According to the Ministry of Finance, from the beginning of the year to October 15, the country's total export turnover reached 315.9 billion USD. In contrast, imports in the first half of October reached 15.78 billion USD.
Accumulated to October 15, total import turnover reached 294.66 billion USD. Thus, up to October 15, the scale of import and export turnover of the whole country reached 610.56 billion USD. The trade balance surplus was 21.24 billion USD.
To achieve this result, Ms. Nguyen Cam Trang - Deputy Director of the Import-Export Department - Ministry of Industry and Trade said that currently, the proportion of processed and manufactured industrial goods accounts for about 87-88% of total export turnover. The mineral and agricultural products group only accounts for about 12%. This is the basis for import-export turnover to have room to increase.
"The structure of goods is increasingly diverse in types, the scale of exported goods is increasing; at the same time, we have also developed a number of new products such as tools, spare parts, toys. Or with vegetables and fruits, we see the prominence of durian.
With the forecast of still increasing, this is considered a bright spot and will still be the main export industries in the coming time," said Ms. Nguyen Cam Trang.
Mr. Vu Ba Phu - Director of the Trade Promotion Agency - Ministry of Industry and Trade said that the above results are thanks to the flexible and innovative trade promotion activities in recent times, combining traditional and modern trade promotion, associated with e-commerce and digital economy.
Since the beginning of 2024, ministries, branches, localities and enterprises have increased trade promotion, exploiting Free Trade Agreements (FTAs) to diversify markets, supply chains and boost exports.
However, in addition to the positive results mentioned above, overseas trade counselors and business representatives also shared challenges and concerns, as many key markets such as the United States and the EU have sharply increased trade defense measures.
Therefore, in the coming time, to increase the efficiency of import and export, the Ministry of Industry and Trade determines to continue supporting businesses to focus on effectively exploiting the Free Trade Agreements (FTAs) that have come into effect and been signed, and implementing new agreements to expand and diversify markets, import and export products, and supply chains.
Strengthen exploitation of neighboring markets with potential, strongly shift to official export associated with brand building, promote sustainable export.
