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Trade surplus hits US$24.31 billion in 11M

VGP - Viet Nam ran a trade surplus of US$24.31 billion in the first 11 months this year, the General Statistics Office (GSO) reported Friday.

December 06, 2024 12:39 PM GMT+7

In November, total trade turnover was estimated at US$66.4 billion USD, representing a year-on-year increase of 9 percent.

In January-November period, total export and import turnover reached US$715.55 billion, up 15.4 percent against the same period last year in which export value grew 11.4 percent and import turnover rose 16.4 percent.

Of the above total, export turnover was estimated at US$369.93 billion, a year-on-year increase of 14.4 percent. Domestic economic sector contributed US$103.88 billion, accounting for 28.1 percent of the total while FDI sector including crude oil, contributed US$266.05 billion, making up 71.9 percent.

Meanwhile, import turnover reached US$345.62 billion, up 16.4 percent against the same period last year.

The domestic economic sector's spending increased by 18.5 percent to US$126.05 billion while the foreign-invested sector recorded US$219.57 billion, up 15.2 percent.

The U.S. remained Viet Nam's largest export market with US$108.9 billion while China was Viet Nam's top source of imported goods with US$130.2 billion./.