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Tuesday, July 16, 2024

Vietnam’s Jan-Nov trade put at US$619 billion

The Saigon Times

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HCMC – Vietnam’s import and export value amounted to US$619.2 billion in January-November this year, up by 8.3% against the same period last year, showed data of the General Statistics Office.

In November alone, the country’s trade with the rest of the world amounted to US$60.9 billion, a 5.9% year-on-year increase.

However, during the 11-month period, export revenue declined by 5.9% year-on-year to US$322.5 billion, while imports dropped by 10.7% to nearly US$296.7 billion.

Vietnam achieved a trade surplus of US$25.8 billion between January and November. The figure surpassed the Jan-Oct data of US$24.6 billion to become the highest level in five years.

Seven groups of export items generated export revenue of US$10 billion or more each, including electronics, computers, and components; phones and phone parts; machinery, tools, and parts; textiles and garments; footwear; automobiles and parts; and wood and wood products.

There were 43 groups of import products that exceeded US$1 billion in revenue, collectively accounting for 92.2% of the nation’s total imports.

The U.S. remained the top export market for Vietnam, bringing in US$88 billion in export revenue in January-November, while China continued to be the largest exporter to Vietnam, contributing US$99.6 billion in Vietnam’s import value.

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