Total import-export turnover in October reached an estimated $122.03 billion, up 3.7% from the previous month and 47.4% year on year, according to the National Statistics Office's socio-economic report released on Tuesday.

Exports during the month amounted to $64.67 billion, up 8.7% month-on-month and 51.4% year-on-year, while imports in totaled $57.36 billion, down 1.4% month-on-month but up 43.1% from a year ago.

Over the first 10 months of this year, total trade turnover reached $1.01 trillion, up 32.3% year on year, exceeding the $1-trillion mark for the first time.

Exports rose 27.5% while imports increased 37.4%, resulting in a trade deficit of $12.07 billion.

Containers seen at Cat Lai Terminal in HCMC, Feb. 4, 2026. Photo by VnExpress/Thanh Tung

Exports in the 10-month period amounted to $499.24 billion, with domestic businesses contributing $93.93 billion, up 8.2%, and foreign-invested enterprises $405.31 billion, up 33%.

Some 37 export products generated over $1 billion each, accounting for 94.9% of total exports, including eight products that exceeded $10 billion, which made up 73.4%.

Processing products dominated exports at $452.74 billion, or 90.7%, followed by agricultural and forestry products at $33.48 billion (6.7%), seafood at $10.36 billion (2.1%), and fuels and minerals at $2.66 billion (0.5%).

Imports in the first 10 months were worth $511.31 billion. Production materials accounted for $481.03 billion, or 94.1%, while consumer goods made up the remaining 5.9%.

Vietnam posted trade surpluses of $40.84 billion with the EU and $3.42 billion with Japan, up 26.8% and 110.4% from a year ago, respectively. Meanwhile, it recorded deficits of $134.94 billion with China, $48.63 billion with South Korea and $16.93 billion with ASEAN.

The Ministry of Industry and Trade plans to accelerate exports, diversify markets and improve compliance capacity, focusing on making better use of signed free trade agreements, expanding into new markets, and strengthening early warnings of trade defence cases, tariff barriers, green standards, traceability and rules of origin.

It will also support businesses in improving product quality, developing brands and ensuring supply chain transparency, while promoting official export channels, expanding agricultural quarantine agreements, investing in cold-chain logistics infrastructure, and standardizing growing areas and packing facilities to meet partner markets' requirements.