Southern Binh Duong province posted export turnover of $27.06 billion in the first nine months of 2022, up 11.9 per cent year-on-year, and import turnover of $19.21 billion, down 1.6 per cent. It therefore recorded a trade surplus of nearly $7.9 billion. Binh Duong has regularly been among the Top 5 cities and provinces with a trade surplus of $6 billion or more.
Total export turnover came in at $250.8 billion in the first eight months of this year and import value $246.84 billion. Trade was therefore in surplus, to the tune of $3.96 billion. Thirty items posted export turnover in excess of $1 billion, or 91.8 per cent of total turnover. The US continues to be Vietnam’s largest export market, with turnover of $77.7 billion.
Despite seeing positive performance in the first half of 2022, exports may face difficulties over the closing months of the year as demand in markets is affected by inflation and recession. Securing a trade surplus will therefore be a challenge.
According to the General Statistics Office, total trade turnover reached $371.17 billion in the first half of 2022, up 16.4 per cent year-on-year, with exports at $185.94 billion, up 17.3 per cent, and imports at $185.23 billion, up 15.5 per cent. Trade was therefore in surplus by $710 million. The US was Vietnam’s largest export market, with turnover of $55.9 billion.
According to the General Statistics Office, total import-export turnover in the first 5 months of 2022 reached over $305 billion, of which exports were $152.81 billion, up 16.3 per cent year-on-year, and imports $152.29 billion, up 14.9 per cent. Trade was therefore in surplus by nearly $520 million during the period.
Trade in the agriculture, forestry, and fishery sector reached $31.8 billion in the first four months of the year, up 7 per cent year-on-year. Exports were $17.9 billion, up 15.6 per cent, while imports were $13.9 billion, down 2.3 per cent. The sector therefore posted a surplus of nearly $4 billion, or 3.2 times higher than in the same period last year.