Data published by the General Statistics Office on the import and export situation of the whole country showed that in September 2022, the total import and export turnover of goods was estimated at 58.74 billion USD, down 11% compared to the previous month, but an increase of 8.4% over the same period last year.
Thus, in the first nine months of 2022, the total import and export turnover of goods reached USD 558.52 billion, up 15.1% over the same period last year, of which exports increased by 17.3%; imports increased by 13%; the balance of trade in goods in 9 months of 2022 is estimated at 6.52 billion USD.
Export
* September 2022
The export turnover of goods in September 2022 was estimated at 29.94 billion USD, down 14.3% from the previous month and up 10.3% over the same period last year.
* In the third quarter of 2022
The export turnover is estimated at 96.5 billion USD, up 17.2% over the same period last year and down 0.5% compared to the second quarter of 2022.
* Nine months of 2022
The value commodity export turnover was estimated at 282.52 billion USD, up 17.3% over the same period last year.
Regarding the group of exported goods in the first nine months of 2022, the group of processed industrial products accounted for 89%, up 17.2% over the same period last year.
Import
* September 2022
The import turnover was estimated at USD 28.8 billion, down 7.3% over the previous month and up 6.4% over the same period last year.
* In the third quarter of 2022
The import turnover is estimated at 90.7 billion USD, up 8.1% over the same period last year and down 7.1% compared to the second quarter of 2022.
* Nine months of 2022
The value goods import turnover was estimated at 276 billion USD, up 13% over the same period last year.
In terms of basic imports in the first nine months of 2022, capital goods accounted for 93.9%, up 0.1 percentage point over the same period last year.
Balance of trade
Regarding the export and import markets of goods in the first nine months of 2022 as below
* The United States is the largest export market of Vietnam with an estimated turnover of 86.3 billion USD.
* China is Vietnam's largest import market with an estimated turnover of 91.6 billion USD.
In the first nine months of 2022
* Trade surplus to the EU was estimated at US$24.3 billion, up 48.2% over the same period last year.
* Trade deficit from China was 51.5 billion USD, up 21.3%.
The balance of trade in goods in September was estimated to have a trade surplus of 1.14 billion USD. In the first 9 months of 2022, the trade balance of goods is estimated to have a trade surplus of 6.52 billion USD (the same period last year, the trade deficit is 3.44 billion USD).