According to Ministry of Industry and Trade, it is estimated that in the first half of 2024, export turnover of goods is estimated at nearly 189 billion USD, an increase of 13.8% over the same period in 2023 (the same period in 2023 decreased by 11.3%).
Notably, export of the key group of manufacturing and processing industry is estimated at nearly 160 billion USD, accounting for 84.6% of total export turnover and increasing by 13.8% over the same period in 2023 with many product groups increasing sharply in the first 5 months of the year such as cameras, camcorders and components, computers, electronic products and components, plastic products, wood and wood products.
Agricultural products continue to be a bright spot in terms of export growth rate, increasing by 18.8% over the same period in 2023, with total export turnover estimated at 18.21 billion USD in the first 6 months of 2024. Basic export markets have recovered well and achieved high growth, notably the US, China, EU, and South Korea.
In the first 6 months of the year, total import and export turnover of goods is estimated at 370 billion USD, up 16.03% over the same period last year. Trade balance of goods continues to have a surplus with an estimated trade surplus of 8.4 billion USD (the same period last year had a trade surplus of 13.4 billion USD), mainly due to the contribution of foreign-invested sector.
Ministry of Industry and Trade assessed that in the second half of 2024, there will still be many challenges for the production and export of goods. Tense geopolitical conflict continues to push up freight rates and imports and exports continue to depend on a number of markets, goods and FDI sectors. Moreover, some key export items to major markets such as EU and the United States continue to face pressures from trade defense investigations, technical barriers related to the environment, sustainable development and green transformation.
However, with a system of free trade agreements with more than 60 markets, there are still opportunities for domestic industries and enterprises to boost exports and take advantage of tariff incentives.
In the coming time, Ministry of Industry and Trade will strongly implement solutions to unblock production, develop stable supply sources for export and domestic market; ensure energy security. Focus on market solutions, promote export and domestic consumption; effectively control import and quality of goods circulating on the market.

Source: Vitic/ congthuong.vn