According to the General Statistics Office, in November, the total preliminary import-export turnover of goods reached 66.4 billion USD, down 4% compared to the previous month and up 9% compared to the same period last year.
In the first 11 months, the total preliminary import and export turnover of goods reached 715.55 billion USD, up 15% over the same period last year. Of which, exports increased by 14%; imports increased by 16%. The trade balance of goods had a surplus of 24.31 billion USD.
Export turnover of goods in 11 months reached 369.93 billion USD, up 14.4% over the same period last year. Of which, the domestic economic sector reached 103.88 billion USD, up 20% and accounting for 28% of total export turnover. The foreign-invested sector (including crude oil) reached 266.05 billion USD, up 12%. In 11 months, there were 36 items with export turnover of over 1 billion USD, accounting for 94% of total export turnover.
In terms of export value of over 10 billion USD, the market recorded 7 items. Leading the way were electronics, computers and components, bringing in 65.2 billion USD, up 26% over the same period last year. Phones and components brought in 50.2 billion USD, up 3%. Other machinery, equipment, tools and spare parts reached 47.8 billion USD, up 22%.
In addition, the textile and garment industry achieved an export value of 33.7 billion USD, up 11%; footwear reached 20.8 billion USD, up 13%; wood and wood products reached 14.7 billion USD, up 21% and means of transport and spare parts brought in 13.8 billion USD, up 6%.
Overall, the processed industrial products group brought in 325.52 billion USD, accounting for 88% of total export turnover. Meanwhile, the agricultural and forestry products group reached 31.35 billion USD, accounting for 8.4%; the aquatic products group reached 9.17 billion USD and the fuel and mineral products group reached 3.89 billion USD.
Assessing the positive proportion of exports, Dr. Le Duy Binh - Director of Economica Vietnam, stated that Vietnam's exports from the beginning of the year until now continue to be a bright spot in the overall economic picture of Vietnam. This shows that the resilience of the Vietnamese economy has increased and the flexibility and adaptability of Vietnamese enterprises have also improved.
Recently, a report by UOB Vietnam Bank (the 5th bank of UOB Group in Asia) forecasts that Vietnam's exports this year will increase by 18%, the highest since 2021.
Similarly, the World Trade Organization (WTO) report also shows that Vietnam's total export turnover in 2023 will reach 354 billion USD, accounting for 1.5% of the world, Vietnam is in the Top 30 largest exporting economies in the world. In terms of imports, among the 30 largest importing economies in the world, Vietnam ranks 22nd with 326 billion USD, accounting for 1.3% of the global import share.
