Import and export value reached nearly 700 billion USD, trade surplus reached 10.68 billion USD
08:37 31/12/2022
The total import-export value of the whole country after 11 months of 2022 reached 673.7 billion USD. In which, exports reached 342.19 billion USD, imports reached $331.51 billion. With this result, the trade balance would have a surplus of 10.68 billion USD, far exceeding the figure of 4 billion USD for the whole year of 2021… Vietnam's import and export of goods has made strong progress in terms of scale and speed.

According to preliminary statistics announced by the General Department of Customs on the afternoon of December 14, 2022, the import and export value of Vietnam's goods in the second period of November of 2022 (from November 16 to November 30, 2022) reached 28.68 billion USD, an increase of 1% (equivalent to 278 million USD) compared to the implementation results in the first half of November 2022.

The results achieved in the second half of November 2022 have brought the total import and export value of the country in the 11 months from the beginning of 2022 to 673.7 billion USD, up 11.8% (corresponding to an increase of 70.92 billion USD) over the same period in 2021.

In which, the total import-export value of foreign direct investment (FDI) enterprises reached 468.7 billion USD, up 12.1% (equivalent to 50.76 billion USD); the import-export value of domestic enterprises was 205 billion USD, up 10.9% (equivalent to 20.16 billion USD) over the same period last year.

In the 2nd period of November 2022, the trade balance of goods had a surplus of 1.96 billion USD. In the first 11 months of 2022, the trade balance had a surplus of 10.68 billion USD.

Specifically, in terms of exports, in the 2nd period of November 2022, it reached 15.32 billion USD, up 12.4% (equivalent to 1.69 billion USD in absolute number) compared to the 1st period of November 2022.

Some commodity groups had high export value, including: computers, electronic products and components, increased by 725 million USD (equivalent to 43.4%); machinery, equipment, tools and spare parts increased by 245 million USD (equivalent to 13.8%); iron and steel of all kinds increased by 157 million USD (equivalent to 100% increase)...

Thus, from the beginning of the year to the end of November 2022, the total export value of Vietnam reached 342.19 billion USD, up 13.4%, equivalent to an increase of 40.5 billion USD over the same period in 2021.

Statistics of the General Department of Customs also showed that the export value of goods of foreign direct investment (FDI) enterprises in the 2nd period of November 2022 reached 11.34 billion USD, up 12.7%, equivalent to an increase of 1.28 billion USD compared to the first period of this month, thereby bringing the total export value of goods from the beginning of the year to the end of November 2022 of this group of enterprises to 252.64 billion USD, increased by 14.5% (equivalent to 32.03 billion USD) over the same period last year, accounting for 73.8% of the total export value of the country.

From the opposite direction, the price of Vietnam's imported goods in the 2nd period of November, 2022 reached 13.36 billion USD, down 9.6% (equivalent to a decrease of 1.4 billion USD in absolute terms) compared to the implementation result in the 1st period of November 2022.

Some commodity groups with reduced import value were crude oil, which decreased by 374 million USD (equivalent to a decrease of 61%); iron and steel of all kinds decreased by 186 million USD (equivalent to 37.7%); all kinds of phones and components decreased by 183 million USD (equivalent to a decrease of 17.3%)...

Thus, from the beginning of the year to the end of November 2022, the total import value of the country reached 331.51 billion USD, up 10.1% (equivalent to 30.42 billion USD) over the same period last year 2021.

In the 2nd period of November 2022, the import value of goods by FDI enterprises reached 8.62 billion USD, down 8.9% (equivalent to 840 million USD) compared to the 1st period of November 2022. In the first 11 months of 2022, the total import value of the group of FDI enterprises reached 216.06 billion USD, up 9.5% (equivalent to 18.73 billion USD) over the same period last year, accounting for 65.2% of the total import value of the country.

Over the years, Vietnam's import and export of goods has made strong progress in terms of scale and speed.

In 2007, after Vietnam became an official member of the WTO, the total import-export value of the country reached 100 billion USD.

In 2011, the total import-export value reached 200 billion USD. By 2015, this figure increased to 327.76 billion USD. Only 2 years later, in 2017, the milestone of 425.12 billion USD was set. In 2019, a new record appeared with the figure of 517.26 billion USD. By 2021, the milestone of 668.54 billion USD was set.

By the end of November 2022, the total import-export value of the country has reached 673.7 billion USD. It is forecasted that by the end of 2022, it will reach a record $ 700 billion.

In 2021, the WTO has recorded Vietnam's exports ranked 23rd in the world and Vietnam's imports ranked 20th in the world. With impressive results in 2022, Vietnam's export and import of goods can be higher ranked on a global scale./.

Translated by Nguyen Mai Huong
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