Vietnam’s trade surplus surges to record high 26 bln USD
Vietnam continued its streak of trade surpluses in 2023, making it eight consecutive years, with an estimated 26 billion USD, or nearly triple the figure in 2022 and a new record.
With the import-export value from January to mid-October reaching roughly 523 billion USD, Vietnam racked up a balance of trade surplus of over 22 billion USD.
Vietnam’s trade surplus hit a record 24.61 billion USD in the first 10 months of this year, 2.6-fold higher than the surplus of 9.56 billion USD posted in the same period of 2022.
In the first 11 months of 2023, seven commodities of Vietnam posted export value of over 10 billion USD, accounting for over 60% of the country's total export turnover.
Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach 5 billion USD.
Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, according to the Vietnam Textile and Apparel Association.
Vietnam’s fruit and vegetable export turnover hit a new record in reaching nearly 5.6 billion USD in 2023, exceeding the plan by 40% and increasing nearly 66% over the same period of 2022. It also leads the agriculture product group, surpassing key crops such as rice, cashew nuts, coffee, and cassava.