The export turnover of the processed industrial product group reached US$295.23 billion, accounting for 88%. Illustrative photo: Ha Phuong

In the first 10 months of 2024, the total preliminary import and export turnover reached US$647.87 billion, up 15.8% over the same period last year, of which exports rose 14.9%; imports grew 16.8%. The trade balance recorded a trade surplus of US$23.31 billion.

According to the General Statistics Office, the export turnover in October 2024 increased by 4.4% month-on-month to US$35.59 billion. Of which, the export turnover of domestic economic sector reached US$10.3 billion, up 9.8%; the export turnover of the FDI sector (including crude oil) recorded US$ 25.29 billion, up 2.4%.

The export turnover in October went up 10.1% year-on-year, of which the export turnover of the domestic economic sector increased by 17.7%, the export turnover of the FDI sector (including crude oil) grew 7.3%.

In the first 10 months of 2024, the export turnover reached US$335.59 billion, up 14.9% over the same period last year. Of which, the export turnover of the domestic economic sector reached US$93.97 billion, up 20.7%, accounting for 28% of the total export turnover; the export turnover of the FDI sector (including crude oil) reached US$241.62 billion, up 12.8%, accounting for 72.0%.

The import turnover in October 2024 recorded US$ 33.6 billion, up 5.8% compared to the previous month. Of which, the import turnover of domestic economic sector gained US$12.68 billion, up 15.9%; the import turnover of FDI sector reached US$20.92 billion, up 0.5%.

The import turnover in October increased by 13.6%, of which the import turnover of the domestic sector rose 18.6%, and of the FDI sector went up 10.7%.

In the first 10 months of 2024, the preliminary import turnover reached US$312.28 billion, an increase of 16.8% over the same period last year, of which the import turnover of the domestic economic sector gained US$113.58 billion, up 18.8%; the import turnover of FDI sector reached US$198.7 billion, up 15.8%.

Regarding the import and export market in the first 10 months of 2024, the US is Vietnam's largest export market with a turnover of US$ 98.4 billion. China continues to be Vietnam's largest import market with a turnover of US$117.7 billion.

Specifically, the country had a trade surplus of US$86.1 billion, up 26.9% over the same period last year; a trade surplus with the EU at US$28.5 billion, up 18.6%; the trade surplus with Japan at US$2.4 billion, up 56.9%. The country had a trade deficit with China at US$66.9 billion, up 68.5%; with South Korea reached at US$25.3 billion, up 8.1%; with ASEAN at US$ 7.3 billion, up 6.4%.