According to the General Statistics Office, the import and export turnover of goods in April 2024 is estimated to reach 61.20 billion USD, a decrease of 5.2% compared to the previous month and an increase of 15% compared to the same period last year.
In the first four months of 2024, the total import and export turnover of goods reached 238.88 billion USD, an increase of 15.2% compared to the same period last year, of which exports increased by 15% and imports increased by 15.4%.
Specifically, in terms of exports, in April 2024, it is estimated to reach 30.94 billion USD, a decrease of 8.1% compared to the previous month. In which, the domestic economic sector reached 8.73 billion USD, down 6%; the foreign investment sector (including crude oil) reached 22.21 billion USD, down 8.9%.
Compared to the same period last year, the export turnover of goods in April 2024 increased by 10.6%, in which the domestic economic sector increased by 11.8%, and the foreign investment sector (including crude oil) increased by 10.1%.
In the first four months of 2024, the export turnover of goods is estimated to reach 123.64 billion USD, an increase of 15% compared to the same period last year. In which, the domestic economic sector reached 33.62 billion USD, an increase of 21%, accounting for 27.2% of the total export turnover; the foreign investment sector (including crude oil) reached 90.02 billion USD, an increase of 12.9%, accounting for 72.8%.
In the first four months of 2024, there were 21 items with export turnover exceeding 1 billion USD, accounting for 86.4% of the total export turnover (5 items had export turnover exceeding 5 billion USD, accounting for 57.8%).
Source: General Statistics Office.
Regarding the structure of export product groups in the first four months of 2024, the fuel and minerals group is estimated to reach 1.73 billion USD, accounting for 1.4%; the processed industrial goods group is estimated to reach 108.27 billion USD, accounting for 87.5%; the agricultural, forestry and fishery products group is estimated to reach 10.96 billion USD, accounting for 8.9%; the seafood group is estimated to reach 2.68 billion USD, accounting for 2.2%.
Conversely, the import turnover of goods in April 2024 is estimated to reach 30.26 billion USD, a decrease of 2% compared to the previous month. In which, the domestic economic sector reached 11.21 billion USD, down 3.1%; the foreign investment sector reached 19.05 billion USD, down 1.4%.
Compared to the same period last year, the import turnover of goods in April 2024 increased by 19.9%, in which the domestic economic sector increased by 24.2%; the foreign investment sector increased by 17.5%.
In the first four months of 2024, the import turnover of goods is estimated to reach 115.24 billion USD, an increase of 15.4% compared to the same period last year, in which the domestic economic sector reached 41.86 billion USD, an increase of 19.7 %; the foreign investment sector reached 73.38 billion USD, an increase of 13.1%.
In the first four months of 2024, there were 20 imported items with a value of over 1 billion USD, accounting for 78.9% of the total import turnover (2 imported items were over 5 billion USD, accounting for 39.4%).
Source: General Statistics Office.
Regarding the structure of imported product groups in the first four months of 2024, the production material group is estimated to reach 108.33 billion USD, accounting for 94%, in which the machinery, equipment, and spare parts group accounts for 45.7%; the raw materials, fuels, and materials group accounts for 48.3%. The consumer goods group is estimated to reach 6.91 billion USD, accounting for 6%.
Regarding the import and export market of goods in the first four months of 2024, the United States is the largest export market of Vietnam with an estimated turnover of 34.1 billion USD. China is the largest import market of Vietnam with an estimated turnover of 41.6 billion USD.
In the first four months of 2024, the trade surplus with the United States is estimated to reach 29.6 billion USD, an increase of 21.6% compared to the same period last year; trade surplus with the EU is estimated to reach 11.4 billion USD, an increase of 16.7%; trade surplus with Japan is 209 million USD, a decrease of 41.8%; trade deficit from China is 23.6 billion USD, an increase of 41.4%; trade deficit from Korea is 8.7 billion USD, an increase of 2.3%; trade deficit from ASEAN is 3.6 billion USD, an increase of 47.1%.
Source: General Statistics Office.
With the above results, the trade balance of goods in April 2024 is estimated to have a trade surplus of 0.68 billion USD. In the first four months of 2024, the trade balance of goods is estimated to have a trade surplus of 8.4 billion USD (in the same period last year, the trade surplus was 7.66 billion USD). In which, the domestic economic sector had a trade deficit of 8.24 billion USD; the foreign investment sector (including crude oil) had a trade surplus of 16.64 billion USD.
