A total of 30 commodities enjoyed export values of over US$1 billion during the first 11 months of the year, accounting for 91.6 per cent of Vietnam’s total export turnover, according figures released by the General Statistics Office (GSO).

In November, the country’s total export turnover stood at an estimated US$22.6 billion, a fall of 6.7 per cent against the previous month. 

During the 11-month period, the nation’s export turnover reached approximately US$241.42 billion, up 7.8 per cent.

Among the commodities, phones and components posted the largest export value with US$48.7 billion, accounting for 20.2 per cent of total exports, a rise of 5.4 per cent on-year.

The US remained Vietnam’s largest export market with turnover of US$55.6 billion, up 27.9 per cent, followed by the EU, China, ASEAN, Japan, and the Republic of Korea.

Elsewhere, import turnover during November stood at an estimated US$22.5 billion, up 0.6 per cent in comparison to the previous month. This contributed to the country’s total import turnover figure of US$232.31 billion during the 11-month period, representing a surge of 7.4 per cent.

China retained its position as the country’s largest import market with turnover of US$68.7 billion, up 15.2 per cent on-year, followed by the Republic of Korea, ASEAN, Japan, the EU, and the US.

Overall, Vietnam enjoyed a trade surplus of US$100 million during November and US$9.1 billion throughout the reviewed period. Of the figure, the domestic economic sector reported a trade deficit of US$23.5 billion, while the FDI sector recorded a trade surplus of US$32.6 billion.