Vietnam's Jan-Feb exports up 19.2% YoY; imports rise 18% YoY

03 Mar '24

1 min read

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Vietnam's foreign trade was worth an estimated $113.96 billion in the first two months this year—a rise of 18.6 per cent YoY.
The country earned $59.34 billion from exports during the period—up by 19.2 per cent YoY, and spent $54.62 billion on imports—a rise of 18 per cent YoY.
The trade surplus during that two-month period was $4.72 billion.

Vietnam’s foreign trade was worth an estimated $113.96 billion in the first two months this year—a year-on-year (YoY) rise of 18.6 per cent.

The country earned $59.34 billion from exports during the period—up by 19.2 per cent YoY, data from the general department of customs show.

Eleven commodities saw export turnovers worth $1 billion each, cumulatively accounting for 75.1 per cent of the total export value, a domestic media outlet reported.

The country spent $54.62 billion on imports during the two-month period—a rise of 18 per cent YoY. The United States was the biggest importer ($17.4 billion) of Vietnamese goods, while China was Vietnam's largest import market ($20.9 billion).

Vietnam’s trade surplus during that two-month period was $4.72 billion, including $15.2 billion with the United States, $5.3 billion with the European Union and $0.4 billion with Japan.

Fibre2Fashion News Desk (DS)

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