Trade surplus with record high surplus, the whole year is about 26 billion USD. Import and export reach 650 billion USD, trade surplus over 25 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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