AsemconnectVietnam - In the first 7 months of 2024, 30 items achieved an export turnover of over 1 billion USD, accounting for 91.9% of total export turnover.

The report on industrial production and trade activities in July of 2024 recently released by the Ministry of Industry and Trade emphasized that with the gradual recovery of the world market and increased export orders, import and export activities in the first 7 months of 2024 flourished and achieved positive results.
Notably, goods exports continued to be a bright spot in the overall picture of the economy in the first 7 months of 2024, showing a strong recovery.
In the first 7 months of 2024, the total export turnover of goods was estimated at 226.98 billion USD, up by 15.7% over the same period last year. Of which, the export turnover of the domestic economic sector reached 63.08 billion USD, up by 21.1%, accounting for 27.8% of total export turnover; while the export turnover of the foreign-invested sector (including crude oil) reached 163.9 billion USD, up by 13.8%, accounting for 72.2%.
In the first 7 months of 2024, there were 30 items with export turnover of over 1 billion USD, accounting for 91.9% of total export turnover (there were 9 items with export turnover of over 5 billion USD, accounting for 70.8%).
Exports grew strongly and evenly in all 3 groups of goods. The agricultural product group has continued its growth momentum from 2023 to present, with the total export turnover of this group estimated at 21.4 billion USD, up by 19.6% over the same period of 2023, accounting for 9.4% of the country's total export turnover.
Due to the increase in export prices, most of the items in this group achieved high double-digit export growth rates compared to the same period last year, such as coffee increased by 30.9%; rice increased by 25.1%; tea of all kinds increased by 34.8%; vegetables and fruits increased by 24.3%; cashew nuts increased by 22.1%; pepper increased by 46.3%; cassava and cassava products increased by 12.5%.
The export turnover of the processed and manufactured industrial goods group was estimated at nearly 192 billion USD, accounting for 84.6% of total export turnover and increasing by 15.4% over the same period of 2023. Many product groups achieved high growth rates, including key export items such as cameras, camcorders and components increased by 51.5%; computers, electronic products and components increased by 30%; plastic products increased by 29.9%; wood and wood products increased by 23.3%; iron and steel of all kinds increased by 9.8%; machinery, equipment, tools, and other spare parts increased by 19%; textiles and garments increased by 4.3%; footwear of all kinds increased by 10.1%; phones of all kinds and components increased by 12.3%.
The export turnover of mineral fuel products was estimated at 2.35 billion USD, a slight increase compared to the same period in 2023 (up by 0.6%).
In terms of markets, export turnover to most markets, especially markets that are major trading partners, has recovered well and achieved high growth rates at double digits.
In particular, the United States continued to be our country's largest export market with an estimated turnover of 66.09 billion USD, accounting for 29% of the country's total export turnover and increasing by 24.4% over the same period last year (the figure of the same period last year decreased by nearly 20%).
The next was the Chinese market with an estimated turnover of 33.38 billion USD, up by 7.2%; the EU market was estimated at 29.34 billion USD, up by 15.8%; South Korea was estimated at 14.39 billion USD, up by 9%; and Japan was estimated at 13.46 billion USD, up by 2.8%.
CK
Source: VITIC/haiquanonline.com.vn