General

According to the statistics of Vietnam Customs, in the first half of November 2022 (November 1-15), the total import and export of Vietnam's goods trade was 28.4 billion US dollars, down 6.3% from the second half of October (October 16-31).

According to the customs data, since September 2022, Vietnam's export of goods trade has gradually declined. The difficulties previously predicted are becoming reality, and the decline in exports is expected to continue until the beginning of 2023. According to the statistics of Vietnam Customs, in the first half of November 2022 (November 1-15), the total import and export of Vietnam's goods trade was 28.4 billion US dollars, down 6.3% from the second half of October (October 16-31), including 13.63 billion US dollars, down 16.7%. It is worth noting that the export of some major export commodities declined significantly. The export of computers, electronic products and parts decreased by 41.2%, the export of mechanical equipment, tools and parts decreased by 14.3%, the export of telephone and parts decreased by 10.9%, and the export of crude oil decreased by 49.2%. As the leading export force of Vietnam, the export of foreign-funded enterprises decreased significantly. According to customs data, the export in the first half of November was US $10.07 billion, down 18.1% from the second half of October.

According to customs data, Vietnam's exports of goods in September amounted to 29.82 billion US dollars, down 14.6% from August. The export value in October was 30.37 billion US dollars, a slight increase of 1.9% on a month on month basis. However, the first half of November saw a sharp drop of 16.7% compared with the second half of October. Relevant departments of the Vietnamese government believe that the main reason for the decline in exports is that the United States, Europe, Japan, South Korea and other major export countries have experienced high inflation and reduced market demand. In addition, regional and global geopolitical tensions and trade protectionism also have a great impact on Vietnam's exports.