According to data from General Department of Customs, the two-way import-export turnover between Vietnam and EU in the first 6 months of 2024 reached nearly 32.39 billion USD, up 13.5% compared to the first 6 months of 2023
Of which, goods imported from EU into Vietnam reached over 7.69 billion USD in the first 6 months of 2024, up 7.71% compared to the first 6 months of 2023.
In June 2024 alone, turnover decreased by 3.7% compared to May 2024, reaching over 1.31 billion USD and also decreased 5.85% compared to the same month in 2023.
Imports of goods from EU market accounted for 4.3% of total import turnover of goods from all markets in the world. In the first 6 months of 2024, there were 3 groups of imported goods from EU with a turnover of over 1 billion USD: Computers, electronic products and components; Machinery, equipment, tools, spare parts and pharmaceuticals.
The largest group of imported goods from EU in the past 6 months was computers, electronic products and components reaching over 1.75 billion USD, accounting for 22.76% of total import turnover of all kinds of goods from this market, an increase of 29.93% compared to the first 6 months of 2023.
Group of imported machinery, equipment, tools and spare parts from the EU ranked second in terms of turnover, reaching over 1.37 billion USD, accounting for 17.85% of total turnover, an increase of 0.94%. Next, the pharmaceutical group reached over 1.06 billion USD, accounting for 13.78% of the total turnover, up 25.7%.
Most of imported goods from EU in the first 6 months of this year increased in turnover compared to the first 6 months of 2023, in which some groups of goods increased sharply such as: textile, garment, leather and footwear materials increased by 23.65%, reaching 133.66 million USD; means of transport and spare parts increased by 21.72%, reaching 119.64 million USD; fertilizers of all kinds increased by 36.85%, reaching 23.25 million USD
In contrast, exports of goods to EU increased by 15.4%, reaching over 24.69 billion USD. Thus, in the first 6 months of 2024, Vietnam's trade surplus with EU was nearly 17 billion USD, an increase of 19.2% compared to the first 6 months of 2023.
In terms of product lines, textile and garment exports to EU accounted for 11.54% of total turnover, reaching nearly 1.91 billion USD, an increase of 1.63%.
In the first 6 months of 2024, Vietnam's textile and garment exports were exported to EU market; in which, the Netherlands and Germany were the two largest textile and garment consumption markets of Vietnam; in which, textile and garment exports to the Netherlands reached nearly 565.29 million USD, an increase of 19.97% compared to the first 6 months of 2023, accounting for 29.65% of total textile and garment export turnover to the EU; In June 2024 alone, exports reached over 124.99 million USD, up 6.51% compared to May 2024 and up 35.79% compared to June 2023
Textile and garment exports to Germany reached nearly 363.65 million USD, down 18.26% compared to the first 6 months of 2023, accounting for 19.08% of total textile and garment export turnover to the EU; in June 2024 alone, exports reached over 87.48 million USD, up 24.3% compared to May 2024 but down 8.46% compared to June 2023.
Of 16 textile and garment export markets in the EU in the first 6 months of 2024, there were 6 major markets with a turnover of over 100 million USD; In addition to the two largest markets, the Netherlands and Germany, following markets are: Spain reached nearly 252.35 million USD, down 0.13% over the same period last year, accounting for 13.24% of total textile and garment export turnover to the EU; Belgium reached nearly 206.17 million USD, up 6.75%, accounting for 10.81%; France reached over 206.01 million USD, up 3.3%, accounting for 10.81%; Italy reached nearly 159.29 million USD, up 1.63%, accounting for 8.36%. Notably, in the first 6 months of 2024, although export turnover of textiles and garments to the Czech market was not high, reaching only nearly 14.52 million USD, compared to the same period in 2023, it increased sharply by 48.98%.
In addition, exports to Slovakian market also increased sharply by 55.32%, reaching over 2.39 million USD; exports to Luxembourg market increased by 24.76%, reaching over 1.74 million USD.
Meanwhile, textile and garment export decreased sharply in markets such as: Austria decreased by 32.37%, reaching nearly 4.17 million USD; Hungary decreased by 31.21%, reaching over 0.57 million USD.
In addition, export groups that decreased sharply included: Animal feed and raw materials decreased by 59.16%, reaching only 72.41 million USD; ores and minerals decreased by 48%, reaching 2.9 million USD; paper products decreased by 48.5%, reaching 1.29 million USD; tobacco raw materials decreased by 52.5%, reaching 0.88 million USD.

Source: Vitic/ congthuong.vn