Regarding the import and export market of goods in the first ten months of 2024, the United States is Vietnam's largest export market with a turnover of 98.4 billion USD.
According to the General Statistics Office (Ministry of Planning and Investment), in October, the total preliminary import and export turnover of goods reached 69.19 billion USD, up 5.1% compared to the previous month and up 11.8% compared to the same period last year.
In the first ten months of 2024, the total preliminary import and export turnover of goods reached 647.87 billion USD, up 15.8% over the same period last year, of which exports increased by 14.9%; imports increased by 16.8%. The trade balance of goods had a surplus of 23.31 billion USD.
Specifically, turnover export goods October 2024 preliminary export turnover reached 35.59 billion USD, up 4.4% over the previous month; of which, the domestic economic sector reached 10.3 billion USD, up 9.8%; the foreign-invested sector (including crude oil) reached 25.29 billion USD, up 2.4%. Compared to the same period last year, the export turnover of goods in October increased by 10.1%; of which, the domestic economic sector increased by 17.7%, the foreign-invested sector (including crude oil) increased by 7.3%.
In the first ten months of 2024, the preliminary export turnover of goods reached 335.59 billion USD, up 14.9% over the same period last year; of which, the domestic economic sector reached 93.97 billion USD, up 20.7%, accounting for 28.0% of total export turnover; the foreign-invested sector (including crude oil) reached 241.62 billion USD, up 12.8%, accounting for 72.0%. In the first ten months of 2024, there were 31 items with export turnover of over 1 billion USD, accounting for 92.6% of total export turnover, there were 7 items with export turnover of over 10 billion USD, accounting for 66.5%.
Regarding the structure of export goods in the first ten months of 2024, the group of fuel and minerals initially reached 3.57 billion USD, accounting for 1.1%; the group of processed industrial goods initially reached 295.23 billion USD, accounting for 88.0%; the group of agricultural and forestry products initially reached 28.54 billion USD, accounting for 8.5%; the group of aquatic products initially reached 8.25 billion USD, accounting for 2.4%.
Preliminary import turnover of goods in October 2024 reached 33.6 billion USD, up 5.8% over the previous month; of which, the domestic economic sector reached 12.68 billion USD, up 15.9%; the foreign-invested sector reached 20.92 billion USD, up 0.5%. Compared to the same period last year, import turnover of goods in October increased by 13.6%, of which the domestic economic sector increased by 18.6%; the foreign-invested sector increased by 10.7%.
In the first ten months of 2024, the preliminary import turnover of goods reached 312.28 billion USD, up 16.8% over the same period last year; of which the domestic economic sector reached 113.58 billion USD, up 18.8%; the foreign-invested sector reached 198.7 billion USD, up 15.8%.
In the ten months of 2024, there were 42 imported items with a value of over 1 billion USD, accounting for 92.1% of total import turnover, and 4 imported items with a value of over 10 billion USD, accounting for 48.3%.
Regarding the structure of imported goods in the first ten months of 2024, the group of preliminary production materials reached 292.57 billion USD, accounting for 93.7%; of which, the group of machinery, equipment, tools and spare parts accounted for 47.3%; the group of raw materials, fuels and materials accounted for 46.4%. The group of preliminary consumer goods reached 19.71 billion USD, accounting for 6.3%.
Regarding the import and export market of goods in the first ten months of 2024, the United States is export market Vietnam's largest export market with a turnover of 98.4 billion USD. China is Vietnam's largest import market with a turnover of 117.7 billion USD.
In the first ten months of 2024, the trade surplus with the US reached 86.1 billion USD, up 26.9% over the same period last year; the trade surplus with the EU was 28.5 billion USD, up 18.6%; the trade surplus with Japan was 2.4 billion USD, up 56.9%; the trade deficit with China was 66.9 billion USD, up 68.5%; the trade deficit with South Korea was 25.3 billion USD, up 8.1%; the trade deficit with ASEAN was 7.3 billion USD, up 6.4%.
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