Vietnam’s exports bring in over $15 billion in the first half of January

Vietnam's exports in the first month of January 2024 reached nearly $15.09 billion, a decrease of 7.5% (equivalent to a $1.23 billion decrease in absolute terms) compared to the second month of December 2023.

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The latest preliminary statistics from the General Department of Customs show that the total value of Vietnam’s imports and exports of goods in the first 15 days of 2024 (from January 1st to January 15th, 2024) reached 29.79 billion USD, a slight decrease of 0.6% (equivalent to a decrease of 189 million USD) compared to the performance in the second half of December 2023.

Compared to the same period in 2023, imports and exports in the first 15 days of January 2024 increased by 4.3%, equivalent to an increase of 1.24 billion USD. Specifically, exports increased by 3.3%, equivalent to an increase of 488 million USD; imports increased by 5.4%, equivalent to an increase of 752 million USD.

During the first 15 days of 2024, the total value of imports and exports of foreign direct investment (FDI) enterprises reached 20.49 billion USD, an increase of 0.9% (equivalent to an increase of 174 million USD) compared to the same period in 2023; the value of imports and exports of domestic enterprises was 9.3 billion USD, an increase of 12.7% (equivalent to an increase of 1.05 billion USD) compared to the same period in 2023. In the first month of 2024, Vietnam’s trade balance of goods surplus was 384 million USD.

Regarding exports, the General Department of Customs stated that the total value of Vietnam’s goods exports in the first month of 2024 reached nearly 15.09 billion USD, a decrease of 7.5% (equivalent to a decrease of 1.23 billion USD in absolute terms) compared to the second month of December 2023.

The value of goods exports in the first half of January 2024 decreased compared to the second half of December 2023 in some commodity groups: computers, electronic products & components decreased by 923 million USD, equivalent to a decrease of 29.1%; machinery, equipment, tools & other parts decreased by 330 million USD, equivalent to a decrease of 16.8%; textile and apparel decreased by 261 million USD, equivalent to a decrease of 16.8%…

The statistical data from the General Department of Customs also shows that the value of goods exports of foreign direct investment (FDI) enterprises in the first month of January 2024 reached over 11 billion USD, a decrease of 5.1%, equivalent to a decrease of 593 million USD compared to the second half of December 2023, and an increase of 1.6%, equivalent to an increase of 174 million USD compared to January 2023, accounting for 72.9% of the total value of the country’s exports.

Regarding imports, according to the customs statistics, the total value of Vietnam’s goods imports in the first month of January 2024 reached 14.7 billion USD, an increase of 7.6% (equivalent to an increase of 1.04 billion USD in absolute terms) compared to the performance in the second half of December 2023.

The value of goods imports in the first half of January 2024 increased compared to the second half of December 2023 mainly in some commodity groups: computers, electronic products & components increased by 508 million USD, equivalent to an increase of 13.5%; phones of all kinds and components increased by 112 million USD, equivalent to an increase of 32.1%; iron and steel of all kinds increased by 104 million USD, equivalent to an increase of 24.8%…

The value of goods imports of FDI enterprises in this period reached 9.48 billion USD, an increase of 12.5% (equivalent to an increase of 1.06 billion USD) compared to the second half of December 2023, and an increase of 0.2% (equivalent to an increase of 16 million USD) compared to the first half of January 2023, accounting for 64.5% of the country’s total imports.

SOURCEcafef
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