Vietnam records decade-high trade surplus of $4.72B

Vietnam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, up 34% from the same period last year.

In the period, the country’s total import-export turnover is estimated at $113.96 billion, up 18.6% year-on-year, according to the General Statistics Office.

Specifically, exports are estimated at $24.8 billion in February, down 28.1% month-on-month, and 5% year-on-year; and at $59.34 billion in the first two months, up 19.2% year-on-year.

There are 11 commodities that recorded an export value of over $1 billion each, accounting for 75.1% of the total export revenue. Notably, four commodities see their export value surpassing $5 billion.

Meanwhile, imports are estimated at $23.72 billion in February, down 23.2% month-on-month, and at $54.62 billion in the first two months, up 18% year-on-year.

The US was Vietnam’s largest export market in the period, with an estimated turnover of $17.4 billion, up 33.7% year-on-year, while China was the country’s biggest import market with an estimated turnover of 20.9 billion USD, up 49.7% year-on-year.

(Source: https://e.vnexpress.net/)