Vietnam enjoys trade surplus of 225 million USD

Tuesday, 30/11/2021 14:25
In Jan-Nov 2021, the country saw 34 commodities earning export turnover of more than 1 billion USD each, accounting for 93.5% of the total export turnover, according to the General Statistics Office (GSO).

Photo for illustration. (Source: tienphong.vn)

Of these, 7 export commodities earned turnover of more than 10 billion USD each, accounting for 66.4% of the total export turnover.

The United States is Vietnam’s largest export market with a turnover of 84.8 billion USD, of which textiles and garments account for a large proportion. It is followed by China with 50.5 billion USD, up 16.8%; the EU, 35.7 billion USD, up 11.9%; the ASEAN market, 25.9 billion USD, up 23.3%; the Republic of Korea, 20 billion USD, up 14.6%; and Japan, 18 billion USD, up 3%.

In November, export turnover reached 29.9 billion USD, up 3.6% from the previous month and up 18.5% compared to the same period last year. In the 11 months of 2021, the country earned 299.67 billion USD, up 17.5% year on year.

Specifically, the domestic economic sector gained 78.99 billion USD, up 11.1%, accounting for 26.4% of the total export turnover; the foreign-invested sector (including crude oil) earned 220.68 billion, up 20%, accounting for 73.6%.

Export turnover of fuel and mineral products was estimated at 3.57 billion USD, up 27.8% year on year, followed by processed industrial products with 266.75 billion USD, up 18%; agricultural and forestry products, 21.4 billion USD, up 15.4%; and seafood products, 7.95 billion USD, up 3.5%.

Conversely, import turnover of goods reached 29.8 billion USD in November, up 14% from the previous month and up 20.8% compared to the same period last year.

In the first 11 months of 2021, the import turnover was estimated at 299.45 billion USD, up 27.5% year on year. In which, the domestic economic sector gained 103.31 billion USD, up 23.3%, and the FDI sector earned 196.14 billion USD, up 29.9%.

In the 11 months, 43 imported items fetched more than 1 billion USD value each, accounting for 92.7% of the total import turnover.

Thus, during the period, the trade balance of goods had a trade surplus of 225 million USD./.

BTA

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