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.
Mr. Tran Thanh Hai - Deputy Director of the Ministry of Industry and Trade said that in the first 9 months of 2024, there were 30 items with export turnover of over 1 billion USD, accounting for 92.3% of total export turnover.
Notably, there are 7 groups of goods with export turnover of over 10 billion USD, including: machinery, equipment, tools, spare parts; phones and components; computers, electronic products and components; footwear; textiles; wood and wood products; means of transport and spare parts.
There are 11 commodity groups with export turnover of over 5 billion USD and 31 commodity groups with export turnover of over 1 billion USD.
According to the Vietnam Fruit and Vegetable Association (Vinafruit), Vietnam's fruit and vegetable exports continued to set a record in the past 9 months, surpassing the 5.6 billion USD mark, up nearly 34% over the same period last year. Fruit and vegetable exports in the first 9 months of 2024 were equal to the turnover of the whole year of 2023 and will increase sharply in the last quarter of this year. Many experts believe that fruit and vegetable exports are likely to surpass the 6 billion USD mark.
In the past 9 months, pepper exports also had many bright spots, reaching over 200,000 tons, worth more than 1 billion USD (while the whole year of 2023 only reached 912 million USD). Pepper export value increased by nearly 47% over the same period last year.
Mr. Vu Duc Giang - Chairman of the Vietnam Textile and Apparel Association forecasts that Vietnam's textile and garment import and export will continue to be positive in the coming months, because according to cyclical factors, demand for goods often increases sharply in the last months of the year. Key export markets are warming up and have grown again such as the US, South Korea, Japan, Canada... The export target of 44 billion USD of Vietnam's textile and garment in 2024 is feasible.
Associate Professor, Dr. Dinh Trong Thinh - former Head of the Faculty of International Finance, Academy of Finance, assessed: With the current order situation and looking at the acceleration of input material import, in the whole year of 2024, Vietnam is likely to reach the 800 billion USD import-export mark, far exceeding the record import-export of 732 billion USD in 2022.
According to Associate Professor Dr. Dinh Trong Thinh, based on Vietnam's import and export activities up to now, many positive results have been achieved. In particular, exports to major markets such as the United States, EU, Japan, and South Korea have all had high growth.
At the end of the year, businesses are also determined to boost export growth, taking full advantage of market opportunities, especially new-generation free trade agreements. On the other hand, the demand of import markets at the end of the year with many major festivals is still increasing and this is beneficial for export growth in the remaining quarter, especially for the garment, footwear, electronics, and agriculture, forestry and fishery industries.
