AsemconnectVietnam - With the recovery of the world market and increased export orders, import and export activities in the first 4 months of the year have prospered and achieved positive results.

In the first 4 months of 2024, Vietnam had up to 21 items with export turnover of over 1 billion USD, accounting for 86.4% of total export turnover (there were 5 export items with export turnover of over 5 billion USD, accounting for 57.8% of total export turnover).
Overview of Vietnam's trade situation in April and the first 4 months of 2024
In April of 2024, the country’s total import-export turnover of goods was estimated to reach 61.20 billion USD, down by 5.2% over the previous month but up by 15% over the same period last year.
In the first 4 months of 2024, Vietnam's total import-export turnover of goods was estimated to reach 238.88 billion USD, up by 15.2% over the same period last year, of which exports increased by 15%; and imports increased by 15.4%.
The trade balance of goods had a surplus of 8.4 billion USD.
Regarding the exports of goods, in April of 2024, the country’s export turnover was estimated to reach 30.94 billion USD, down by 8.1% compared to the previous month. Overall, in the first 4 months of 2024, the country’s total export turnover was estimated to reach 123.64 billion USD, up by 15% over the same period last year.
In the first 4 months of 2024, there were 21 items with export turnover of over 1 billion USD, accounting for 86.4% of total export turnover (there were 5 export items with export turnover of over 5 billion USD, accounting for 57.8%).
Exports of Vietnam's key products in the first 4 months of 2024
In the first 4 months of 2024, the country’s exports grew strongly and evenly in all 3 product groups, including agricultural products, manufacturing and processing industries, and mineral fuels. Notably, the exports of industrial processing and manufacturing goods maintained the "leading" position in the country's total export turnover with more than 104 billion USD.
Specifically, export turnover of processed and manufactured industrial goods was estimated to reach 104.65 billion USD, accounting for 85% of total export turnover and increasing 14.5% over the same period of 2023.
Many product groups achieved high growth rates in export turnover, including key export items such as cameras, camcorders and components increased by 63.5%; computers, electronic products and components increased by 34.9%; plastic products increased by 29.6%; wood and wood products increased by 23.7%; iron and steel of all kinds increased by 20.7%; machinery, equipment, tools, and other spare parts increased by 10%; means of transport and spare parts increased by 9.9%; textiles and garments increased by 6.3%; footwear of all kinds increased by 5.7%; all kinds of phones and accessories increased by 6.6%.
The agricultural product group continued its growth momentum from 2023 until now, the total export turnover of this commodity group was estimated to reach 11.98 billion USD, an increase of 26% over the same period of 2023, accounting for 9.69% of the country’s total export turnover.
Due to increased export prices, most products in this group achieved high double-digit export turnover growth rates compared to the same period last year, such as coffee increased by 57.9%; rice increased by 36.5%; tea of all kinds increased by 25.5%; vegetables and fruits increased by 32.1%; cashew kernels increased by 21.2%; cassava and products from cassava increased by 19.2%.
Export turnover of mineral fuel products was estimated to reach 1.65 billion USD, up by 28% over the same period of 2023.
Exports to key markets increased in the first 4 months of 2024
Vietnam's export turnover of goods to most of our country's major markets and trading partners in the first 4 months of 2024 had recovered well and achieved high growth.
In particular, the United States continued to be our country's largest export market with an estimated turnover of 34.12 billion USD, accounting for 27.6% of the country's total export turnover and an increase of 19.1% over the same period last year (the figure of the same period decreased by 21.6%). The next was the Chinese market with 17.96 billion USD, up by 14.4% (the figure of the same period of 2023 was down by 13%); EU market with 16.35 billion USD, up by 15% (the figure of the same period last year was down by 10.8%); South Korea with 8.36 billion USD, up by 10.2%; and Japan with 7.66 billion USD, an increase of 4.6%.
CK
Source: VITIC/congthuong.vn/haiquanonline.com.vn