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Vietnam had a trade surplus of over 5.1 billion USD in the first nearly two months of 2024

In just the first nearly 2 months of 2024, the total value of imports and exports of goods nationwide reached 82.56 billion USD, up 17.1% compared to the same period in 2023.

Vietnam's trade balance is still tilted towards a trade surplus of over 5.1 billion USD. Compared to the same period in 2023, goods exports increased by 21.6% (reaching nearly 43.83 billion USD), and imports increased by 12.4% (reaching 38.73 billion USD).

Vietnam's primary export commodities are phones, parts, and components, which currently have the most significant export value of 282.8 million USD, accounting for 38.7% of the total export value during the Giap Thinh Lunar New Year. Next is computers, electronic products, and parts, accounting for 36.1% (reaching 263.6 million USD), machinery and equipment group accounting for 7.5% (reaching 54.4 million USD), etc. Vietnam's goods are exported to 77 countries and territories, of which the United States is the largest market with a total export value reaching 220.7 million USD, followed by the Chinese market with 186.9 million USD, the South Korean market reaching 71.2 million USD,...

trade surplus 2024
The import-export situation has improved at the beginning of 2024

Also, Vietnamese businesses were actively importing goods from 59 countries during the Lunar New Year 2024 holiday. In particular, goods originating from South Korea accounted for the highest proportion of 35.2% of the total import value during the Lunar New Year (accounting for nearly 239 million USD), followed by goods originating from China accounting for 29% (around 196.7 million USD), followed by goods originating from Cambodia with 6% (accounting for 41.3 million USD).

The Import-Export Department also assessed that in 2024, goods exports will still face many challenges due to the resurgence of deglobalization trends and protectionist policies reappearing in many countries in different forms. In addition, developed countries are increasingly concerned about consumer safety, sustainable development, and combating climate change, thereby setting stringent standards and new regulations for imported products. However, with the continuous innovation and constant learning of Vietnamese businesses, 2024 promises to be a year of more prosperity and success.

Author: InterLOG editor
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