Preliminary assessment of Vietnam international merchandise trade performance in the second half of March, 2024
Vietnam‘s trade-in-goods in the first 3 months of 2024 totaled US dollars 177.96 billion in value terms, climbed up by 15.4% 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 3 months of 2024 reached USD 121.49 billion, up by 12.8% in comparison to the same period of 2023.
Export:
As compared to the first half of March-2024, second half of the month increase in the total export value (9.2% - USD 1.47 billion equally) is reflected by upturn in computer, electrical products, spare-parts and components thereof (up by 23.2% - USD 657 million equally); telephones, mobile phones and parts thereof (up by 12.2% - USD 270 million equally); irons and steels (up by 49.2% - USD 165 million equally); machine tools equipments (up by 4.2% - USD 82 million); textiles and garments (up by 5.5% - USD 71 million), rice (up by 19.2% - USD 62 million equally).
Totally, in the first 3 months of 2024 total export value from Vietnam was USD 92.88 billion, climbed up 16.8% as compared to the same period of 2023 (equivalent to USD 13.33 billion in absolute value terms).
Chart 1: Top 10 main exported commodities of the second half over the first half of March 2024
Source: Vietnam Customs |
Import:
The first half to second half of March shrunk in the total of import value (2.3%) reflected downturn in computer, electrical products , spare-parts and components thereof (down by 4.3% - USD 184 million equally); irons and steels (down by 17.1% - USD 97.5 million equally); plastics (down by 15.3% - USD 77.7 million equally); ores and other mineral products (down by 40.3% - USD 72.2 million equally).
From January to second half of March-2024, total import value into Vietnam was USD 85.08 billion, went up by 14% as compared to the same period of 2023 (equivalent to USD 10.46 billion in absolute value terms).
Chart 2: Top 10 main imported commodities of the second half over the first half of March 2024
Source: Vietnam Customs |
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