According to the General Department of Customs, in January 2024, Vietnam’s import value reached $30.9 billion, an increase of $7.9 billion compared to the same period last year due to more working days. In particular, Vietnam’s imports increased the most in the group of computers, electronic products, and components, reaching $8.56 billion, an increase of $2 billion.
Seven markets with import value over $1 billion in the first month of 2024 (Illustrative image)
In addition, the amount of imports in the fuel group (coal, crude oil, various types of gasoline and diesel, and liquefied petroleum gas) reached 7.51 million tons, valued at $2.28 billion, an increase of 90% in volume and 11.7% in value.
In terms of markets, among the seven markets and groups of markets with import turnover over $1 billion in January 2024, China continues to be the largest market.
Specifically, goods imported from China reached $11.88 billion, a strong increase of 65% compared to the same period last year.
Imports from this market increased mainly in groups of goods such as Machinery, equipment, spare parts; computers, electronic products and components; iron and steel and products (these three groups of goods increased by $2.81 billion).
Notably, the Chinese market alone accounted for 60% of the total increase in the country’s imports in January 2024.
The remaining billion-dollar import markets in Vietnam are: South Korea reached $4.19 billion, an increase of 7.3%; ASEAN reached $3.62 billion, an increase of 20.2%; Japan reached $1.95 billion, an increase of 16.4%; Taiwan (China) reached $1.94 billion, an increase of 32%; EU reached $1.31 billion, an increase of 28.3%; the United States reached $1.24 billion, an increase of 33% compared to the same period last year.
