VIETNAM’S TRADE VALUE NEARS US$650 BLN AS OF NOV 15

According to the General Department of Vietnam Customs, Vietnam's export value amounted to US$13.6 billion in the first half of November (from November 1 to 15), with four items bringing home at least US$1 billion each, including telephones and parts with US$2.38 billion; machinery, equipment, tools and parts with US$1.77 billion; computers, electronic products and parts with US$1.67 billion; and textiles and garments with US$1.4 billion.

Vietnam's export value totaled US$326.68 billion in the year to November 15, representing a year-on-year growth of 14.83% or an addition of US$42.2 billion, compared to US$284.48 billion in the same period of 2021).

The export value in the first half of November was US$14.78 billion, with billion-dollar items including computers, electronic products and parts; machinery, equipment, tools and parts; and telephones and parts, respectively earning US$2.86 billion, US$1.96 billion and US$1.06 billion.

Meanwhile, Vietnam spent US$318 billion on imports in the year to November 15, up 11.74% year-on-year, or an increase of US$33.42 billion, compared to US$284.58 billion in the same period of 2021.

In total, Vietnam's export and import value was US$644.68 billion.

The country had a trade deficit of nearly US$1.2 billion in the first half of November, thus narrowing its trade surplus to US$8.68 billion in the year to November 15.

Source: VCCI