Preliminary assessment of Vietnam international merchandise trade performance in the second half of February, 2024
Vietnam‘s trade-in-goods in the first 2 months of 2024 totaled US dollars 113.43 billion in value terms, climbed up by 18.1% as compared to the performance of the same period of last year.
In the view of Foreign Direct Invested (FDI) traders, the total value of exportation and importation in the first 2 months of 2024 reached USD 78.08 billion, up by 14.5% in comparison to the same period of 2023.
Export:
As compared to the first half of February-2024, second half of the month increased in the total export value (48.2% - USD 4.79 billion equally) is reflected by upturn in computer, electrical products, spare-parts and components thereof (up by 50.2% - USD 934 million equally); telephones, mobile phones and parts thereof (up by 48.4% - USD 768 million equally); machine, tools and equipments (up by 49.8% - USD 588 million equally); textiles and garments (up by 10.9% - USD 104 million), foot-wear (up by 35.5% - USD 178 millions); means of transports (up by 61.4% - USD 219 million equally)…
Totally, in the first 2 months of 2024 total export value from Vietnam was USD 59.21 billion, climbed up 19% as compared to the same period of 2023 (equivalent to USD 9.45 billion in absolute value terms).
Chart 1: Top 10 main exported commodities of the second half over the first half of February 2024
Source: Vietnam Customs |
Import:
The first half to second half of February widen in the total of import value (45.2%) reflected upturn in computer, electrical products, spare-parts and components thereof (up by 49.3% - USD 1.37 billion equally); machine, tools and equipments (up by 51% - USD 522 million equally); irons and steels (up by 65.4% - USD 203 million equally); fabrics (up by 60.5% - USD 183 million equally); plastics (up by 116.7% - USD 231 million equally).
From January to second half of February-2024, total import value into Vietnam was USD 54.21 billion, went up by 17.1% as compared to the same period of 2023 (equivalent to USD 2.84 billion in absolute value terms).
Chart 2: Top 10 main imported commodities of the second half over the first half of February 2024
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