Trade surplus during the first ten months of the year

Trade surplus during the first ten months of the year

For the first ten months of the year, the country posted a trade surplus estimated at 9.4 billion USD, the General Statistics Office (GSO) announced on 29th October.

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At a chicken export processing plant in Long An (South).
Photo: VNA/CVN

In October, domestic exports brought in about 30.27 billion USD, up 4.5 percent year on year. From January to October, the total amount is estimated at 312.82 billion USD (+15.9%). In 10 months, 32 products had an export turnover of more than 1 billion USD, including six with more than 10 billion USD.

Imports reached 28 billion USD in October, an increase of 7.1% compared to the same period last year. For the first 10 months, they amounted to approximately 303.42 billion USD (+12.2%). In 10 months, 44 products had an import turnover of more than 1 billion dollars, including four with more than 10 billion USD.

In terms of opportunities, the United States has been the largest export market over the past 10 months, with USD 93.4 billion. China was Vietnam’s largest commodity supplier, with 100.7 billion USD.

According to the Ministry of Agriculture and Rural Development, in the first ten months of the year, exports of agricultural, forestry and aquatic products brought in more than 44.9 billion USD (+14.1%) , and imports, 37.2 billion USD (+5.8%). The sector thus posted a trade surplus of 7.7 billion USD (+83.7%).

VNA/CVN

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