.4%.

Preliminary figures for October 2024 show that merchandise imports reached US$33.6 billion, a 5.8% increase compared to the previous month; of which, the domestic economic sector accounted for US$12.68 billion, a 15.9% increase; and the foreign-invested sector accounted for US$20.92 billion, a 0.5% increase. Compared to the same period last year, merchandise imports in October increased by 13.6%, with the domestic economic sector increasing by 18.6% and the foreign-invested sector increasing by 10.7%.

Overall, in the first ten months of 2024, preliminary merchandise imports reached US$312.28 billion, an increase of 16.8% compared to the same period last year; of which the domestic economic sector accounted for US$113.58 billion, an increase of 18.8%; and the foreign-invested sector accounted for US$198.7 billion, an increase of 15.8%.

In the first ten months of 2024, 42 imported items had a value exceeding $1 billion, accounting for 92.1% of total import turnover, and 4 imported items exceeded $10 billion, accounting for 48.3%.

Regarding the structure of import groups in the first ten months of 2024, the preliminary import of production materials reached US$292.57 billion, accounting for 93.7%; of which, machinery, equipment, tools and spare parts accounted for 47.3%; and raw materials, fuels and materials accounted for 46.4%. The preliminary import of consumer goods reached US$19.71 billion, accounting for 6.3%.

Regarding the import and export markets for the first ten months of 2024, the United States was Vietnam's largest export market with a turnover of US$98.4 billion. China was Vietnam's largest import market with a turnover of US$117.7 billion. In the first ten months of 2024, the trade surplus with the United States reached US$86.1 billion, an increase of 26.9% compared to the same period last year; the trade surplus with the EU was US$28.5 billion, an increase of 18.6%; the trade surplus with Japan was US$2.4 billion, an increase of 56.9%; the trade deficit with China was US$66.9 billion, an increase of 68.5%; the trade deficit with South Korea was US$25.3 billion, an increase of 8.1%; and the trade deficit with ASEAN was US$7.3 billion, an increase of 6.4%.

According to VNA

Source: https://doanhnghiepvn.vn/kinh-te/muoi-thang-xuat-sieu-23-31-ty-usd/20241106035445621