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| Photo for illustration. (Source: baodautu.vn) |
Specifically, the trade balance of goods had a record surplus of 10.6 billion USD.
Faced with strong fluctuations in the global commodity market, orders decreased due to the impact of high inflation in many major markets, but the country's export activities in the 11 months of 2022 still recorded positive results.
According to GSO, commodity import and export turnover in November totaled 57.58 billion USD, down 1.2% compared to the previous month and down 7.8% from the same period last year, bringing the total value in the first 11 months to 673.8 billion USD, up 11.8% year-on-year.
In the period under review, the export revenue is estimated at 342.2 billion USD, up 13.4% year on year, and import at 331.6 billion USD, up 10.1%.
With these, Vietnam recorded a trade surplus of 10.6 billion USD in the January-November period.
Thirty-five commodities report an export turnover of more than 1 billion USD each, with eight surpassing the 10-billion-USD mark, accounting for 93.7% and 70.1% of the total, respectively.
Regarding the export and import markets of goods during the period, the United States is the largest export market of Vietnam with an estimated turnover of 101.5 billion USD. China is the country’s largest import market with an estimated turnover of 109.9 billion USD.
In the 11 months, trade surplus to the EU was estimated at 29.4 billion USD, up 42.4% over the same period last year. Trade deficit from China was 56.9 billion USD, up 14.1%, while that from the Republic of Korea was 35.7 billion USD, up 16.1%; from ASEAN, 12.2 billion USD, up 9.4%; and from Japan, 139 million USD./.