According to the General Department of Customs, the total export turnover of 10 months reached 269.77 billion USD, expected to reach 327.5 billion USD for the whole year. Meanwhile, import turnover in 10 months reached 269.65 billion USD, expected to reach 321.9 billion USD for the whole year.
Thus, it can be seen that the export turnover of 10 months has reached the largest scale compared to the same period so far. Only 10 months have passed, already larger than the whole year of 2019 – the year there was no Covid-19 pandemic. Compared to the same period last year, export turnover of goods increased by 17.4%, or over 40 billion USD. That’s a very positive rate of increase and gain. October has reached over 28.87 billion USD, up 6.8% compared to September and much higher than the 1-month average in the first 9 months of the year (26.77 billion USD).
Of the 45 major products, there are 39 increases, of which there are high (over 500 million USD) with 16, especially very high (over 1 billion USD) with 10 items. In the past 10 months, there have been 30 products with a turnover of over 1 billion USD, of which 6 products have reached over 12 billion USD (Phones and components, Machinery, Textile, Footwear, Wood and wood products). . Among 80 major export markets, there are 59 growing markets, of which there are very high growth (over 1 billion USD) with 4. In the past 10 months, 30 markets have reached over 1 billion USD, of which 8 market reached over 5 billion USD (USA, China, Korea, Japan, Hong Kong, Netherlands, Germany, India).
Thanks to the trade surplus in the past few months, the 10-month period has changed to a light trade surplus. Out of 86 markets, there are 50 markets where Vietnam has a trade surplus, of which 16 have a very large trade surplus (over 1 billion USD). Especially the US 63.9 billion, the rest is Hong Kong, Netherlands, UK, Canada, United Arab Emirates, Germany, Belgium, Austria, Italy, Spain, Poland, France, Chile…
Exports in the remaining 2 months, if achieved by the average level of October (28.87 billion USD), the whole year will reach 327.5 billion USD, the highest ever and 2021 will be the first year. crossed the 325 billion mark. 2021 will increase by 15.9%, or $44.9 billion over the previous year. Accordingly, the growth rate is more than double the growth rate of 6.9% of the previous year and over 5 times higher than the GDP growth rate as forecasted. The increase is much higher than the corresponding increase of 18.3 billion USD in the previous year. The above results were achieved in the context that the Covid-19 pandemic took place around the world, especially Vietnam’s major trading partners, and the outbreak was widespread and prolonged, concentrated in major export centers. domestic is even more encouraging.
Imports in the remaining 2 months, if achieved by the average level of October (26.13 billion USD), then the whole year 2021 will reach approximately 322 billion USD, also the highest level ever. Compared to the previous year, imports increased by 23.2%, or by 59.3 billion USD – both growth rates and quite high increases. With the forecast of export and import as above, there can be 2 points worth noting. Total import and export turnover in 2021 may reach over 649 billion USD – the largest ever. In trade relations with foreign countries, although Vietnam does not have a large trade surplus as last year (nearly 20 billion USD), but it does not have a trade deficit as forecasted a few months ago, but it can have a rather large trade surplus (about 20 billion USD). $5.9 billion). The shift to transcendence makes sense in two ways. On the one hand, it will contribute to improving the general balance of payments, stabilizing the exchange rate, etc. On the other hand, it will create conditions for GDP growth – domestic production will not lose market share for goods imported from abroad.
According to Kinhtedothi.vn
