Vietnam's trade surplus hits $8.4 bn in Jan-Apr 2024: Govt

01 May '24

2 min read

Vietnam's trade surplus hits $8.4 bn in Jan-Apr 2024: Govt

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Vietnam's trade surplus hit $8.4 billion between January and April, higher than the $7.66 billion recorded in the same period last year.
Its import-export revenue reached $238.88 billion in the period.
Its total exports in the period were worth $123.64 billion—a YoY rise of 15 per cent, while its imports were worth $115.24 billion—up by 15.4 per cent YoY.

Vietnam's trade surplus hit $8.4 billion in the first four months this year, higher than the $7.66 billion recorded in the same period last year. Its import-export revenue reached $238.88 billion during the period, according to the general statistics office (GSO).

Its exports in April were an estimated $30.94 billion—up by 10.6 per cent YoY, pushing the value of total exports in the first four months this year to $123.64 billion—a YoY increase of 15 per cent.

The domestic sector contributed $33.62 billion to exports, while the foreign direct investment (FDI) sector $90.02 billion.

Exports of processed products were estimated at $108.27 billion, accounting for 87.5 per cent of the total, a Vietnamese news agency reported.

Exports to the United States generated a revenue of $34.1 billion, followed by those to China ($18 billion) and the European Union ($16.4 billion).

Vietnam imported $30.26 billion worth of products in April—a rise of 19.9 per cent YoY, pushing the total import value in the January-April period to $115.24 billion—up by 15.4 per cent YoY.

Imports of the domestic sector were worth $41.86 billion, while that of the foreign-invested sector was $73.38 billion.

Imports from China were worth $41.6 billion and from South Korea $17.1 billion.

Vietnam also imported $15.6 billion worth of goods from members countries of the Association of Southeast Asian Nations (ASEAN) during the four-month period.

Fibre2Fashion News Desk (DS)

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