Exports hit more than US$65 billion in January 2024

Import and export activities in January 2024 are thriving

According to General Department of Vietnam Customs, in the first month of 2024, the country's exports reached US$34.53 billion, an increase of 46% over the same period in 2023.

All key export product groups grew impressively. Among them are seven product groups with a turnover of US$1 billion or more, including phones and components; computers, electronic products and components; machinery, equipment, tools, spare parts; textile; footwear; wood and wood products; transport vehicles and spare parts.

Notably, phones and components have regained the No. 1 position in exports with a turnover of US$5.58 billion, an increase of 11.4% over the same period last year.

On the other hand, import turnover reached US$30.9 billion, rising 34.4% over the same period in 2023.

In the first month of the year, there were 4 groups of imported goods with a turnover of 1 billion USD or more, including computers, electronic products and components; machinery, equipment, tools, spare parts; fabric; iron and steel.

Moreover, computers, electronic products and components continue to maintain their position as the largest imported goods group with a turnover of US$8.56 billion, an increase of 30.5%. The remaining product groups also had impressive growth, even import turnover of iron and steel increased by 101.6% (reaching nearly US$1.06 billion).

Thus, in January 2024, the country's import-export turnover achieved an impressive figure of US$65.43 billion and the trade surplus reached US$3.63 billion.