AsemconnectVietnam - According to data just announced by the General Statistics Office, in June, Vietnam’s total import and export turnover of goods was estimated at 63.24 billion USD, down by 2.7% over the previous month and up by 11.7% over the same period last year.

The country’s export turnover of goods in June of 2024 was estimated at 33.09 billion USD, up by 2.6% compared to the previous month. Of which, the export turnover of the domestic economic sector reached 9.33 billion USD, an increase of 3.7%; while the export turnover of the foreign invested sector (including crude oil) reached 23.76 billion USD, an increase of 2.1%. In comparison to the same period last year, the export turnover of goods in June was estimated to increase by 10.5%, of which the export turnover of the domestic economic sector increased by 16.6%, while the export turnover of the foreign invested sector (including crude oil) increased by 8.3%.
In the second quarter, export turnover was estimated at 97.2 billion USD, up by 12.5% over the same period last year and up by 4.6% over the first quarter.
In the first 6 months of 2024, the country’s merchandise export turnover was estimated to reach 190.08 billion USD, up by 14.5% over the same period last year. Of which, the export turnover of the domestic economic sector reached 53.39 billion USD, an increase of 20.6%, accounting for 28.1% of total export turnover; and the export turnover of the foreign invested sector (including crude oil) reached 136.69 billion USD, an increase of 12.3%, accounting for 71.9%.
Notably, in the first 6 months of 2024, there were 29 items with export turnover of over 1 billion USD, accounting for 91.4% of total export turnover (there were 7 export items with the export turnover of over 5 billion USD, accounting for 65.6% of the total export turnover).
Regarding the structure of export goods, the export turnover of fuel and minerals group was estimated at 2.29 billion USD, accounting for 1.2%; the export turnover of the group of processed industrial goods was estimated at 166.79 billion USD, accounting for 87.7%; the export turnover of agricultural and forestry products were estimated at 16.64 billion USD, accounting for 8.8%; and the export turnover of seafood group was estimated to reach 4.36 billion USD, accounting for 2.3%.
In the opposite direction, Vietnam’s import turnover of goods in June of 2024 was estimated to reach 30.15 billion USD, down by 7.9% compared to the previous month. Of which, the import value of the domestic economic sector reached 10.95 billion USD, down by 8.9%; while the import value of foreign investment sector reached 19.20 billion USD, down by 7.2%. In comparison to the same period last year, the country’s import turnover in June increased by 13.1%, of which the import value of the domestic economic sector increased by 15.5%; and the import value of the foreign invested sector increased by 11.8%.
In the second quarter, import turnover was estimated at 93.4 billion USD, up by 19.8% over the same period last year and up by 9.7% over the first quarter.
In the first 6 months of 2024, the country’s import turnover of goods was estimated to reach 178.45 billion USD, up by 17% over the same period last year, of which the import value of the domestic economic sector reached 65.74 billion USD, up by 22.3% over the same period last year, while the import value of the foreign investment sector reached 112.71 billion USD, an increase of 14.1%. There were 33 imported items worth of over 1 billion USD, accounting for 88.1% of total import turnover (there were 5 imported items worth over 5 billion USD, accounting for 50.2%).
Regarding the structure of imported goods, the import value of the group of capital goods was estimated at 167.73 billion USD, accounting for 94%, of which the import value of the group of machinery, equipment, tools and spare parts accounted for 46%; the import value of the group of raw materials, fuel, and materials accounted for 48%. The import value of consumer goods group was estimated to reach 10.72 billion USD, accounting for 6%.
In the first 6 months of 2024, the total import and export turnover of goods reached 368.53 billion USD, an increase of 15.7% over the same period last year, of which exports increased by 14.5%; the imports increased by 17%. The trade balance of goods had a surplus of 11.63 billion USD (in same period last year, trade surplus reached 13.44 billion USD). Of which, the domestic economic sector's trade deficit was 12.35 billion USD; the foreign invested sector (including crude oil) had a trade surplus of 23.98 billion USD.
Regarding the import and export market of goods, the United States continued to be Vietnam's largest export market with an estimated turnover of 54.3 billion USD. China was Vietnam's largest import market with an estimated turnover of 67 billion USD. In the first 6 months of 2024, the trade surplus to the United States was estimated to reach 47.2 billion USD, up by 25.6% over the same period last year; the trade surplus to the EU was estimated at 17 billion USD, up by 18.5%; the trade surplus to Japan was 952 million USD, up by 2.8%; the trade deficit from China was 39.2 billion USD, up by 67.9%; the trade deficit from South Korea was 14 billion USD, up by 4.9%; and the trade deficit from ASEAN was 4.4 billion USD, up by 9.8%.
CK
Source: VITIC/congthuong.vn