Import-export revenue estimated at nearly US$255 billion in 11 months

In November alone, Vietnam’s import and export revenue posted at US$24.8 billion. (Illustrative image)

Of the total revenue, the domestic economic sector reported import and export revenue of US$73 billion, up 1.6% over the same period last year, accounting for 28.7% of the total revenue.

The foreign direct investment (FDI) sector (including crude oil) posted import and export revenue of US$181.6 billion, up 6.9% over the same period last year, occupying 71.3% of the total import and export revenue of Vietnam.

In November alone, Vietnam’s import and export revenue was posted at US$24.8 billion, down 9% from the previous month but up 8.8% over the same period in 2019.

During the 11-month period, 31 types of goods had export revenue of over US$1 billion each, accounting for 92% of the total export revenue. Of which, six types of goods recorded export revenue of over US$10 billion each, comprising 64.3% of total export revenue.

The US was the largest export market of Vietnam in the past 11 months with an export revenue of US$69.9 billion, up 25.7% over the same period last year. China came in second with an export revenue of US$43.1 billion, up 16% and the EU came in third with export revenue of US$32.2 billion, down 2.4%. It was followed by ASEAN, the Republic of Korea, and Japan.

Source: NDO