Vietnam posts trade surplus of 24.6 billion USD

Vietnam recorded a trade surplus of 24.6 billion USD during the first ten months of 2023, according to the General Department of Customs (GDC).

The country exported goods worth 291.28 billion USD, down 7.1% from last year, while imports were estimated at 266.67 billion USD, a year-on-year drop of 12.3%.

In October, Vietnam’s export revenue rose 5.3% from a month earlier to 32.31 billion, while the import turnover edged up 2.9% to 29.31 billion USD, producing a trade surplus of 3 billion USD.

According to the GDC, budget revenue from export-import activities in October reached 32.469 trillion VND (1.323 billion USD), up 17.2% against the previous month.

The figure for the January-October period was 302.394 trillion VND (12.325 billion USD), down 17% over the corresponding period last year.