THE UNITED STATES IS VIETNAM'S LARGEST EXPORT MARKET IN THE PAST 10 MONTHS

Merchandise export turnover in October 2022 was estimated at 30.27 billion USD, up 1.5% over the previous month and up 4.5% over the same period last year.

Generally, in the first 10 months of 2022, export turnover of goods was estimated at 312.82 billion USD, up 15.9% over the same period last year. Regarding the structure of export commodity groups in the first 10 months of 2022, the group of processed industrial products accounted for 89.1%.

Import turnover of goods in October 2022 was estimated at 28 billion USD, down 1.4% over the previous month and up 7.1% over the same period last year. In the 10 months of 2022, the import turnover of goods is estimated at 303.42 billion USD, up 12.2% over the same period last year. Regarding the structure of the group of imported goods in the first 10 months of 2022, the group of capital goods accounted for 93.7%.

Regarding the export and import markets of goods in the first 10 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 93.4 billion USD. China is Vietnam's largest import market with an estimated turnover of 100.7 billion USD.

The balance of trade in goods in October was estimated to have a trade surplus of 2.27 billion USD. In the first 10 months of 2022, the trade balance of goods is estimated to have a trade surplus of 9.4 billion USD (the same period last year, the trade deficit is 0.63 billion USD).

 

Related News

OOCL: Container volume declines but profits increase sharply in 2022

Orient Overseas (International) Limited, the parent company of shipping line OOCL, has announced its full-year business results for 2022, with revenue of 19.82 billion USD and profit before interest and tax (EBIT) of 10,089 billion USD.

Economic clusters and linkages in logistics

In fact, for a long time, Vietnam has been interested in regional planning, not only provinces, but also districts have industrial zone planning... However, the capacity to implement economic clusters is only limited to the idea. ideas, planning, not succeeding in practice.

More signs of improvement in air freight

The information in the first 10 days of March 2023 shows that the slight improvement in the air transport market as production in China has increased again, but demand in ASEAN and neighboring markets remained weak as most industries saw a sharp drop in export orders from the EU-US market bloc. Along with China's efforts to restore production, e-commerce and a more vibrant global travel season from the second quarter are expected to reinforce the optimistic signals for the global aviation market

Related News

HAPPY BIRTHDAY PARTY EMPLOYEES HAVE BIRTHDAYS IN MARCH, 2023

Following the internal activities of the business, in this March, Glotrans celebrated the birthdays of employees of Glotrans offices throughout the system.

GLOTRANS HANOI PARTICIPATES IN THE TALK SHOW "LOGISTICS EXERCISE" AT HANOI COLLEGES OF TECHNOLOGY OF TECHNOLOGY

On March 14, 2023, Glotrans Hanoi participated in the talk show "Logistics internship" with students of Faculty of Economics in collaboration with Logistics Club of Hanoi College of Technology.

Glotrans - Member of WCA ( World Cargo Alliance )

Bringing in the desire to reach the international level, Glotrans constantly strengthens the building of cooperation relationships with partners around the globe in many different ways. In which, it is impossible not to mention joining the world's leading organizations in transportation, especially becoming a member of WCA.