Official import-export exceeds 600 billion USD mark, trade surplus 21.24 billion USD

According to the latest data from the General Department of Customs, in the first half of October (October 1-15), import-export activities continued to improve while maintaining a large turnover scale.

Specifically, total export turnover reached 16.15 billion USD. Of which, 4 groups of goods reached billion-dollar turnover including: Computers, electronic products and components; phones and components; machinery, tools, spare parts; textiles.

In addition, many product groups reached hundreds of millions of USD such as footwear; seafood; vegetables; means of transport and spare parts; iron and steel...

From the beginning of the year to October 15, the country's total export turnover reached 315.9 billion USD.

In contrast, imports in the first half of October reached 15.78 billion USD. Accumulated to October 15, total import turnover reached 294.66 billion USD.

Thus, as of October 15, the country's import-export turnover reached 610.56 billion USD.

Trade balance surplus of 21.24 billion USD.

Textiles and garments are one of the main export items (Photo: Can Dung)

To achieve this result, in an interview with the reporter of the Industry and Trade Newspaper, Ms. Nguyen Cam Trang - Deputy Director of the Import and Export Department - Ministry of Industry and Trade said that currently, the proportion of processed and manufactured industrial goods accounts for about 87-88% of total export turnover. The mineral and agricultural products group only accounts for about 12%. This is the basis for import and export turnover to have room to increase.

“The structure of goods is increasingly diverse in types, the scale of exported goods is increasing. At the same time, we have also developed a number of new items such as tools, spare parts, toys. Or with vegetables and fruits, we see the prominence of durian. With the forecast of increasing room, this is considered a bright spot and will still be the main export products in the coming time,” Ms. Nguyen Cam Trang clearly stated.

Mr. Vu Ba Phu - Director of the Trade Promotion Agency - Ministry of Industry and Trade added that the above results are thanks to the flexible and innovative trade promotion activities in recent times, combining traditional and modern trade promotion, associated with e-commerce and digital economy. Since the beginning of 2024, ministries, branches, localities and enterprises have increased trade promotion, exploiting Free Trade Agreements (FTAs) to diversify markets, supply chains and boost exports.

However, in addition to the positive results mentioned above, overseas trade counselors and business representatives also shared challenges and concerns, as many key markets such as the United States and the EU have sharply increased trade defense measures.

Therefore, in the coming time, to increase the efficiency of import and export, the Ministry of Industry and Trade determines to continue to support enterprises to focus on effectively exploiting the Free Trade Agreements (FTAs) that have come into effect and signed, implementing new Agreements to expand and diversify markets, import and export products, and supply chains. Strengthening the exploitation of neighboring markets with potential, strongly shifting to official exports associated with brand building, promoting sustainable exports.

In addition, the Ministry of Industry and Trade will continue to innovate and improve the effectiveness of trade promotion activities, accelerate the completion of the legal system to strengthen the trade defense regime towards protecting the economy, enterprises, and domestic markets in accordance with international commitments. Continue to improve the effective use of trade defense tools to protect domestic production and effectively support Vietnam's export industries in responding to foreign trade defense cases.

Source: https://congthuong.vn/xuat-nhap-khau-chinh-thuc-vuot-moc-600-ty-usd-xuat-sieu-2124-ty-usd-353236.html