During the January–August period, the country’s total trade value reached 597.93 billion USD, up 16.3% year on year. Exports rose 14.8% to 305.96 billion USD, while imports climbed 17.9% to 291.97 billion USD.
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Workers at Binh Dinh Fishery Joint Stock Company (BIDIFISCO) process ocean tuna for export to Japan, the U.S. and Europe. |
In August alone, export turnover hit 43.39 billion USD, an increase of 2.6% from July and 14.5% from the same period last year. Of the value, the foreign-invested sector, including crude oil, continued to dominate, with 34.22 billion USD, while the domestic sector contributed 9.16 billion USD.
For the eight-month period, the foreign-invested sector, including crude oil, brought in 229.27 billion USD, up 19.3% and representing nearly 75% of total exports. The domestic sector contributed 76.69 billion USD, up 3.2%.
Key drivers included manufactured and processed goods, which generated 271.06 billion USD, or almost 89% of total exports. Agricultural and forestry products earned 25.92 billion USD, while seafood brought in 7.15 billion USD. Fuel and mineral exports stood at 1.83 billion USD.
Notably, 29 export items surpassed the 1-billion-USD mark, accounting for over 92% of total export turnover. Of these, seven products, such as phones, electronics, and garments, each exceeded 10 billion USD.
Imports in August were estimated at 39.67 billion USD, down 0.8% from July.
In the eight months, 38 import items exceeded 1 billion USD in value, including two categories – computers/electronic products and machinery – each topping 10 billion USD.
Vietnam spent 273.91 billion USD on production materials, making up 94% of total imports. Machinery, equipment, tools, and spare parts accounted for 52.2%, while raw and intermediate materials represented 41.6%. Consumer goods imports reached 18.06 billion USD, or just over 6% of the total.
The U.S. remained Vietnam’s largest export market, with shipments valued at 99.1 billion USD. Meanwhile, China continued to be the biggest source of imports at 117.9 billion USD.
Vietnam posted a trade surplus of 87 billion USD with the U.S., up 26.8% year on year, and 25.6 billion USD with the EU, up 10%.
The country also recorded a 1.5-billion-USD surplus with Japan. On the other hand, it ran a trade deficit of 75.9 billion USD with China, 20.1 billion USD with the Republic of Korea, and 9.4 billion USD with ASEAN countries.
Source: VNA