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| In the ten months, the most imported goods were machinery, spare parts and equipment. (Photo: sggp.org.vn) |
According to the ministry, Vietnam’s goods import turnover in October 2024 reached 33.6 billion USD, up 5.8% over the previous month or up 13.6% over the same period last year, mainly due to an 18.6% increase in the domestic economic sector and a rise of 10.7% in the foreign-invested sector.
In the first ten months of 2024, the total import value reached 312.28 billion USD, recording a growth rate of 16.8% over the same period last year.
Notably, among the imported goods, 42 items bagged turnover of over 1 billion USD each, accounting for 92.1% of the total, with 4 items exceeding 10 billion USD each, accounting for 48.3%.
The assessment of the Ministry of Industry and Trade showed that thanks to the recovery of production and export, the structure of imported goods in the ten months has changed, with 89% of the total being goods serving domestic production.
Specifically, import turnover of computers, electronic products and components reached 88.25 billion USD, up 23.7%; and machinery, equipment, tools and spare parts posted 39.7 billion USD, up 17%. Items such as steel, rubber, textile and footwear materials also rose sharply, with increases of 23.2%, 30.1% and 19.3%, respectively.
China is Vietnam’s largest import market in the past ten months, with import turnover reaching 117.7 billion USD, up 31.6% over the same period last year and accounting for nearly 38% of the total.
The ministry also reported that Vietnam’s exports in October 2024 were valued at 35.59 billion USD, while trade balance of goods this month continued to enjoy a surplus of 1.99 billion USD, bringing the country’s total trade surplus in the ten months to 23.31 billion USD./.