AsemconnectVietnam - According to the General Department of Customs, in January of 2024, Vietnam's total export turnover of goods reached 34.53 billion USD, the highest level since August of 2022 and increased by 46%, equivalent to an increase of 10.89 billion USD over the same period last year.

In comparison to the same period last year, 44/45 main commodity groups increased (except crude oil, which decreased by 15.9%). In particular, the impressive growth came from industrial product groups, such as computers, electronic products and components increased by 68.3% (equivalent to an increase of 2.17 billion USD); machinery, equipment, tools, and spare parts increased by 38.7% (equivalent to an increase of 1.21 billion USD); textiles and garments increased by 39% (equivalent to an increase of 877 million USD); wood and wood products increased by 83.1% (equivalent to an increase of 667 million USD); footwear of all kinds increased by 43.8% (equivalent to an increase of 600 million USD).
Notably, there were 6 markets and market groups with a turnover of over 1 billion USD, of which the exports to the US market reached over 10 billion USD.
The exports to the United States and other key markets in the first month of the year recorded impressive growth.
Vietnam's goods exports to all markets and market areas with over 1 billion USD increased compared to the same period last year.
Specifically, the exports to the United States reached 10.05 billion USD, an increase of 64% (equivalent to an increase of 3.91 billion USD); to EU reached 4.6 billion USD, an increase of 40% (equivalent to an increase of 1.32 billion USD); to China reached 4.56 billion USD, an increase of 19% (equivalent to an increase of 714 million USD); to ASEAN reached 3.2 billion USD, an increase of 47% (equivalent to an increase of 1.02 billion USD); to South Korea reached 2.34 billion USD, an increase of 38% (equivalent to an increase of 646 million USD) and to Japan reached 2.23 billion USD, an increase of 45% (equivalent to an increase of 690 million USD).
In terms of total trade turnover, the United States ranked second after China, but in terms of exports alone, the world's largest economy has for many years been Vietnam's largest export market.
Vietnam's imports of goods in January of 2024
In the first month of 2024, there were 7 markets and market groups with a turnover of 1 billion USD or more.
According to the General Department of Customs, in January of 2024, Vietnam's import value of goods reached 30.9 billion USD, an increase of 7.9 billion USD over the same period last year, due to more working days.
The total imports of goods reached a value of over 1 billion USD in the first month of 2024
In January of 2024, Vietnam increased imports the most in the group of computers, electronic products and components, reaching 8.56 billion USD, an increase of 2 billion USD.
In addition, the amount of imported fuel (coal, crude oil, petroleum of all kinds and liquefied petroleum gas) reached 7.51 million tonnes, worth of 2.28 billion USD, an increase of 90% in volume and an increase of 11.7% in value.
Regarding markets, among the 7 import markets and market groups with a turnover of over 1 billion USD in January of 2024, China continued to be the largest market.
Specifically, the import turnover of goods from China amounted to 11.88 billion USD, a sharp increase of 65% over the same period last year.
The imports of goods from this market increased sharply mainly from product groups such as machinery, equipment, spare parts; computers, electronic products and components; iron and steel of all kinds and products (the imports of these three product groups increased by 2.81 billion USD).
Notably, the Chinese market alone accounted for 60% of the country's total increased import turnover in January of 2024.
The remaining billion-dollar import markets in Vietnam included South Korea reaching 4.19 billion USD, up by 7.3%; ASEAN reached 3.62 billion USD, up by 20.2%; Japan reached 1.95 billion USD, up by 16.4%; Taiwan (China) reached 1.94 billion USD, up by 32%; EU reached 1.31 billion USD, up by 28.3%; the United States reached 1.24 billion USD, up by 33% over the same period last year.
CK
Source: VITIC/ haiquanonline.com.vn