Vietnam's trade surplus $4.72 bn, exim turnover $113.96 bn in Jan-Feb
01 Mar 24 1 min read
Insights
- Vietnam saw a trade surplus of $4.72 billion in January and February 2024—higher than $3.5 billion reported in the same period last year, the General Statistics Office said.
- The country's exports were estimated at $59.34 billion in the first two months—up by 19.2 per cent YoY.
- Imports were estimated at $54.62 billion during the period up by 18 per cent YoY.
The country's import-export turnover was estimated at $113.96 billion during the two months—up by 18.6 per cent year on year (YoY).
Exports were estimated at $24.8 billion in February—down by 28.1 per cent month on month (MoM), and 5 per cent year on year; and at $59.34 billion in the first two months—up by 19.2 per cent YoY.
Eleven commodities recorded an export value of over $1 billion each, accounting for 75.1 per cent of the total export revenue. Four commodities saw their export value surpassing $5 billion, a domestic news agency reported.
Imports were estimated at $23.72 billion in February—down by 23.2 per cent MoM, and at $54.62 billion in the first two months—up by 18 per cent YoY.
The United States was the largest export market during the period, with an estimated turnover of $17.4 billion—up by 33.7 per cent YoY, while China was the country's biggest import market, with an estimated turnover of $20.9 billion—up by 49.7 per cent YoY.
Fibre2Fashion News Desk (DS)
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