Trade turnover increased by 15.4 bet88 com after 11 months

Preliminary import and export turnover in November this year reached .4 billion, decreasing by 4.1 bet88 com compared to October, but increasing by 9.0 bet88 com year-on-year, the General Statistics Office of Vietnam announced on December 6.

For the first 11 months of 2024, the turnover stood at 5.55 billion, up 15.4 bet88 com year-on-year. Export turnover increased by 14.4 bet88 com, while imports rose by 16.4 bet88 com.

In terms of export, the preliminary turnover in November 2024 reached .73 billion, decreasing by 5.3 bet88 com month-on-monh, but increasing by 8.2 bet88 com year-on-year. To the figure, the domestic sector contributed .85 billion, down 4.3 bet88 com month-on=month and up13.4 bet88 com year-on-year; while the foreign-invested sector (including crude oil) contributed .88 billion, down 5.7 bet88 com month-on-month, and up6.1 bet88 com year-on-year.

For the first 11 months of 2024, the preliminary export turnover stood at 9.93 billion, an increase of 14.4 bet88 com year-on-year. Of the figure, some 3.88 billion or28.1 bet88 com of the total belonged to the domestic sector, up 20.0 bet88 com; while 6.05 billion (71.9 bet88 com) to the foreign-invested sector (including crude oil), up 12.4 bet88 com.

During the 11-month period, 36 product categories achieved export turnover exceeding billion, accounting for 94.1 bet88 com of the total, with seven categories surpassing billion, representing 66.5 bet88 com.

In terms of export structure, fuels and minerals reached .89 billion in the period, accounting for 1.1 bet88 com of the total. The manufacturing and processing sector accounted for 5.52 billion, or 88.0 bet88 com. Agricultural and forestry products reached .35 billion (8.4 bet88 com), while seafood totaled .17 billion (2.5 bet88 com).

On the import side, preliminary turnover in November reached .67 billion, down 2.8 bet88 com month-on-month, but up 9.8 bet88 com year-on-year. To the figure, the domestic sector contributed .38 billion, down 2.4 bet88 com month-on-month and up 15.2 bet88 com year-on-year, while the foreign-invested sector contributed .29 billion, down 3 bet88 com month-on-month and up 6.8 bet88 com year-on-year.

Cumulatively in the 11 months, import turnover reached 5.62 billion, a year-on-year increase of 16.4 bet88 com. To the figure, the domestic sector contributed 6.05 billion, up 18.5 bet88 com, while the foreign-invested sector contributed 9.57 billion, up 15.2 bet88 com.

During the period, 44 import product groups reached values exceeding billion, accounting for 92.6 bet88 com of the total, with five categories surpassing billion, representing 51.4 bet88 com.

In terms of import structure, production materials accounted for 3.72 billion or 93.7 bet88 com, including 47.5 bet88 com for machinery, equipment, and tools, and 46.2 bet88 com for raw materials and fuels. Consumer goods accounted for .9 billion or 6.3 bet88 com.

Regarding key trade markets in the first 11 months of 2024, the US remained Vietnam's largest export market, with turnover reaching 8.9 billion. China was Vietnam's largest import market, with turnover reaching 0.2 billion.

In the period, Vietnam recorded a trade surplus of .4 billion with the US. (up 26.7 bet88 com year-on-year), .0 billion with the EU (up 21.1 bet88 com), and .6 billion with Japan (up 70.0 bet88 com). Conversely, Vietnam recorded a trade deficit of billion with China (up 67.7 bet88 com), .7 billion with South Korea (up 5.2 bet88 com), and .6 billion with ASEAN (up 13.3 bet88 com).

All in all, the preliminary trade balance recorded a surplus of .06 billion in November and .31 billion in the 11-month period (lower than the figure of .2 billion recorded in the same period last year). The domestic sector experienced a trade deficit of .17 billion, while the foreign-invested sector (including crude oil) recorded a surplus of .48 billion.