By the end of October, the country had a trade surplus of 19.5 billion USD

(Daiphuc corp) - According to preliminary data just updated by the General Department of Customs, the total value of goods import and export of the country in October 2020 reached 51.36 billion USD, equivalent to the value of September.
 
 


In which, the total export value reached 27.17 billion USD, up slightly by 0.1% and the total import value reached 24.19 billion USD, equal to the value of September 2020.

In the first 10 months of 2020, the total value of Vietnam's merchandise import and export reached $ 439.82 billion, up slightly by 2.6% over the same period in 2019. In which, the total export value was estimated at 229. , 65 billion USD, up 4.9% and total import value is estimated at 210.17 billion USD, up by 0.3%.
 
The trade balance in October 2020 saw a surplus of 2.98 billion USD. Generally, by the end of October, our country saw a trade surplus of 19.5 billion USD, much higher than the surplus of 9.3 billion USD of the same period last year.
 
Regarding major trading partners, Vietnam is enjoying good export performance to its two largest trading partners, the US and China.
 
Specifically, exports to the US market in October reached US $ 7.66 billion, thereby, bringing the total export value of Vietnam in the first 10 months of the year to US $ 62.36 billion, up 24% (respectively 12.1 billion USD) over the same period in 2019.
 
For the Chinese market, the turnover in October reached US $ 5.47 billion; for the end of October, it reached 37.95 billion USD, a sharp increase of 15% (equivalent to an increase of 4.9 billion USD) over the same period last year.
 
Regarding the remarkable development of export and import activities, the General Department of Customs data shows that by the end of October, there were 3 groups of export goods with an increase in turnover of US $ 1 billion or more.
 
Specifically, computers, electronic products and components increased to 7.3 billion USD; machinery, equipment and spare parts increased by 6.4 billion USD; wood and wood products increased 1.17 billion USD.
 
On the import side, the group of computers, electronic products and components continued to record high growth with an additional turnover of $ 8.6 billion over the same period last year.
 
However, like export activities, many groups of imported goods also suffered a sharp decline compared to the same period last year. Most notably, the raw and auxiliary materials for the textile and garment and footwear industries fell to 2.7 billion USD. Followed by petroleum types, down 2.24 billion USD; iron and steel of all kinds decreased by 1.4 billion USD; complete units of all kinds and auto spare parts decreased by 1.35 billion USD ...
PV

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