AsemconnectVietnam - In the first 6 months of 2024, Vietnam’s import turnover of goods was estimated to reach 178.45 billion USD, up by 17% over the same period last year.

The structure of imported goods in the first 6 months of the year showed a positive signal when up to 88.8% of the total import turnover was the group of goods that need to be imported.
Assessing the situation of importing goods, the Ministry of Industry and Trade said that in June of 2024, it was estimated to reach 30.15 billion USD, down by 7.9% compared to the previous month. In comparison to the same period last year, the import turnover of goods in June increased by 13.1%.
In the first 6 months of 2024, the 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%.
Of these, there were 33 imported items worth of over 1 billion USD, accounting for 88.1% of total import turnover (5 imported items worth of over 5 billion USD, accounting for 50.2%).
The import structure of our country in the first 6 months of the year showed a positive signal when up to 88.8% of the total import turnover was the group of goods that need to be imported, including: machinery, equipment, etc. equipment, tools, spare parts and raw materials for domestic production, with an estimated turnover of 158.2 billion USD, an increase of 18.1% over the same period of 2023.
"The above results show signs of positive recovery of production and exports when the demand for importing machinery, equipment, tools, spare parts and raw materials for production increases quite high," the report stated.
Of which, the import turnover of computers, electronic products and components alone was estimated at 48.8 billion USD, an increase of 26.7% over the same period of 2023 and accounting for 27.4% of the total import turnover of the whole country while the imports of machinery, equipment, tools and spare parts reached 22.3 billion USD, an increase of 14.6%.
In addition, the import turnover of most other products also recorded a high double-digit increase such as: phones of all types and components increased by 21.9%; steel of all kinds increased by 24%; electric wires and cables increased by 30%; plastic raw materials increased by 14.7%; raw materials for textiles, garments and footwear increased by 17.5%; fabrics of all kinds increased by 10.8%.
The import turnover of goods groups requiring import restrictions in the first 6 months of the year increased slightly over the same period last year, estimated at 9.5 billion USD, an increase of 2.1%. However, some products had high import turnover such as: household electrical appliances and components, up by 19.2%; vegetables and fruits increased by 13.7%.
According to the Ministry of Industry and Trade, due to the strong recovery of production and export, the demand for imported machinery, equipment and raw materials for domestic production has increased, so our country's imports in the first half of 2024 from major markets increased.
In particular, China continued to be our country's largest import market with an estimated turnover of 67 billion USD, up by 34.7% over the same period last year and accounting for nearly 37.6% of total import turnover of the country. The next was the imports from the South Korean market with 26.2 billion USD, up by 7.4%; ASEAN market with 22.56 billion USD, up by 12.3%; Japan with 10.39 billion USD, up by 1.7%; EU with 7.5 billion USD, up by 5.2%; the United States with 7.06 billion USD, an increase of 2.8%.
CK
Source: VITIC/ haiquanonline.com.vn