Over the years, Vietnam 's import and export of goods has made strong progress in terms of scale and speed. Vietnam's total import and export value in 20 years (from 2002 to 2021) has reached USD 5.146 billion. In which, in just 10 years from 2012 to 2021, the total import and export value of our country reached 4.110 billion USD, nearly 4 times higher than the import and export of the previous 10 years combined.

Time to record the record milestones of Vietnam's import and export of goods from 2007 to 2022

With the close and drastic direction of the Government, close and active coordination between ministries and branches, including the Ministry of Industry and Trade , industry associations, provinces and cities, and efforts With the unremitting efforts of the business community, over the past 2 decades, Vietnam's import and export of goods has continuously reached the following record milestones:

2001 was the first year of the 21st century when the total import and export value of Vietnam was only a modest figure of more than 30 billion USD. After 6 years, in 2007, the total import-export value of the country reached 100 billion USD, after Vietnam became an official member of the World Trade Organization.

Four years later, in 2011, the total import-export value doubled, reaching 200 billion USD. In the next 4 years, by 2015, Vietnam's import and export also reached the milestone of 300 billion USD.

The milestone of USD 400 billion of import and export of goods was recorded in mid-December 2017, the milestone of USD 500 billion was recorded in mid-December 2019, and the milestone of USD 600 billion was recorded on November 30 / 2019. 2021. A new milestone of $ 700 billion will be recorded on December 15, 2022 (as of December 14, 2022, the import and export value is $ 698.5 billion).

According to the World Trade Organization's announcement, in 2006, Vietnam's economy was ranked 50th in the world in terms of commodity exports and 44th in terms of goods imports. After more than 10 years, by 2018, Vietnam has made an impressive increase, ranking 26th in export and 23rd in import. Accordingly, Vietnam is continuously in the group of 30 countries and territories with the largest import and export value on a global scale.

With the recent ranking in 2021, the World Trade Organization has recorded that Vietnam's exports ranked 23rd in the world and Vietnam's imports ranked 20th in the world. In ASEAN, Vietnam's goods exports have the second position (after Singapore) and Vietnam's goods imports have the second position (only after Singapore).

With the impressive import and export results recorded in 2022, our country's import and export rank can be improved on a global scale.

In parallel with import and export figures, Vietnam's merchandise trade balance achieved a continuous surplus (surplus) after a long period of deficit (trade deficit). From 2011 onward, Vietnam's balance of trade in goods was always in a state of deficit, lasting continuously, the trade deficit amounted to billions of USD, reaching a peak of 18.02 billion USD recorded in the year. 2008.

But from 2012 to now, our country's merchandise trade balance has changed direction, turning to a continuous surplus (except in 2015, with a deficit of 3.55 billion USD). In 2020, our country's trade balance of goods reached a record with a surplus of 19.94 billion USD.

By the end of 2021, the trade surplus decreased sharply, to only 3.32 billion USD. In the 11 months from the beginning of 2022, with the increase in the scale of exports higher than imports, the trade balance surplus increased again, reaching 10.68 billion USD.

In the first 11 months of 2022, the total import and export value of foreign direct investment (FDI) enterprises reached US$468.7 billion, up 12.1% over the same period in 2021.

For many years, the United States has always been the largest export market and China is the largest import market of Vietnam's goods. From the beginning of the year to the end of the 11th month of 2022, the export of goods to the US market reached 101 billion USD, up 17.7% (equivalent to 15.2 billion USD) over the same period in 2021.

In the opposite direction, imports of goods of Chinese origin reached USD 109.46 billion, up 10% (equivalent to USD 9.93 billion). Thus, exports to the United States and imports originating from China in the 11 months of 2022 both exceeded the threshold of USD 100 billion, reaching an all-time record.