[NEWS] – Export turnover of goods in October exceeded 30 billion USD

Merchandise export turnover in October 2022 was estimated at 30.27 billion USD, up 1.5% over the previous month and up 4.5% over the same period last year.

Accordingly, the export turnover of goods in October 2022 was estimated at 30.27 billion USD, up 1.5% over the previous month and up 4.5% over the same period last year. Generally, in the first 10 months of 2022, the export turnover of goods was estimated at US$312.82 billion, up 15.9% over the same period last year.

Regarding the structure of export commodity groups in the first 10 months of 2022, the group of processed industrial products accounted for 89.1%.

Meanwhile, the import turnover of goods in October 2022 was estimated at 28 billion USD, down 1.4% over the previous month and up 7.1% over the same period last year. In the 10 months of 2022, the import turnover of goods is estimated at 303.42 billion USD, up 12.2% over the same period last year.

Regarding the structure of the group of imported goods in the first 10 months of 2022, the group of capital goods accounted for 93.7%.

Regarding the export and import markets of goods in the first 10 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 93.4 billion USD. China is Vietnam’s largest import market with an estimated turnover of 100.7 billion USD.

The balance of trade in goods in October was estimated to have a trade surplus of 2.27 billion USD. In the first 10 months of 2022, the trade balance of goods is estimated to have a trade surplus of 9.4 billion USD (in the same period last year, the trade deficit was 0.63 billion USD).

In addition to the development of the import-export industry in 2022 and the future, Indochina Holdings would like to introduce trade promotion services. With a team of experienced consultants, we are ready to act as a bridge, answer difficulties, and correct shortcomings that businesses face. Typically, Indochina Holdings has supported and successfully connected Ngon Nhat Rice Company to successfully export ST25 rice to the US market, which is one of our achievements in trade promotion services.

Thanh Long