Vietnam's exports up 4.6% MoM, imports up 5.8% MoM in Oct 2024

Therefore, the trade surplus in the month was $2.03 billion, according to Vietnam Customs statistics.

The foreign trade value of textiles and garments was up by $233 million MoM in October this year.

On a year-on-year (YoY) basis, exports were up by $43.59 billion to $335.63 billion in the month. Exports of textiles and garments went up by $2.90 billion, or 10.5 per cent, YoY in the month to $30.57 billion.

In the first ten months this year, the country’s trade-in-goods totaled $647.91 billion in value terms—15.8 per cent higher year on year (YoY); exports value went up by 14.9 per cent YoY to $335.63 billion and imports value rose by 16.8 per cent YoY to $312.28 billion.

So the trade surplus in the ten months was $23.35 billion.

The total trade value of companies with foreign direct investment (FDI) reached $46.19 billion in October—down by 1.9 per cent MoM; exports were worth $25.26 billion and imports were worth $20.92 billion leading to a trade surplus of $4.34 billion.

Between January and October, trade in goods by FDI companies totaled $438.83 billion—up by 14.2 per cent YoY; exports were worth $240.13 billion—a rise of 12.9 per cent YoY, while imports were worth 198.70 billion—up by 15.8 per cent YoY. As a result, the trade surplus of such companies was $41.43 billion during the ten-month period, an official release said.

The biggest countries importing textiles and garments from Vietnam during the period were the United States (up by 10.7 per cent YoY to $13.30 billion), the European Union (up by 10.2 per cent YoY to $3.54 billion), Japan (up by 7 per cent YoY to $3.55 billion) and South Korea (up by 2.6 per cent YoY to $2.73 billion). 

ALCHEMPro News Desk (DS)