According to the latest preliminary statistics just announced by the General Department of Customs, Vietnam’s import and export value of goods in the first period of November 2024 (from November 1 to November 15, 2024) reached 33.44 billion USD, down 9.7% (equivalent to a decrease of 3.58 billion USD) compared to the results realized in the second half of October 2024.

The results achieved in the first half of November 2024 have brought the total import and export value of the country by the end of November 15, 2024 to 681.48 billion USD, an increase of 15.7%, equivalent to an increase of 92.28 billion USD. in absolute terms compared to the same period in 2023.

Of which, the total import-export value of enterprises with foreign direct investment (FDI) reached 461.33 billion USD, an increase of 14% (equivalent to an increase of 56.74 billion USD).

Specifically, in terms of exports, in the first period of November 2024, it reached 16.73 billion USD, down 13.7% (equivalent to a decrease of 2.66 billion USD in absolute terms) compared to the second period of October 2024.

The export value of the first period of November 2024 decreased compared to the second period of October 2024 in the following product groups: machinery, equipment, tools and spare parts decreased by 577 million USD, equivalent to a decrease of 20%; Phones of all types and components decreased by 365 million USD, equivalent to a decrease of 14.4%; Computers, electronic products and components decreased by 261 million USD, equivalent to a decrease of 7.8%;…

Overall, from the beginning of the year to the end of November 15, 2024, Vietnam’s total export value reached 352.38 billion USD, an increase of 14.8%, equivalent to an increase of 45.54 billion USD compared to the same period in 2023.

In particular, some product groups increased such as: computers, electronic products and components increased by 12.79 billion USD, equivalent to an increase of 26.1%; machinery, equipment, tools and spare parts increased by 8.08 billion USD, equivalent to an increase of 21.7%; textiles and garments increased by 3.07 billion USD, equivalent to an increase of 10.6%; wood and wood products increased by 2.46 billion USD, equivalent to an increase of 21.4%; Phones of all types and components increased by 2.25 billion USD, equivalent to an increase of 4.8%… compared to the same period in 2023.

Statistics from the General Department of Customs also show that the export value of goods of FDI enterprises in the first period of November 2024 reached 12.04 billion USD, down 12.9%, equivalent to a decrease of 1.79 billion USD. USD compared to the second period of October 2024.

By the end of November 15, 2024, the total export value of goods of the group of FDI enterprises reached 252.17 billion USD, an increase of 13%, equivalent to an increase of 28.94 billion USD over the same period last year, accounting for 72% of the country’s total export value.

From the opposite direction, the value of Vietnam’s imported goods in the first period of November 2024 reached 16.7 billion USD, down 5.3% (corresponding to a decrease of 928 million USD in absolute terms) compared to the actual result. available in the second half of October 2024.

The value of imported goods in the first period of November 2024 decreased compared to the second period of October 2024, mainly in the following commodity groups: computers, electronic products and components decreased by 341 million USD, equivalent to a decrease of 6 .8%; Iron and steel of all kinds decreased by 217 million USD, equivalent to a decrease of 29%.

Overall, from the beginning of the year to the end of November 15, 2024, the country’s total import value reached 329.1 billion USD, an increase of 16.6% (equivalent to an increase of 46.74 billion USD) compared to the same period in 2023.

In particular, some product groups increased sharply such as: computers, electronic products & components increased by 17.21 billion USD, equivalent to an increase of 22.7%; machinery, equipment, tools and spare parts increased by 6.17 billion USD, equivalent to an increase of 17.2%; Iron and steel of all kinds increased by 2.01 billion USD, equivalent to an increase of 22.4%; Other base metals increased by 1.64 billion USD, equivalent to an increase of 1.64 billion USD; Phones of all types and components increased by 1.37 billion USD, equivalent to an increase of 18%… compared to the same period in 2023.

The value of imported goods of FDI enterprises in this period reached 10.43 billion USD, down 5.8% (equivalent to a decrease of 643 million USD) compared to the second period of October 2024. By the end of November 15, 2024, the total import value of the group of FDI enterprises reached 209.16 billion USD, an increase of 15.3% (equivalent to an increase of 27.79 billion USD) compared to the same period in 2023, accounting for 63.6% of the country’s total import value.

Thus, with the above results, in the first period of November 2024, the trade balance of goods will have a surplus of 31 million USD. From the beginning of the year to the end of November 15, 2024, the trade balance of goods had a surplus of 23.28 billion USD.

Source: VNECONOMY