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Asia is Vietnam's largest import and export market

25/12/2022

According to the General Department of Customs, in the first 11 months of the year, Vietnam's goods trade with Asia reached USD 437.8 billion, an increase of 12% over the same period in 2021, continuing to account for the highest proportion with 65% in the total import and export value of the country.

According to data from the General Department of Customs, the total import-export value of the whole country in November reached nearly USD 57.3 billion, decreased by 2% compared to October.

In the first 11 months of 2022, the total import-export value of Vietnam's goods reached USD 673.7 billion, an increase of 12% over the same period in 2021. Trade balance in the first 11 months of the year had a surplus of USD 10.6 billion.

According to the General Department of Customs, in the first 11 months of the year, Vietnam's goods trade with Asia reached USD 437.8 billion, an increase of 12% over the same period in 2021, continuing to account for the highest proportion with 65% of the total import and export value of the country.

In addition, the import-export turnover between Vietnam and other continents is as follows: the Americas of about USD 142.3 billion, an increase of 14%; Europe of USD 69.5 billion, an increase of 5%; Oceania of USD 16.5 billion, an increase of 29% and Africa of USD 7.56 billion, a decrease of 2% compared to 11 months of 2021.

In the first 11 months of the year, export turnover of goods of about USD 342.2 billion, an increase of 13% over the same period last year.

In which, the export of other machinery, equipment, tools and spare parts reached USD 54.9 billion, an increase of 6% over the same period in 2021; footwear of all kinds of USD 22 billion, an increase of 39%; textiles and garments of USD 34.6 billion, an increase of 19%. In addition, the export of main agricultural products such as timber and wood products reached USD 14.7 billion, an increase of 10% over the same period last year; seafood reached USD 10.2 billion, an increase of 27%.

In the opposite direction, the import value of goods in the first 11 months of the year at USD 331.5 billion, an increase of 10% over the same period in 2021.

In which, the group of goods with the highest import value, including computers, electronic products and components, reached USD 76 billion, an increase of 11.5% over the same period last year; gasoline reached nearly USD 8.2 billion, 2.2 times higher; raw materials for textiles and garments, leather and footwear reached USD 26 billion, an increase of 9%; phones and components reached USD 19.7 billion, an increase of 3%.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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