According to data from the General Statistics Office, in the first four months of 2024, the total import-export turnover of goods reached USD 238.88 billion, an increase of 15.2% over the same period last year, of which exports increased by 15%; imports increased by 15.4%.

Export turnover of goods in April 2024 is estimated to reach USD 30.94 billion, a decrease of 8.1% over the previous month and an increase of 10.6% over the same period last year. In the first four months of 2024, export turnover of goods is estimated to reach USD 123.64 billion, an increase of 15% over the same period last year.

The whole country recorded 21 items with export turnover of over USD 1 billion, accounting for 86.4% of total export turnover, of which, 5 export items with export turnover of over USD 5 billion, accounting for 57.8%. Regarding the structure of export commodity groups, in the first four months of 2024, the group of processed industrial goods is estimated to reach USD 108.27 billion, accounting for 87.5%.

Exports to major markets such as the US, EU, and China all gained double-digit growth. Of which, the United States is Vietnam's largest export market with an estimated turnover of USD 34.1 billion, an increase of 19.1% over the same period in 2023. Exports to China reached USD 18 billion, an increase of 14.1% over the same period in 2023. 4%; Exports to the EU market reached USD 16.4 billion, an increase of 15%; Exports to the Korean market reached USD 8.4 billion, an increase of 10.2%.

In the opposite direction, the import turnover of goods in April 2024 is estimated at USD 30.26 billion, decreased by 2% over the previous month and increased by 19.9% over the same period last year. In the first four months of 2024, import turnover is estimated at USD 115.24 billion, an increase of 15.4% over the same period last year.

In the past 4 months, there were 20 imported products with worth over USD 1 billion, accounting for 78.9% of total import turnover. Imports of capital goods are estimated at USD 108.33 billion, accounting for 94%. China is Vietnam's largest import market for goods with an estimated turnover of USD 41.6 billion.

Overall, in the first 4 months of 2024, the trade balance of goods is estimated to have a trade surplus of USD 8.4 billion (the same period last year had a trade surplus of USD 7.66 billion).

The United States, China and Japan continue to be the three largest import markets of Vietnam's agricultural, forestry and fishery products. Of which, China ranked second, accounting for 18.9% of total agricultural, forestry and fishery export turnover, an increase of 15.1% over the same period in 2023.

Kylie Nguyen