Import-export is close to the 600 billion USD mark, a record trade surplus

Import-export is close to the 600 billion USD mark, a record trade surplus

As of mid-November, the import-export turnover of goods has nearly reached the 600 billion USD mark, with the trade surplus reaching a record level of nearly 25 billion USD.

According to the General Department of Customs, in the first half of November, the country’s import-export turnover reached nearly 30 billion USD.

Of which, the country’s export turnover reached 14.65 billion USD. There are 4 export product groups with a turnover of 1 billion USD or more in the first half of this month, including: Computers, electronic products and components reaching 2.42 billion USD; phones and components reached 2.1 billion USD; machinery, equipment, tools and spare parts reached 1.83 billion USD; Textile and garment reached 1.29 billion USD…

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Import and export of goods gradually improved in the last months of the year

Overall, from the beginning of the year to November 15, the country’s export turnover reached more than 306 billion USD.

In the opposite direction, in the first half of November, import turnover reached 14.77 billion USD. There are 2 product groups with “billion dollar” turnover: Computers, electronic products and components reaching nearly 4.3 billion USD; machinery, equipment, tools and spare parts reached 1.84 billion USD.

Accumulated from the beginning of the year to November 15, the country’s import turnover reached 281.62 billion USD.

Thus, from the beginning of the year to November 15, the country’s total import-export turnover reached 587.62 billion USD.

In the first half of November, the trade deficit was more than 100 million USD, but overall from the beginning of the year to November 15, our country still had a trade surplus of 24.38 billion USD.

According to the Ministry of Industry and Trade, one of the positive points in import-export activities recently is that the import turnover of raw materials for export production continues to increase. In particular, the group of raw materials for production still accounts for a large proportion of the country’s total import turnover. Imported goods focus on items such as: Computers, electronic products and components; machinery, equipment, tools, spare parts; fabrics of all kinds; steel of all kinds; petroleum of all kinds…

The Ministry of Industry and Trade also noted that currently, green transformation and sustainable development are inevitable trends for Vietnamese businesses because major export markets, including the EU, always have high and strict requirements on standards. environmental standards.

Therefore, for Vietnamese export enterprises, in addition to paying attention to export growth, transforming production structure, and investing in infrastructure, not only do they need large financial and human resources. but must have experience and skills to apply successfully, meeting international regulations and standards. From there, maintain sustainable export growth.

Regarding the prospect of import and export of goods from now until the end of the year, statistics from the General Department of Customs show that, from July until now, goods exports have reached more than 30 billion USD/month and in the last 4 months the total quota of 125.76 billion USD, equivalent to an average of 31.44 billion USD/month.

The average number achieved in the last 4 months is much higher than the average of 27.61 billion USD/month in the first 6 months of 2023.

Not only does it help shorten the decline compared to the same period last year, recent signs of improvement help us expect export activities in 2023 to reach more than 350 billion USD.

Although the above result is not equal to the record of more than 371 billion USD in 2022, it is very remarkable in the context that during the first months of 2023, the country’s import and export activities faced many challenges and a deep decline.

According to Industry and Trade Newspaper