Exports in 10 months reached more than 390 billion USD

The total export and import turnover of goods in the first 10 months also reached an impressive milestone, over 762 billion USD, an increase of more than 17% over the same period last year. In the first 10 months, the export turnover of goods reached 391 billion USD, an increase of 16.2% over the same period last year (the same period in 2024 increased by 15.2%). Of which, the domestic economic sector reached more than 94 billion USD, accounting for 24.1% of the total export turnover; the foreign-invested sector (including crude oil) reached over 296.8 billion USD, an increase of 22.5%, accounting for a large proportion of 75.9%.

In 10 months, Vietnam had 36 products with export turnover of over 1 billion USD, accounting for 94.1% of total turnover (of which 7 products exceeded 10 billion USD, accounting for 67.9%). In terms of export commodity structure, processed industrial products led with 346.7 billion USD, accounting for 88.7%. Next was the agricultural and forestry products group with 32.6 billion USD (accounting for 8.3%), the aquatic products group with 9.3 billion USD (accounting for 2.4%) and the fuel and mineral products group with 2.3 billion USD (accounting for 0.6%).

In terms of import and export markets, the United States continues to be Vietnam's largest export market with a turnover of 126.2 billion USD. China is the largest import market with a turnover of 150.9 billion USD.

In the 10 months, Vietnam had a trade surplus with the US of 111 billion USD (up 28.2%), a trade surplus with the EU of 32.2 billion USD (up 11.2%), and a trade surplus with Japan of 1.6 billion USD (down 29.8%). In addition, Vietnam had a trade deficit with China of 93.9 billion USD (up 38.6%), a trade deficit with South Korea of 25.6 billion USD (up 1.6%) and a trade deficit with ASEAN of 11.6 billion USD (up 55.9%).

In the context of global trade fluctuations, the Government has directed the Ministry of Industry and Trade and relevant agencies to implement solutions to help diversify the market. In Resolution 86 on implementing key tasks in the last months of the year, which has just been issued, the Government requires the completion of negotiations and signing of the Free Trade Agreement between Vietnam and the South American common market Mercosur and the Gulf Cooperation Council in the fourth quarter of this year.

Source: https://vtv.vn/xuat-khau-10-thang-dat-hon-390-ty-usd-100251107105550183.htm