Import and export turnover in the second half of August increases by more than US$5 billion
Two customs departments record import and export turnover worth US$ 100 billion | |
Import and export turnover increases to US$ 51 billion |
Import and export activities at Nam Dinh Vu Port, Hai Phong. |
The results achieved in the second half of August 2024 increased by 17% of the total import and export turnover of the whole country in 8 months to US$512.31 billion compared to the same period in the previous year.
The export turnover in the second half of the year rose 22.5% to US$20.73 billion year-on-year. The export turnover of commodity groups sees strong growth such as computers, electronic products and components up 24.4%; machinery, equipment, tools and spare parts up 29.9%; textiles and garments up 18.9%; phones of all kinds and components up 11.8%; iron and steel of all kinds up 64.8%...
In the first 8 months of the year, Vietnam's total export turnover reached US$265.44 billion, up 15.9% (or US$36.48 billion) compared to the same period last year.
The import turnover in the second half of August reached US$17.29 billion, up 8.1% (or US$1.29 billion) compared to the previous period last year.
The import turnover of some commodity groups increased such as corn up 362.8%; computers, electronic products and components up 3.1%; animal feed and raw materials up 82.8%; coal of all kinds up 39.5%...
However, data from the General Department of Vietnam Customs recorded a number of import groups with a sharp decrease in import turnover compared to the first half of August 2024 such as: crude oil down 40%; petroleum products down 29.7%; soybeans down 63.8%; scrap iron and steel down 31%...
By the end of August, the total import turnover of the whole country rose 18.1% to US$246.87 billion compared to the same period last year.
In the second half of August, the trade balance had a surplus of US$3.45 billion. In the first 8 months, the trade balance had a surplus of US$18.57 billion, down 6.7% compared to the surplus of US$19.9 billion in the same period last year.
Related News
Vietnam's most Profitable Enterprises in 2024: Many Indicators Significantly Improved
09:02 | 26/09/2024 Import-Export
Ho Chi Minh City Customs: Diversifying forms of support for businesses in compliance
15:05 | 25/09/2024 Customs
Latest News
Robusta coffee price is higher than Arabica coffee price in Việt Nam
14:10 | 26/09/2024 Import-Export
Ready to export fresh coconut to the Chinese market
15:05 | 25/09/2024 Import-Export
Vietnam's durian dominates fruit exports, outpacing dragon fruit
15:01 | 25/09/2024 Import-Export
How to successfully manage businesses using ESG?
09:10 | 25/09/2024 Import-Export
More News
Despite recovery, wood and wood products export face new challenge
08:55 | 25/09/2024 Import-Export
Price hike helps pepper regain high export status
14:22 | 24/09/2024 Import-Export
Vietnam’s logistics transformation helps boost exports to EU
14:20 | 24/09/2024 Import-Export
Agricultural, forestry and fishery exports reach US$54 billion: A feasible task
09:20 | 24/09/2024 Import-Export
Unique opportunity for businesses in the supporting industry
15:41 | 23/09/2024 Import-Export
Vietnam's exports to Singapore see significant growth
15:40 | 23/09/2024 Import-Export
Strategy issued to develop Vietnam’s semiconductor industry
15:38 | 23/09/2024 Import-Export
Spend over US$ 246 billion on imports of machinery and equipment
17:48 | 22/09/2024 Import-Export
Vietnam runs trade surplus of 2.4 billion USD with Philippines
17:46 | 22/09/2024 Import-Export
Your care
Robusta coffee price is higher than Arabica coffee price in Việt Nam
14:10 | 26/09/2024 Import-Export
Vietnam's most Profitable Enterprises in 2024: Many Indicators Significantly Improved
09:02 | 26/09/2024 Import-Export
Ready to export fresh coconut to the Chinese market
15:05 | 25/09/2024 Import-Export
Vietnam's durian dominates fruit exports, outpacing dragon fruit
15:01 | 25/09/2024 Import-Export
How to successfully manage businesses using ESG?
09:10 | 25/09/2024 Import-Export