Vietnam's export-import values reaches $700 billion
Vietnam's export-import values reaches $700 billion
The export-import turnover of Vietnam has reached $700 billion, the highest on record.
According to the General Department of Vietnam Customs, the total import-export value has hit $700 billion for the year, a new milestone for the country. Previously, Vietnam's import and export turnover reached $500 billion and $600 billion in 2020 and 2021, respectively.
In the department's latest report, in the first 11 months of the year, the total export and import turnover of foreign-invested enterprises was $468.7 billion, an increase of 12.1 per cent. This sector contributes about 66 per cent of the country's total.
Exports to the US hit $101 billion, up 18 per cent on-year, and imports from China were $109 billion, an increase of 10 per cent (equivalent to a $9.93 billion rise). As of November 30, the trade surplus was $10.6 billion.
In 2021, the World Trade Organization reported Vietnam ranking 23rd in exports and 20th in imports worldwide. In the ASEAN region, Vietnam's export and import values ranked second after Singapore.
The General Department of Vietnam Customs expected that Vietnam's ranking could be levelled up this year thanks to this achievement.
