Chart by Thai Binh.

Import turnover increases to over US$65 billion

In November alone, the country’s import turnover saw an increase of 17.1%, up to US$30.61 billion. This is the first time that the import turnover recorded US$30 billion or more per month.

The country’s turnover between January and November rose 27.9%, or US$65.49 billion, to US$300.27 billion.

Vietnam mainly imported goods from China, South Korea, ASEAN, Japan and the US and EU markets.

Notably, the import turnover from the Chinese market increased 33.2%, compared with the previous year, to 99.4% , accounting for 33.1% of the country’s total import turnover.

The quantity of goods imported from China is also diverse, from machinery and equipment to raw materials for production, consumer goods and agricultural products.

China topped exports to Vietnam for commodity groups such as computers, electronic products and components, machinery, equipment, mobile phones, garment fabrics and raw materials for textiles and footwear.

The next three major exporters to the country in Asia include South Korea, ASEAN and Japan.

The turnover from South Korea increased 20.8% compared with a year ago to US$50.5 billion, accounting for 16.8% of the country’s turnover.

The import turnover from ASEAN rose 36.8% to US$37.17 billion, accounting for 12.4%. Japan increased 10.2% to US$20.29 billion, accounting for 6.8%.

Import turnover increased 28.9% compared with the previous year to US$244.52 billion, accounting for 81.4% of the total import turnover.

Vietnam spent US$15.34 billion to import goods from the EU and US$14.13 billion from the US.

Vietnam’s import markets saw double-digit growth.

Six commodity groups recorded import turnover worth "tens of billions of dollars"

In the end of November, six commodity groups showed import turnover worth from US$1billion or more.

The turnover of computer, electronic products and their components rose 18.3% to US$68.14 billion.

The import turnover from items from China, South Korea and Taiwan increased by 20.3%, 17.9%, and 26.1% to US$19.73 billion, US$18.25 billion and US$8.79 billion respectively.

The import turnover of machinery, equipment, tools and spare parts rose 27.8% to US$42.3 billion compared with the previous year.

Import turnover from China surged 53% compared with the same period in the previous year, to US$22.81 billion, followed by South Korea at US$5.59 billion and Japan at US$4.02 billion.

The turnover of mobile phone components ranked third, increasing 31.5% to US$19.16 billion.

China and South Korea are two main markets exporting mobiles and their components to Vietnam with the turnover of US$17.81 billion, accounting for 93% of total turnover of these items.

The turnover from South Korea soared 45% to US$9.55 billion and China rose US$8.26 billion to 17.7%, compared with the previous year.

Three import groups with turnover worth tens of billions of dollars include fabrics, plastic materials, iron and steel at VND12.95 billion, US$10.58 billion and US$10.5 billion, respectively

Notably, by the end of November, three import commodity groups showed a three-digit turnover, including cashew nuts, ores and minerals and rubber, at more than US$4 billion, US$3.64 billion and US$2.59 billion, respectively.