The latest preliminary statistics of the General Department of Customs show that the total import and export turnover of Vietnam's goods in the period of October 2 (from October 16 to 31) reached 30.32 billion USD, up 9, 3% (equivalent to an increase of USD 2.57 billion) compared to the results in the first half of October 2022.

In 10 months, the country's total import-export turnover reached 616.3 billion USD, up 14.1%, equivalent to 75.99 billion USD increase over the same period in 2021.

Import and export turnover of the whole country may surpass the record in 2021

In the period of October 2, 2022, the trade balance of goods had a surplus of USD 2.39 billion. Generally in 10 months, the trade balance had a surplus of 9.59 billion USD.

With this figure, on average, the import-export turnover of the whole country has reached 61.63 billion USD/month. With the annual rule, import-export turnover often increases at the end of the year due to the demand for goods for holidays and Tet, by the end of 2022, the total import and export turnover of the whole country can reach the figure. $740 billion.

Previously, in 2021, the total import-export turnover of the whole country reached a record of 668.5 billion USD, up 22.6% over the previous year, putting Vietnam in the group of 20 leading economies in terms of international trade; in which exports increased by 19%, imports increased by 26.5%.

In order to continue to achieve high export targets, in the context that some of our major markets such as the EU and the United States are shrinking and demand is decreasing, the Ministry of Industry and Trade has determined that in the coming time, it is necessary to focus on solutions. such as guiding businesses to shift market access to Asian countries where they are less affected by inflation, diversifying markets, and not depending on traditional markets; taking advantage of demand when EU countries cut production for some heavy industrial products, chemicals, fertilizers, steel...; many countries restrict food exports to stabilize the country... to boost exports of these items.

In addition to market solutions, supporting businesses in import and export, Mr. Vu Ba Phu - Director of the Trade Promotion Department suggested that trade counselors need to proactively take measures to cope with the fluctuations of the market. market by regularly monitoring and updating market information, adjusting import and export plans to take advantage of new market opportunities and avoid risks, especially impacts from regulatory changes. to adjust the fiscal and monetary policies of the countries.

“In the coming time, in order to maintain the growth of the economy, especially import and export, and to overcome fluctuations in the world market, trade promotion activities need to be strengthened, especially with new markets. niche market with new products, suitable for Vietnam's production capacity," emphasized Mr. Vu Ba Phu.

The Ministry of Industry and Trade also suggested that units continue to focus on solving difficulties, boosting industrial production, restoring production and business to put large industrial projects of an important role into operation in order to increase economic growth. production capacity.

At the same time, organizing connections for businesses in search of suitable materials, participating in the value chain of FDI enterprises and large global enterprises.