Import and export approaching 600 billion USD mark, record trade surplus

According to the General Department of Customs, in the first half of November, the country's import-export turnover reached nearly 30 billion USD.

Of which, the country's export turnover reached 14.65 billion USD. There were 4 export groups with turnover of 1 billion USD or more in the first half of this month, including: Computers, electronic products and components reached 2.42 billion USD; phones and components reached 2.1 billion USD; machinery, equipment, tools and spare parts reached 1.83 billion USD; textiles and garments reached 1.29 billion USD...

Xuất nhập khẩu gần tiến sát mốc 600 tỷ USD, xuất siêu kỷ lục

Import and export of goods gradually improved in the last months of the year.

In total, from the beginning of the year to November 15, the country's export turnover reached more than 306 billion USD.

On the other hand, in the first half of November, import turnover reached 14.77 billion USD. There were 2 groups of goods reaching a "billion dollar" turnover: Computers, electronic products and components reached nearly 4.3 billion USD; machinery, equipment, tools and spare parts reached 1.84 billion USD.

Accumulated from the beginning of the year to November 15, the country's import turnover reached 281.62 billion USD.

Thus, from the beginning of the year to November 15, the total import-export turnover of the whole country reached 587.62 billion USD.

In the first half of November, trade turnover had a deficit of more than 100 million USD, but from the beginning of the year to November 15, our country still had a trade surplus of 24.38 billion USD.

According to the Ministry of Industry and Trade , one of the positive points in import-export activities in recent times is that the import turnover of raw materials for export production continues to increase. In particular, the group of raw materials for production still accounts for a large proportion of the total import turnover of goods nationwide. Imported goods focus on items such as: Computers, electronic products and components; machinery, equipment, tools, spare parts; fabrics of all kinds; steel of all kinds; gasoline of all kinds...

The Ministry of Industry and Trade also noted that currently, green transformation and sustainable development are inevitable trends for Vietnamese enterprises because major export markets, including the EU, always have high and strict requirements on environmental standards.

Therefore, for Vietnamese export enterprises, in addition to paying attention to export growth rate, transforming production structure, and investing in infrastructure, not only requires large financial and human resources, but also requires experience and skills to successfully apply and comply with international regulations and standards. From there, maintaining sustainable export growth.

Regarding the prospect of import and export of goods from now until the end of the year, statistics from the General Department of Customs show that from July until now, goods export has reached more than 30 billion USD/month and in the last 4 months, the total turnover has reached 125.76 billion USD, equivalent to an average of 31.44 billion USD/month.

The average figure achieved in the last 4 months is much higher than the average of 27.61 billion USD/month in the first 6 months of 2023.

Not only helping to shorten the decline compared to the same period last year, recent positive signals help us expect export activities in 2023 to reach the target of more than 350 billion USD.

Although the above result is not equal to the record of more than 371 billion USD in 2022, it is very remarkable in the context that during the first months of 2023, the country's import-export activities faced many challenges and declined sharply.

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