Total import-export turnover in the first two months of the year is estimated at 113.96 billion USD.

(HQ Online) - In February 2024, the total import and export turnover of goods is estimated at 48.54 billion USD, down 25.8% compared to the previous month and down 1.8% compared to the same period last year.

According to the General Statistics Office, in the first two months of 2024, the total import and export turnover of goods is estimated at 113.96 billion USD, up 18.6% over the same period last year, of which exports increased by 19.2%; imports increased by 18%. The trade balance of goods had a surplus of 4.72 billion USD.

Regarding exports, the export turnover of goods in February 2024 is estimated at 24.82 billion USD, down 28.1% compared to the previous month. Compared to the same period last year, the export turnover of goods in February decreased by 5%.

In the first two months of 2024, the total export turnover of goods is estimated at 59.34 billion USD, up 19.2% over the same period last year. Of which, the domestic economic sector reached 16.14 billion USD, up 33.3%, accounting for 27.2% of the total export turnover; the foreign-invested sector (including crude oil) reached 43.2 billion USD, up 14.7%, accounting for 72.8%.

In the first two months of 2024, there were 11 items with export turnover of over 1 billion USD, accounting for 75.1% of total export turnover (there were 4 items with export turnover of over 5 billion USD, accounting for 52.5%).

Regarding the structure of export goods, the fuel and mineral group is estimated at 0.59 billion USD; the processed industrial goods group is estimated at 52.45 billion USD; the agricultural and forestry products group is estimated at 5 billion USD; and the aquatic products group is estimated at 1.3 billion USD.

Doanh nghiệp Việt Nam nỗ lực cải tiến, đầu tư để nâng cao chất lượng sản phẩm, tìm cơ hội mở rộng thị trường xuất khẩu.Ảnh: H.Dịu

Regarding the structure of imported goods, the leading group is production materials, estimated at 51.47 billion USD, accounting for 94.2% . Illustration photo: H.Dieu

On the other hand, the import turnover of goods in February 2024 is estimated at 23.72 billion USD, down 23.2% compared to the previous month. Compared to the same period last year, the import turnover of goods in February increased by 1.8%, of which the domestic economic sector increased by 5.4%; the foreign-invested sector decreased by 0.1%.

In the first two months of 2024, the total import turnover of goods is estimated at 54.62 billion USD, up 18% over the same period last year, of which the domestic economic sector reached 19.67 billion USD, and the foreign-invested sector reached 34.95 billion USD.

In the first two months of 2024, there were 13 imported items with a value of over 1 billion USD, accounting for 71% of total import turnover (there were 2 imported items with a value of over 5 billion USD, accounting for 41.3%).

Regarding the structure of imported goods, the leading group is production materials, estimated at 51.47 billion USD, accounting for 94.2%.

Regarding the import and export market, the United States is Vietnam's largest export market with an estimated turnover of 17.4 billion USD. China is Vietnam's largest import market with an estimated turnover of 20.9 billion USD.

In the first two months of 2024, the trade surplus with the US is estimated at 15.2 billion USD, up 36.6% over the same period last year; the trade surplus with the EU is estimated at 5.3 billion USD, up 13.9%; the trade surplus with Japan is 0.4 billion USD (in the same period last year, the trade deficit was 0.2 billion USD); the trade deficit with China is 12.8 billion USD, up 98.2%; the trade deficit with South Korea is 3.7 billion USD, down 4.3%; the trade deficit with ASEAN is 1 billion USD, down 21.9%.

The preliminary trade balance of goods in February is estimated to have a trade surplus of 1.1 billion USD. In the first two months of 2024, the trade balance of goods is estimated to have a trade surplus of 4.72 billion USD (the same period last year had a trade surplus of 3.5 billion USD). Of which, the domestic economic sector had a trade deficit of 3.53 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 8.25 billion USD.

Source