Trade turnover in October continues to see positive signs
Vietnam’s trade turnover in October reached US$61.62 billion, up 4.1% month on month and up 5.6% year on year, according to the latest data from the General Statistics Office.
Businesses raked in US$32.31 billion from exports, up 5.3% month on month, and spent US$29.31 billion on imports, up 2.9% month on month, resulting in a trade surplus of US$3 billion.
Statistics indicate that the 10-month import-export value hit US$557.95 billion, down 9.6% year on year. Businesses earned US$291.28 billion from exports, down 7.1%, and purchased US$266.67 billion worth of goods, down 12.3%, resulting in a trade surplus of US$24.61 billion.
Most notably, the domestic economic sector saw a trade deficit of US$17.99 billion and the foreign-invested sector posted a trade surplus of US$42.6 billion.
The United States remained the nation’s largest export market with turnover reaching US$78.6 billion, while China made up the biggest consumer of Vietnamese goods with turnover being recorded at US$89.8 billion.