Vietnam's trade surplus hits $24.31 bn in Jan-Nov 2024

In November, total trade turnover was estimated at $66.4 billion, representing a year-on-year (YoY) increase of 9 per cent.

In the January-November period, total export and import turnover reached $715.55 billion—up by 15.4 per cent YoY.

Export turnover during the period was estimated at $369.93 billion—a YoY increase of 14.4 per cent. The domestic economic sector contributed $103.88 billion, accounting for 28.1 per cent of the total, while the sector with foreign direct investment contributed $266.05 billion, making up 71.9 per cent.

Import turnover during the eleven months reached $345.62 billion—up by 16.4 per cent YoY. The domestic economic sector's spending on imports increased by 18.5 per cent YoY to $126.05 billion, while the FDI sector recorded $219.57 billion—up by 15.2 per cent YoY, a domestic media outlet reported.

The United States remained the country’s largest export market with exports worth $108.9 billion, while China was the top source of imports, worth $130.2 billion.

ALCHEMPro News Desk (DS)