In January 2024, Vietnam had a trade surplus of 0.38 billion USD.

On the morning of January 29, the General Statistics Office ( Ministry of Planning and Investment ) announced the socio-economic situation in January 2024, accordingly, from January 1 to 15, the total import and export turnover of goods reached 29.78 billion USD, up 5.4% over the same period last year, of which exports reached 15.08 billion USD, up 4.1%; imports reached 14.70 billion USD, up 6.8%; the trade balance of goods had a trade surplus of 0.38 billion USD.

In January 2024, Vietnam had a trade surplus of 0.38 billion USD, lower than the same period in 2023 with 0.78 billion USD.

Of the total export turnover of 15.08 billion USD, according to calculations by the General Statistics Office, the domestic economic sector reached 4.02 billion USD, up 10.4% over the same period last year and accounting for 26.7% of total export turnover; the foreign-invested sector, including crude oil exports, reached 11.06 billion USD, up 1.9% over the same period in 2023, accounting for 73.3% of total export turnover.

As of January 15, 2024, there were 4 items with export turnover of over 1 billion USD, accounting for 53.2% of total export turnover. Including: Phones and components reached 2.861 billion USD, up 6.7% over the same period last year; Electronics, computers and components 2.246 billion USD, up 22.1%; Other machinery, equipment, tools and spare parts 1.634 billion USD, down 4.6% and textiles and garments 1.290 billion USD, down 17.8%.

Regarding the structure of export goods, according to the General Statistics Office, the group of fuel and minerals initially reached 108 million USD, accounting for 0.7%; the group of processed industrial goods reached 13.35 billion USD, accounting for 88.5%; the group of agricultural and forestry products reached 1.3 billion USD, accounting for 8.7%; the group of aquatic products reached 318 million USD, accounting for 2.1%.

Foreign-invested sector, including crude oil, had a trade surplus of 1.57 billion USD in January 2024 (Illustration photo)

According to the General Statistics Office, as of January 15, 2024, the preliminary import turnover of goods reached 14.7 billion USD, up 6.8% over the same period last year. Of which, the domestic economic sector reached 5.22 billion USD, up 19.1%, accounting for 35.5% of total import turnover; the foreign-invested sector reached 9.48 billion USD, up 1.1%, accounting for 64.5%.

As of January 15, 2024, there were 2 items with import turnover of over 1 billion USD, accounting for 42.1% of total import turnover, including: Electronics, computers and components with 4.267 billion USD, up 9.2% over the same period last year; Other machinery, equipment, tools and spare parts 1.919 billion USD, up 15.2%.

Thus, although also "present" in the 4 groups of billion-dollar export items, but compared to the import figures, Electronics, computers and components still have a trade deficit of more than 2 billion USD and other machinery, equipment, tools and spare parts have a trade deficit of nearly 300 million USD.

The preliminary trade balance of goods in the first period of January 2024 was a trade surplus of 0.38 billion USD (the same period last year had a trade surplus of 0.73 billion USD). Of which, the domestic economic sector had a trade deficit of 1.19 billion USD; the foreign-invested sector, including crude oil, had a trade surplus of 1.57 billion USD.

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