(13th Congress) - Although the COVID-19 pandemic is increasingly complicated in the world, Vietnam’s goods import and export activities continue to increase. Generally, in the Jan-Oct period of 2020, the country’s trade balance is estimated to enjoy an USD18.72 billion surplus.
Photo for illustration. (Source: VNA)
In the 10 months, Vietnam’s trade turnover is likely to reach USD439.82 billion, a slight increase of 2.6% year on year. Of this, exports were valued at USD229.27 billion, up 4.7%, and export turnover reached an estimated USD210.55 billion, up 0.4%.
In October alone, export value was estimated at USD26.7 billion, down 1.7% from the previous month but up 9.9% year on year, while imports were estimated to increase by 1.2% from the previous month and 10.1% year-on-year to USD24.5 billion.
During the 10-month period, 31 goods earned over USD1 billion each from exports, accounting for 91.8% of the total. Five brought home more than USD10 billion each, making up 59.9%.
Meanwhile, 34 items have import value of over USD1 billion, or 89.4% of total.
The US remained Vietnam's biggest export market, spending USD62.3 billion on Vietnamese goods, up 24% year-on-year, followed by China (USD37.6 billion, up 14%), and the EU (USD28.9 billion, down 3%).
Meanwhile, China continued to be Vietnam's largest supplier, selling USD65.8 billion worth of goods to Vietnam, up 6.2% year-on-year./.
BTA