Data released by the General Statistics Office on September 29 showed that the total import and export turnover of goods was valued at US$58.74 billion in September 2022, down 11% from the previous month and one Increase of 8.4% over the same period last year. In the first nine months of 2022, the total import and export turnover of goods reached US$558.52 billion, up 15.1% from the same period last year.

Specifically, exports were estimated at US$29.94 billion in September 2022, down 14.3% month-on-month. In this, the domestic economic sector reached USD 7.57 billion, down 11.9%; The FDI sector (including crude oil) hit $22.37 billion, down 15%.

Compared with the same period last year, export turnover of goods increased by 10.3% in September 2022, of which the domestic economic sector increased by 7.4%, the foreign-invested sector (including crude oil) by 11.4%.

In the third quarter of 2022, export sales were estimated at US$96.5 billion, up 17.2% from the same period last year and down 0.5% from the second quarter of 2022.

In the first nine months of 2022, goods export sales were estimated at US$282.52 billion, up 17.3% from the same period last year. In this area, the domestic economic sector reached USD 73.22 billion, an increase of 16.4% and accounting for 25.9% of the total export turnover; the foreign investment sector (including crude oil) reached US$209.3 billion, up 17.6%, accounting for 74.1% share.

In the first nine months of 2022, there are 32 items with export sales over USD 1 billion, accounting for 92.8% of the total export sales (there are 6 export items over USD 10 billion, accounting for 63.9%) .

In terms of the structure of export products in the first nine months of 2022, fuel and mineral products accounted for 1.4%, up 0.3 percentage points from the same period last year; processed manufactured goods accounted for 89%, down 0.1 percentage points; agricultural and forestry products accounted for 6.6%, down 0.6 percentage points; Aquatic products accounted for 3%, up 0.4 percentage points.

Coming from the opposite direction, imports of goods were estimated at $28.8 billion in September 2022, down 7.3% month-on-month. In this, the domestic economic sector reached USD 9.8 billion, down 5.2%; The FDI sector reached USD 19 billion, down 8.3%.

Compared to the same period last year, goods import turnover increased by 6.4% in September 2022, of which 14.2% is attributable to the domestic economic sector; The FDI sector rose by 2.8%.

In the third quarter of 2022, import sales were estimated at US$90.7 billion, an increase of 8.1% compared to the same period last year and a decrease of 7.1% compared to the second quarter of 2022.

In general, the goods import turnover for the first nine months of 2022 is estimated at US$276 billion, up 13% from the same period last year, of which the domestic economic sector reaches US$96.11 billion, up 13.6%; The FDI sector hit $179.89 billion, up 12.7%.

In the first nine months of 2022, there are 42 imported items valued at over US$1 billion, accounting for 92.3% of total import sales (there are 4 export items valued at over US$10 billion, accounting for 45.5% turn off).

In terms of the structure of imported goods in the first nine months of 2022, capital goods accounted for 93.9%, up 0.1 percentage points from the same period last year, of which machinery, equipment and spare parts for auxiliary tools accounted for 44th accounted for .6%, down 1.3 percentage points; Raw materials, fuel and materials accounted for 49.2%, up 1.4 percentage points. The consumer goods group accounted for 6.1%, down 0.1 percentage points.

In terms of the export and import market for goods in the first nine months of 2022, the United States is Vietnam’s largest export market with an estimated turnover of USD 86.3 billion. China is Vietnam’s largest import market with an estimated turnover of US$91.6 billion.

In the first nine months of 2022, the trade surplus with the EU was estimated at $24.3 billion, up 48.2% on the same period last year; The trade surplus with Japan is USD 10 million (in the same period the trade deficit is USD 1.7 billion); China’s trade deficit is US$51.5 billion, up 21.3%; Trade deficit of Korea US$29.6 billion, up 20.8%; ASEAN’s trade deficit was $9.3 billion, down 1.6%.

So, with the above results, September 2022 is estimated to have a trade surplus of $1.14 billion. In the first 9 months of 2022, the goods trade balance is estimated at a trade surplus of USD 6.52 billion (in the same period last year the trade deficit is USD 3.44 billion). In which the domestic economic sector had a trade deficit of $22.89 billion; The FDI sector (including crude oil) had a trade surplus of $29.41 billion.