Official import and export of goods exceeds 500 billion USD mark

Goods exports increased by more than 2 billion USD. By the end of September, which items reached the import-export turnover of 100 billion USD?

Specifically, from October 1 to 15, the country's exports reached 14.2 billion USD. Among Vietnam's main export groups, there were 4 groups with turnover of 1 billion USD or more in the first half of October.

Leading the way are phones and components with 2.55 billion USD, thereby raising the turnover from the beginning of the year to October 15 to 41.47 billion USD. Next are computers, electronic products and components; machinery, equipment, tools, spare parts; textiles...

Accumulated from the beginning of the year to October 15, the country's export turnover reached 272.74 billion USD, down more than 24 billion USD compared to the same period last year.

Regarding products, it is noteworthy that in the first half of October (October 1-15), fruit and vegetable exports earned 349.52 million USD, thereby raising the turnover from the beginning of the year to October 15 to 4.56 billion USD, an increase of 75.4% over the same period last year, equivalent to an increase of nearly 2 billion USD.

Xuất nhập khẩu hàng hoá chính thức vượt mốc 500 tỷ USD

Fruit and vegetable exports have impressive growth

Since the beginning of the year, fruits and vegetables have had the most impressive growth among Vietnam's key export groups.

Notably, in the last months of the year, fruit and vegetable exports continue to accelerate remarkably. According to Mr. Dang Phuc Nguyen - General Secretary of the Vietnam Fruit and Vegetable Association, in the remaining months of 2023, while durian in other countries in Southeast Asia is out of season, Vietnam still has durian growing areas in the Central Highlands that have not been exploited. This will be a great opportunity for the largest export item of the fruit and vegetable industry to continue to increase its turnover in the coming time.

Another item is also showing signs of easing difficulties. In 8 months, the country's textile and garment export turnover is estimated at 26.93 billion USD, down 15.6% compared to the same period in 2022.

The Ministry of Industry and Trade assessed that this decrease slowed down compared to the 16.89% decrease in 6 months compared to the same period in 2022; slowed down compared to the 17.62% decrease in 5 months, but increased by 2.55% compared to the first 8 months of 2019.

Global textile and garment demand in 2023 is likely to decrease by 8-10%, which will strongly impact Vietnam's textile and garment exports this year and in the first months of 2024. The Vietnam Textile and Apparel Association (VITAS) assessed that Vietnam's textile and garment export turnover in 2023 is estimated to reach 40 billion USD, down 10% compared to 2022.

However, Vietnam’s textile and garment export and import activities are showing positive signs and are likely to recover in the coming months. It is known that recently, partners from Europe, Northeast Asia, Southeast Asia, etc. coming to learn about garment products have tended to increase rapidly compared to previous months. Exports to the US and EU markets have also improved.

On the other hand, goods imports in the first period of October reached 12.84 billion USD, thereby raising the total turnover from the beginning of the year to October 15 to 250.2 billion USD, down nearly 40 billion USD compared to the same period last year.

The results achieved in the first half of October brought the total import-export turnover of the country from the beginning of the year to October 15 to approximately 523 billion USD, with a trade surplus of 22.54 billion USD.

Previously, in 2022, the total value of Vietnam's import and export of goods reached 730.2 billion USD, an increase of 9.1% (equivalent to an increase of 61.2 billion USD) compared to 2021. Of which, the export value was 371.3 billion USD, an increase of 10.5%, equivalent to an increase of 35.14 billion USD compared to the previous year; the import value was 358.9 billion USD, an increase of 7.8%, equivalent to an increase of 26.06 billion USD. This is a record import and export level ever.

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