VIETNAM HAS A TRADE SURPLUS OF 10.6 BILLION USD

According to the report of the General Statistics Office, in the past 11 months, the country's trade balance of goods was estimated to have a trade surplus of 10.6 billion USD (the same period last year, the trade surplus was 0.6 billion USD).

Specifically, the export turnover of goods in November 2022 was estimated at 29.18 billion USD, down 3.9% over the previous month and down 8.4% over the same period last year. In the first 11 months of 2022, export turnover of goods was estimated at 342.21 billion USD, up 13.4% over the same period last year.

Regarding the structure of export goods group in the first 11 months of 2022, the group of processed industrial products accounted for 89% (equal to the same period last year); fuel and mineral products accounted for 1.4%, up 0.2 percentage points over the same period last year; agricultural and forestry products accounted for 6.6%, down 0.5 percentage points; aquatic products accounted for 3%, increased by 0.3 percentage points.

In the first 11 months of 2022, there are 35 items with export turnover of over 1 billion USD, accounting for 93.7% of total export turnover (there are 08 export items with over 10 billion USD, accounting for 70.1%).

In the opposite direction, the import turnover of goods in November 2022 was estimated at USD 28.4 billion, up 1.8% over the previous month and down 7.3% over the same period last year. In the first 11 months of 2022, the import turnover of goods was estimated at $331.61 billion, up 10.1% over the same period last year.

Regarding the structure of imported goods in the first 11 months of 2022, the group of capital goods accounted for 93.6% (equivalent to the same period in 2021). In which, the group of machinery, equipment, tools and spare parts accounted for 44.7%, down 1.8 percentage points over the same period last year; raw materials, fuel and materials accounted for 48.9%, up 1.8 percentage points. The group of consumer products accounted for 6.4%, equal to the same period last year.

Regarding the export and import markets of goods in the first 11 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 101.5 billion USD. China is Vietnam's largest import market with an estimated turnover of 109.9 billion USD.

In the first 11 months of 2022, the trade balance of goods is estimated to have a trade surplus of  10.6 billion USD (the same period last year, a trade surplus of 0.6 billion USD).