According to data from the General Statistics Office, in 2022, the total import-export turnover of goods will reach a new record with 732.5 billion USD, of which the trade surplus will reach 11.2 billion USD.
In December, the total import and export turnover of goods was estimated at 58.82 billion USD, up 2.7% over the previous month and down 11.2% over the same period last year. In the fourth quarter of 2022, export turnover was estimated at 89.5 billion USD, down 7.1% compared to the third quarter of 2022 and down 6.1% over the same period last year. For the whole year of 2022, export turnover of goods is estimated at 371.85 billion USD, up 10.6% over the previous year.
Regarding the structure of export groups in 2022, the group of processed industrial products will account for 89%. In which, the import turnover of goods in December 2022 was estimated at 29.16 billion USD, up 3.1% over the previous month and down 8.1% over the same period last year. In the fourth quarter of 2022, import turnover was estimated at 85.07 billion USD, down 5.8% compared to the third quarter of 2022 and down 3.9% over the same period last year. For the whole year of 2022, import turnover of goods is estimated at 360.65 billion USD, up 8.4% over the previous year. China is Vietnam’s largest import market with an estimated turnover of 119.3 billion USD.
Regarding the structure of the group of imported goods in 2022, the group of capital goods accounted for 93.5%, the proportion equal to the previous year. The United States is Vietnam’s largest export market with an estimated turnover of 109.1 billion USD.
“For the whole year of 2022, the trade balance of goods is estimated to have a trade surplus of 11.2 billion USD (last year’s trade surplus is 3.32 billion USD). Service export turnover is estimated at 12.9 billion USD, up 145.2% compared to 2021; service import turnover was estimated at 25.5 billion USD, up 23.6% over the previous year. Service trade deficit in 2022 is 12.6 billion USD (of which 9 billion USD is included in transportation and insurance service fees of imported goods).”
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