According to the General Statistics Office, in November, the total preliminary import and export turnover of goods reached 66.4 billion USD, down 4.1% compared to the previous month and up 9.0% compared to the same period last year. In the first 11 months of 2024, the total preliminary import and export turnover of goods reached 715.55 billion USD, up 15.4% over the same period last year, of which exports increased by 14.4%; imports increased by 16.4%.
Specifically, the preliminary export turnover of goods in the first 11 months of 2024 reached 369.93 billion USD, up 14.4% over the same period last year, of which the domestic economic sector reached 103.88 billion USD, up 20.0%, accounting for 28.1% of the total export turnover; The foreign-invested sector (including crude oil) reached 266.05 billion USD, up 12.4%, accounting for 71.9%.
Meanwhile, the preliminary import turnover of goods reached 345.62 billion USD, up 16.4% over the same period last year, of which the domestic economic sector reached 126.05 billion USD, up 18.5%; the foreign-invested sector reached 219.57 billion USD, up 15.2%.
Notably, although the import growth rate was stronger than that of exports, the trade balance in the first 11 months of this year still had a trade surplus of 24.31 billion USD. In the import structure, imports of production materials accounted for 93.7%, and imports of consumer goods accounted for 6.3%. Imports increased more than exports, showing that businesses are boosting imports to prepare for production and export plans in December 2024 and the first months of 2025.
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