According to the General Statistics Office (GSO), the export turnover of goods in December is estimated at USD 29.6 billion, an increase of 2.2% over the previous month and a decrease of 14% over the same period last year. Import turnover of goods in December is estimated at USD 29.1 billion, an increase of 3% over the previous month and a decrease of 8% over the same period.

The trade balance of goods in December is estimated to have a trade surplus of USD 0.5 billion and a trade surplus of USD 11.2 billion for the whole year of 2022. In which, the domestic economic sector had a trade deficit of USD 30.7 billion; the foreign-invested sector (including crude oil) had a trade surplus of USD 41.9 billion.

In the fourth quarter, export turnover is estimated at USD 89.5 billion, a decrease of 7% compared to the third quarter and a decrease of 6% over the same period last year. Import turnover is estimated at USD 85 billion, a decrease of 6% compared to the third quarter and a decrease of 4% over the same period last year.

Accumulated over the entire year of 2022, the export turnover of goods is estimated at USD 371.8 billion, an increase of 11% compared to the previous year, in which the proportion of processed industrial products accounts for 89%. In which, the domestic economic sector reached USD 95.09 billion, an increase of 6.5%, accounting for 25.6% of total export turnover; the foreign-invested sector (including crude oil) reached USD 276.76 billion, an increase of 12.1%, accounting for 74.4%.

In 2022, there are 36 items with export turnover of over USD 1 billion, accounting for 94% of total export turnover (there are 8 export items with over USD 10 billion, accounting for 70.1%).

Import turnover of goods for the whole year is estimated at USD 360.6 billion, an increase of 8% compared to the previous year, the group accounting for the highest proportion is the group of production materials accounting for 93.5%, equal to the previous year. In which, the domestic economic sector reached USD 125.79 billion, an increase of 10%; the foreign-invested sector reached USD 234.86 billion, an increase of 7.5%.

Regarding the export and import market of goods in 2022, according to the General Statistics Office, the US is Vietnam's largest export market with an estimated turnover of USD 109.1 billion. China is Vietnam's largest import market with an estimated turnover of USD 119.3 billion.

In 2022, the trade surplus to the EU is estimated at USD 31.8 billion, an increase of 36.8% over the previous year; trade surplus to Japan of USD 836 million (last year's trade deficit was USD 2.7 billion); trade deficit from China of USD 60.9 billion, an increase of 11.5%; trade deficit from Korea Republic of USD 38.3 billion, an increase of 11.5%; trade deficit from ASEAN of USD 13.6 billion, an increase of 10.6%.

Kylie Nguyen