Four export groups rise by more than US$17 billion in trade turnover

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Increased turnover of four key groups and other goods. Chart: T.Binh

Specifically, Vietnam's total export turnover in the first period of July (July 1-15, 2024) reduces 9.4% compared to the second period of June 2024 to US$16.26 billion. Some product groups had sharp decline in turnover such as: computers, electronic products and components, down 28.4%; phones and accessories decreased by 9.9%; iron and steel of all kinds decreased by 29.8%...

However, from the beginning of the year to the end of July 15, 2024, Vietnam's total export turnover still grew quite well compared to the same period last year with a turnover of US$207.25 billion, up 15.2%.

Notably, there are four groups with increased turnover of US$1 billion or more.

These are computers, electronic products and components with a turnover of US$36.32 billion, up US$8.19 billion; machinery, equipment, tools and spare parts reached US$25.36 billion, up US$4.06 billion; phones and components reached US$29.57 billion, up US$3.48 billion; Wood and wood products reached US$8.12 billion, up US$1.53 billion.

Thus, the increased turnover of the above four commodity groups alone is US$17.26 billion, accounting for over 63% of the total increased turnover of the country's exports.

Major export markets of the above product groups such as the United States, China, EU, South Korea, ASEAN...

If in the more than last five months of the year, the country keeps the export growth rate as it was from the beginning of the year until now, the scale of import-export turnover in 2024 is likely to set a new record of around the US$380 billion.