Vietnam posts trade surplus of 9.4 billion USD in 10 months

Goods containers are loaded at a terminal of the Saigon Newport Corporation. (Photo: VNA)

Hanoi (VNA) – Vietnam posteda trade surplus of 9.4 billion USD in the first 10 months of 2022, compared to 630million USD in the same period last year, according the General StatisticsOffice (GSO).

In October, the country's total export and import value was estimated at 58.27 billion USD, up 0.1% month on month and 5.7% year onyear, the GSO said on October 29.

The 10-month foreign trade stood atabout 616.24 billion USD, up 14.1% from the same period last year.

That included 312.82 billion USD inexports, rising 15.9%, with 80.36 billion USD coming from the domestic sector (up13.4%) and 232.46 billion USD from the foreign invested sector (up 16.8%).

Thirty-two commodities recordedexport revenue of over 1 billion USD each during the period, accouting for92.8% of total overseas shipments. Among them, six brought home over 10 billionUSD each, making up 64.1%.

Meanwhile, Vietnam imported about303.42 billion USD worth of goods, increasing 12.2% year on year, with thedomestic sector accounting for 105.28 billion USD (up 12.5%) and the foreign invested sector, 198.14 billion USD (up 12%).

Workers process tra fish for export at the factory of the South Vina Co. Ltd. (Photo: VNA)

Forty-four commodities posted importvalue of over 1 billion USD each, accounting for 93% of the total imports. Four ofthem saw this figure at over 10 billion USD each, accounting for 52.7%,statistics showed.

Between January and October, the US was the largest importer, purchasing some 93.4 billion USD worth of Vietnamesegoods. China ranked first among exporters when shipping 100.7 billion USD worthof goods to Vietnam.

Meanwhile, agro-forestry-aquatic product exports and imports totalled 82.1 billion USD in the 10 months, rising 10.2% fromthe same period last year, said the Ministry of Agriculture and RuralDevelopment.

That consisted of more than 44.9billion USD in exports (up 14.1%) and 37.2 billion USD in imports (up 5.8%),resulting in a trade surplus of 7.7 billion USD (up 83.7%).

Since the year’s beginning, eightproducts/groups of products have generated over 2 billion USD in export revenueeach, namely coffee, rubber, rice, fruits and vegetables, cashew nuts, shrimp,tra fish, and wood products.

TheUS has bought more than 11.4 billion USD worth of agro-forestry-aquatic products from Vietnam, accounting for 25.4% of total exports and remaining the latter’sbiggest export market. It was followed by China (8.3 billion USD, 18.5%) andJapan (3.5 billion USD, 7.8%)./.

VNA