The total value of import and export turnover of goods in 11 months of 2021 reached 602 billion USD, an increase of 22.9%, corresponding to an increase of 112.2 billion USD in absolute numbers compared to the same period in 2020.
Exports of goods in November reached 31.87 billion USD, went up 10.4% compared with the previous month and 26.5% over the same period last year; 11 months of 2021 reached 301.73 billion USD, went up 18.3%. Imports of goods in November reached 30.6 billion USD, increased by 17.1% over the previous month and 24.1% over the same period last year; 11 months of 2021 reached 300.27 billion USD, increased by 27.9%. Trade balance in November had a trade surplus of 1.26 billion USD, in 11 months of 2021, trade surplus was 1.46 billion USD.
In 11 months of 2021, there are 34 items with export turnover of over 1 billion USD, accounting for 93.5% of total export turnover, of which 7 items are exported over 10 billion USD (accounting for 66.5%). including: (1) Phones all of kinds and their parts have the largest export turnover, reaching 51.9 billion USD, went up 11.5% over the same period last year; (2) Electronic goods, computers and their parts reached 45.5 billion USD, went up 13%; (3) Machinery, instrument, accessory reached 34 billion USD, edged up 41.6%; (4) Textile and garment products reached 29.1 billion USD, increased by 8%; (5) Footwear reached 15.8 billion USD, went up 5.1%; (6) Wood and products reached 13.4 billion USD, grew up 21.1%; (7) Iron and steel reached 10.8 billion USD, increased by 130.5%.
Imports of raw materials, fuel and materials increased sharply
The total value of imports of goods of Viet Nam in 11 months of 2021 was estimated at 300.27 billion USD, went up 27.9% over the same period last year, of which the domestic economic sector reached 103.19 billion USD. up 23.2%; FDI sector reached 197.08 billion USD, up 30.5%. In 11 months of 2021, there are 43 imported items with a value of over 1 billion USD, accounting for 92.8% of the total import turnover.
Regarding the structure of imported of goods in 11 months of 2021 by commodity group, the group of input materials was estimated at 280.97 billion USD, up 28.3% over the same period last year, in which machinery, equipment, accessory, means of transport and components reached reached 139.3 billion USD, up 22.1%; fuel and row materials reached 141.67 billion USD, up 35%. Consumer goods group was estimated at 19.3 billion USD, up 22.6%.
Restore production, boost exports
With the current high growth rate of import and export, export and import turnover has set a new record, surpassing 600 billion USD. Industrial production in November continued to prosper. The index of industrial production (IIP) in November 2021 was estimated to increase by 5.5% over the previous month and up 5.6% from the same period last year. Generally, in 11 months of 2021, the IIP was estimated to increase by 3.6% over the same period last year. The number of newly registered enterprises in November increased significantly compared to the previous month in terms of the number of enterprises (increased by 44.6%), registered capital (up 38%) and number of employees (increased by 30.2%). The number of businesses returning to operation increased by 15.2% over the previous month. The results show the recovery of production and business activities after more than a month of implementing the Government’s Resolution 128/NQ-CP on safe, flexible adaptation and effective control of the Covid-19 pandemic. This is a premise to promote export activities to increase in the last months of the year, bringing the trade balance of exports of goods returned to surplus..