Vietnam’s trade turnover surpasses US$637 billion by mid-September

VOV.VN - In the first half of September, Vietnam’s import-export turnover reached US$39 billion, bringing the country’s year-to-date trade value to over US$637 billion, according to the Department of Customs.

Exports in the first half of September stood at US$19.2 billion, while imports hit US$19.85 billion, resulting in a trade deficit of US$640 million. Cumulatively, however, Vietnam has maintained a trade surplus of US$13.31 billion since the start of the year, with exports at US$325.26 billion and imports at US$311.95 billion.

Key export earners in the first 15 days of September included computers, electronics, and components (US$4.85 billion); machinery and equipment (US$2.52 billion); phones and accessories (US$2.37 billion); and textiles and garments (US$1.5 billion).

On the import side, two product groups recording turnover of more than US$1 billion each are computers, electronic products, and components (US$ 7.07 billion) and machinery, equipment, tools, and spare parts (US$ 2.74 billion).

In the first eight months of the year, exports to key markets including the US, China, the EU, the Republic of Korea, and ASEAN maintained strong growth. Notably, exports to the US rose by 26.4%, while shipments to China increased by 9.2%, reflecting stable trade relations with Vietnam’s traditional partners.

A total of 29 export items surpassed US$ 1 billion in turnover each, with seven of them exceeding US$10 billion, highlighting a positive shift in Vietnam’s export structure. Core products such as electronics, computers and components, phones, machinery, textiles, and footwear continued to dominate, making significant contributions to overall export performance.

In the official dispatch dated September 16 on maintaining macroeconomic stability, controlling inflation, accelerating growth, and ensuring key economic balances, the Prime Minister asked the Ministry of Industry and Trade to collaborate with relevant agencies to promote trade, diversify markets, and stabilise traditional markets while hosting promotional programmes and fairs to stimulate consumption and boost the development of the domestic market.

The country’s exports this year are projected to grow by 12%, with the trade balance expected to maintain a trade surplus for the 10th consecutive year.

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