(MPI) - According to data announced by the General Statistics Office, Ministry of Planning and Investment on January 6, 2025, for the whole year of 2024, the total import and export turnover of goods will reach 786.29 billion USD, an increase of 15.4% over the previous year.
In December 2024, the total import and export turnover of goods reached 70.53 billion USD, up 6.2% over the previous month and up 15.9% over the same period last year.
In 2024, the total import and export turnover of goods reached 786.29 billion USD, an increase of 15.4% over the previous year, of which exports increased by 14.3%; imports increased by 16.7%. The trade balance of goods had a surplus of 24.77 billion USD.
Export turnover of goods reaches 405.53 billion USD in 2024
Specifically, the export turnover of goods in December 2024 reached 35.53 billion USD, up 5.3% over the previous month. Of which, the domestic economic sector reached 10.68 billion USD, up 8.5%; the foreign-invested sector (including crude oil) reached 24.85 billion USD, up 4.0%.
Compared to the same period last year, the export turnover of goods in December increased by 12.8%, of which the domestic economic sector increased by 17.6%, the foreign-invested sector (including crude oil) increased by 10.9%.
In the fourth quarter of 2024, export turnover reached 105.9 billion USD, up 11.5% over the same period last year and down 2.5% compared to the third quarter of 2024.
In 2024, the total export turnover of goods reached 405.53 billion USD, up 14.3% over the previous year. Of which, the domestic economic sector reached 114.59 billion USD, up 19.8%, accounting for 28.3% of the total export turnover; the foreign-invested sector (including crude oil) reached 290.94 billion USD, up 12.3%, accounting for 71.7%.
In 2024, there will be 37 items with export turnover of over 1 billion USD, accounting for 94.3% of total export turnover (there are 8 items with export turnover of over 10 billion USD, accounting for 69.0%).
Regarding the structure of export goods in 2024, the preliminary group of fuel and mineral goods reached 4.24 billion USD, accounting for 1.0%; the group of processed industrial goods reached 356.74 billion USD, accounting for 88.0%; the group of agricultural and forestry products reached 34.51 billion USD, accounting for 8.5%; the group of aquatic products reached 10.04 billion USD, accounting for 2.5%.
Import turnover of goods in 2024 reaches 380.76 billion USD
Import turnover of goods in December 2024 reached 35.01 billion USD, up 7.2% over the previous month. Of which, the domestic economic sector reached 14.0 billion USD, up 13.1%; the foreign-invested sector reached 21.01 billion USD, up 3.5%. Compared to the same period last year, import turnover of goods in December increased by 19.2%, of which the domestic economic sector increased by 27.7%; the foreign-invested sector increased by 14.2%.
In the fourth quarter of 2024, import turnover reached 101.9 billion USD, up 14.9% over the same period last year and up 2.2% over the third quarter of 2024.
In 2024, the total import turnover of goods reached 380.76 billion USD, up 16.7% over the previous year, of which the domestic economic sector reached 140.11 billion USD, up 19.5%; the foreign-invested sector reached 240.65 billion USD, up 15.1%.
In 2024, there will be 46 imported items with a value of over 1 billion USD, accounting for 93.1% of total import turnover (there are 6 imported items with a value of over 10 billion USD, accounting for 54.0%).
Regarding the structure of imported goods in 2024, the preliminary group of production materials will reach 356.43 billion USD, accounting for 93.6%, of which the group of machinery, equipment, tools and spare parts will account for 47.4%; the group of raw materials, fuels and materials will account for 46.2%. The group of consumer goods will reach 24.33 billion USD, accounting for 6.4%.
Regarding the import and export market of goods in 2024, the United States is Vietnam's largest export market with a turnover of 119.6 billion USD. China is Vietnam's largest import market with a turnover of 144.3 billion USD.
In 2024, the trade surplus with the US will reach 104.6 billion USD, up 25.6% over the previous year; the trade surplus with the EU will be 35.4 billion USD, up 23.2%; the trade surplus with Japan will be 3.2 billion USD, up 91.9%; the trade deficit with China will be 83.7 billion USD, up 69.5%; the trade deficit with South Korea will be 30.7 billion USD, up 5.9%; the trade deficit with ASEAN will be 9.9 billion USD, up 18.9%.
According to preliminary data, the trade balance of goods in December 2024 had a trade surplus of 0.52 billion USD. For the whole year of 2024, the trade balance of goods had a trade surplus of 24.77 billion USD (the previous year had a trade surplus of 28.4 billion USD). Of which, the domestic economic sector had a trade deficit of 25.52 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 50.29 billion USD.
Service trade deficit in 2024 reaches 12.34 billion USD
In the fourth quarter of 2024, service export turnover is estimated at 6.56 billion USD, up 16.2% over the same period last year and up 10.5% over the previous quarter; service import turnover is estimated at 9.57 billion USD, up 18.4% over the same period last year and up 25.9% over the previous quarter.
In 2024, the total export turnover of services is estimated at 23.85 billion USD, up 17.7% over the previous year, of which tourism services reached 12.19 billion USD (accounting for 51.1% of total turnover), up 33.1%; transportation services reached 6.52 billion USD (accounting for 27.3%), up 5.2%.
The total import turnover of services in 2024 is estimated at 36.19 billion USD (of which the transportation and insurance service fees for imported goods are 12.07 billion USD), up 24.4% over the previous year, of which transportation services reached 14.6 billion USD (accounting for 40.3% of the total turnover), up 16.0%; tourism services reached 12.57 billion USD (accounting for 34.7%), up 60.6%.
The trade balance of services in 2024 will have a trade deficit of 12.34 billion USD./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-1-6/Tong-kim-ngach-xuat-nhap-khau-cua-Viet-Nam-nam-202yk2j95.aspx
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