In the period, there are 31 commodities with export turnoverof over 1 billion USD, accounting for 92.4 percent of the total export value.Six commodities joined the 10-billion USD export club, with their combined export valueaccounting for 63 percent of the total.
The export turnover of the manufacturing and processingsector, fuel and minerals, and agricultural and forestry products are estimatedat 238.8 billion USD, 3.03 billion USD, and 19.2 billion USD, up 17.3 percent,16.6 percent and 15.1 percent year-on-year, respectively. Meanwhile, a slightdecrease of 0.8 percent is seen in the export turnover of aquatic products, which raked in 6.89 billion USD.
During January-October, the US was Vietnam's largest exportmarket with a turnover of 76 billion USD, up 21.9 percent over the same periodlast year. It was followed by China with 44.2 billion USD (up 16.8 percent), theEU with 31.7 billion USD (up 8.9 percent) and the ASEAN market with 23 billionUSD (up 21.3 percent).
The GSO also reported that Vietnam spent 26.2 billion USD on imports in October, down 1.7 percent month-on-month andup 8.1 percent year-on-year.
The figure brought the country's total import value in the first tenmonths of 2021 to 269.38 billion USD, up 28.2 percent year-on-year.
China was Vietnam’s biggest import market, with 89.4 billionUSD, up 36.4 percent year-on-year. It was followed by the Republic of Korea with45.5 billion USD (up 21.4 percent), the ASEAN market with 33 billion USD (up34.8 percent), and Japan with 18 billion USD (up 9 percent).
In October, Vietnam enjoyed a trade surplus of 1.1 billionUSD. However, in the first ten months of 2021, the country posted a tradedeficit of 1.45 billion USD, in which the domestic economic sector recorded atrade deficit of 22.73 billion USD./.
VNA