Vietnam's import-export turnover up 24 percent in nine months

Vietnam’s trade turnover in the first nine months of this year reached 483.17 billion USD, a year-on-year increase of 24.4 percent (Photo: VNA)

Hanoi (VNA) – Vietnam’s trade turnover in the first nine months of this year reached 483.17 billion USD, a year-on-year increase of 24.4 percent, according to the General Statistics Office.

In September alone, the import-export turnover attained 53.5 billion USD, down 2 percent compared to the previous month but up 4.2 percent against the same period last year.

Vietnam shipped 240.52 billion USD worth of goods abroad in the first nine months of 2021, up 18.8 percent year-on-year. The domestic sector contributed 62.72 billion USD and the FDI sector (including crude oil) 177.8 billion USD, increasing 8.5 and 22.8 percent annually, respectively.

During the period, 31 products recorded an export value of over 1 billion USD each and together they accounted for 92.5 percent of the nation’s total export.

The export of the group of processed industrial products reeled in 214 billion USD, an increase of 19.5 percent from the same period last year. It was followed by agricultural and forestry products with 17.7 billion USD (up 17.6 percent) and aquatic products 6.17 billion USD (up 2.4 percent).

The US remained the biggest export market of Vietnam, spending 69.8 billion USD on imports of Vietnamese products, a year-on-year rise of 27.6 percent. China came second with 38.5 billion USD, up 18.3 percent. The EU and ASEAN followed with 28.8 billion USD and 20.6 billion USD, increasing by 11.6 percent and 21.2 percent, respectively.

The import turnover in the nine-month period reached 242.65 billion USD, a hike of 30.5 percent compared to the same period last year. Of which, domestic businesses imported 83.72 billion USD worth of goods, up 25 percent, while FDI enterprises made up the majority with 158.93 billion USD, an increase of 33.6 percent./.