According to figures recently released by the General Statistics Office, in the first four months of 2024, Vietnam’s merchandise trade balance is estimated to have a trade surplus of 8.4 billion USD (in the same period last year, there was a trade surplus of 7.66 billion USD).
In which, the domestic economic sector has a trade deficit of 8.24 billion USD; the foreign-invested sector (including crude oil) has a trade surplus of 16.64 billion USD.
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The General Statistics Office said that in the first 4 months of this year, the US was Vietnam’s largest export market with an estimated turnover reaching 34.1 billion USD. China was Vietnam’s largest import market with an estimated turnover of 41.6 billion USD.
In the first four months of 2024, the trade surplus to the US is estimated at 29.6 billion USD, up 21.6% compared to the same period last year; trade surplus to the EU is estimated at 11.4 billion USD, up 16.7%; trade surplus to Japan is 209 million USD, down 41.8%.
Vietnam’s imports from China were 23.6 billion USD, up 41.4%; from South Korea were 8.7 billion USD, up 2.3%; from ASEAN were 3.6 billion USD, up 47.1%.
Source: General Statistics Office
The import value of goods in the first four months of 2024 is estimated at 115.24 billion USD, up 15.4% over the same period last year.
In the first four months of this year, the export value of goods is estimated at 123.64 billion USD, up 15% over the same period last year. Notably, there are 21 items with an export value of over 1 billion USD, accounting for 86.4% of the total export turnover (there are 5 items with an export value of over 5 billion USD, accounting for 57.8%).
