VIET NAM’S FOREIGN TRADE EXCEEDS US$500 BLN

As of October 15, Viet Nam’s total export and import value hit US$523 billion, the General Department of Customs has reported.

In the first half of October, the nation earned US$14.2 billion from exporting, raising the total export value from the beginning of the year to October 15 to US$272.74 billion, a decrease of over US$24 billion in comparison with the same period last year.

Phone and components took the lead with US$41.47 billion throughout the reviewed period, followed by computers, electronic products and components, machinery, equipment, tools, spare parts, along with garments and textiles.

Notably, fruit and vegetables witnessed the most impressive growth among key Vietnamese export commodity groups. The country gained US$4.56 billion from fruit and vegetable exports, up 75.4 percent against the same period last year.

Meanwhile, from January 1-October 15, imports totaled US$250.2 billion, marking a decline of nearly US$40 billion year on year.

Viet Nam has enjoyed a trade surplus of US$22.54 billion so far this year.

Trade was Viet Nam's bright spot in 2022, hitting a record of around US$730.2 billion, including US$371.5 billion in export value.

Source: VCCI