The country posted a trade surplus of 19.56 billion USD, compared with 23.18 billion USD in the same period last year. The domestic sector reported a trade deficit of 22.83 billion USD, while the foreign-invested sector (including crude oil) maintained a surplus of 42.39 billion USD.
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Vietnam records 19.56 billion USD trade surplus in first ten months. (Photo for illustration) |
In October alone, exports were estimated at 42.05 billion USD, down 1.5% from September but up 17.5% year-on-year. Cumulatively, exports during the January - October period hit 391 billion USD, a 16.2% increase year-on-year. Of this, the domestic sector contributed 94.17 billion USD (24.1% of the total), while the foreign-invested one (including crude oil) reached 296.83 billion USD (75.9%), up 22.5%.
NSO data showed that 36 commodities recorded an export turnover exceeding 1 billion USD, accounting for 94.1% of total overseas shipments. Seven of these surpassed 10 billion USD each, making up 67.9%.
By category, processed and manufactured goods dominated with 346.73 billion USD (88.7%), followed by agricultural and forestry products with 32.62 billion USD (8.3%), aquatic products with 9.33 billion USD (2.4%), and fuels and minerals with 2.32 billion USD (0.6%).
On the import side, turnover in October was estimated at 39.45 billion USD, down 1% from the previous month but up 16.8% compared to a year earlier. Total imports for the first ten months amounted to 371.44 billion USD, an 18.6% year-on-year rise. The domestic sector made up 117 billion USD, up 2.8%, while the foreign-invested sector reached 254.44 billion USD, up 27.6%.
China remained the largest supplier of goods for Vietnam with a total value of 150.9 billion USD. Forty-seven imported items were worth over 1 billion USD each, representing 93.9% of total import turnover, including four items exceeding 10 billion USD each (52.7%).
Regarding import structure, capital goods were valued at 348.23 billion USD, accounting for 93.8% of the total, with machinery, equipment, tools and spare parts making up 52.6%, and raw materials and fuels 41.2%. Consumer goods were worth 23.21 billion USD, equivalent to 6.2% of total imports, the NSO noted.
Source: VNA