Home breadcru News breadcru Import/Exports breadcru Vietnam's foreign trade value hits $523 bn between Jan 1, Oct 15, 2023

Vietnam's foreign trade value hits $523 bn between Jan 1, Oct 15, 2023

22 Oct '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Vietnam's total foreign trade value this year hit $523 billion as of October 15.
  • It earned $14.2 billion from exports in October first half, raising the total export value between January 1 and October 15 to $272.74 billion—a drop of over $24 billion year on year (YoY).
  • Imports totaled $250.2 billion during the period—a YoY decline of nearly $40 billion.
Vietnam’s total foreign trade value this year hit $523 billion as of October 15, according to country’s general department of customs.

The country earned $14.2 billion from exports in the first half of October, raising the total export value between January 1 and October 15 to $272.74 billion—a drop of over $24 billion year on year (YoY).

Imports totaled $250.2 billion during the period—a YoY decline of nearly $40 billion.

The country has enjoyed a trade surplus of $22.54 billion so far this year, a domestic news outlet reported.

In 2022, Vietnam's foreign trade was worth $730.2 billion, which included $371.5 billion in export value.

ALCHEMPro News Desk (DS)

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