Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

Source: Vietnam Customs

15:18 | 19/12/2024 Customs Statistics Follow english.haiquanonline.com.vn on

The Vietnam Customs Statistics announced that in the second half of November, 2024 the total Vietnam’s exports of US dollars 16.9 billion and imports of nearly US dollars 15.73 billion resulted in a trade surplus of US dollars 1.17 billion.

Accordingly, the total value of export and import turnover of Vietnam in the second half of November was over US dollars 32.63 billion, down by 2.4% as compared to the first half of November-2024. Furthermore, in the first 11 months of 2024, Vietnam was in trade surplus of USD 24.31 billion.

Vietnam‘s trade-in-goods in the first 11 months of 2024 totaled US dollars 715.56 billion in value terms, climbed up by 15.4% (USD 95.32 billion equally) 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 11 months of 2024 reached USD 484 billion, up by 13.7% (USD 58.41 billion equally) in comparison to the same period of 2023.

Export:

As compared to the first half of November-2024, second half of the month increase in the total export value (1% - USD 165 million equally) is reflected by upturn in textiles and garments (up by 10% - USD 145 million equally); irons and steels (up by 61.6% - USD 141 millionn equally); coffee (up by 86.3% - USD 105 million equally); rice ( up by 37.8% - USD 70.6 million equally).

Totally, in the first 11 months of 2024 total export value from Vietnam was USD 369.94 billion, climbed up 14.4% as compared to the same period of 2023 (equivalent to USD 46.7 billion in absolute value terms).

Chart 1: Top 10 main exported commodities of the second half over the first half of November 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

Source: Vietnam Customs

Import:

The first half to second half of November shrunk in the total of import value (5.8% - USD 970 million equally) reflected downturn in computer, electrical products (down by 4.6% - USD 214 million equally); crude oil (down by 55% - USD 183 million equally); machine, tools and equipment (down by 4.6% - USD 103 million equally); coal (down by 39.4% - USD 100 million equally)…

From January to second half of November-2024, total import value into Vietnam was USD 345.62 billion, went up by 16.4% as compared to the same period of 2023 (equivalent to USD 48.62 billion in absolute value terms).

Chart 2: Top 10 main imported commodities of the second half over the first half of November 2024

Source: Vietnam Customs

Source: Vietnam Customs

Tags:

customs trade mechandise

Related News

Consulting on customs control for e-commerce imports and exports

14:50 | 14/02/2025 Regulations

VCN- The General Department of Vietnam Customs (GDVC) consults widely on the draft Decree regulating customs control for e-commerce imports and exports.

Customs administrations coordinate to seize nearly 20,000 endangered wildlife

09:15 | 14/02/2025 Anti-Smuggling

VCN – About 20,000 live animals, all endangered or protected species, have been seized in a global operation against wildlife and forestry trafficking networks, jointly coordinated by the World Customs Organization (WCO) and INTERPOL.

Import and export turnover reaches about US$29 billion in the second half of January 2025

14:52 | 14/02/2025 Import-Export

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.

Hai Phong Customs sets out 15 tasks to achieve the revenue target of VND 72,000 billion

10:12 | 11/02/2025 Customs

VCN – Hai Phong Customs Department has issued Directive No. 624/CT-HQHP dated January 21, 2025 on drastically implementing solutions to facilitate trade, improve the effectiveness of state management, and strive to achieve the revenue target of 2025.

Latest News

Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024

10:50 | 27/12/2024 Customs Statistics

Highlights 1. According to trade statistics of Vietnam Customs, in November of 2024, a 4.1% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of October 2024. Exports went down 5.3 %, to USD 33.73 billion and imports decreased 2.8%, to USD 32.67 billion in terms of month-on-month basis. As a result, there was a USD 1.07 billion surplus in Vietnam’s trade balance in this month.

More News

Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

09:40 | 12/12/2024 Customs Statistics

The Vietnam Customs Statistics announced that in the first half (01-15/11/2024) of November-2024, Vietnam’s total exports of US dollars 16.73 billion and imports of US dollars 16.7 billion resulted in a trade surplus of nearly US dollars 31 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of November was US dollars 33.44 billion, down by 9.7% as compared to the second half of October-2024.

Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

09:40 | 12/12/2024 Customs Statistics

1. According to trade statistics of Vietnam Customs, in October of 2024, a 5.2% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of September 2024. Exports went up 4.6 %, to USD 35.64 billion and imports increased 5.8%, to USD 33.60 billion in terms of month-on-month basis. As a result, there was a USD 2.03 billion surplus in Vietnam’s trade balance in this month.

Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

09:40 | 12/12/2024 Customs Statistics

The Vietnam Customs Statistics announced that in the second half of October, 2024 the total Vietnam’s exports of US dollars 19.39 billion and imports of nearly US dollars 17.63 billion resulted in a trade surplus of US dollars 1.76 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of October was over US dollars 37.02 billion, up by 16% as compared to the first half of October-2024. Furthermore, in the first 10 months of 2024, Vietnam was in trade surplus of USD 23.35 billion.

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

09:22 | 20/11/2024 Customs Statistics

Highlights 1. According to trade statistics of Vietnam Customs, in September of 2024, a 8.0% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2024. Exports went down 9.8 %, to USD 34.08 billion and imports decreased 5.9%, to USD 31.76 billion in terms of month-on-month basis. As a result, there was a USD 2.32 billion surplus in Vietnam’s trade balance in this month.

Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

09:21 | 20/11/2024 Customs Statistics

The Vietnam Customs Statistics announced that in the second half of September, 2024 the total Vietnam’s exports of US dollars 19.71 billion and imports of nearly US dollars 16.74 billion resulted in a trade surplus of US dollars 2.97 billion.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of September, 2024

00:00 | 19/10/2024 Customs Statistics

The Vietnam Customs Statistics announced that in the first half (01-15/9/2024) of September-2024, Vietnam’s total exports of US dollars 14 billion and imports of US dollars 14.55 billion resulted in a trade deficit of nearly US dollars 546 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of September was US dollars 28.55 billion, down by 24.9% as compared to the second half of August-2024.

Preliminary assessment of Vietnam international merchandise trade performance in the second half of August, 2024

10:11 | 08/10/2024 Customs Statistics

The Vietnam Customs Statistics announced that in the second half of August, 2024 the total Vietnam’s exports of US dollars 20.73 billion and imports of nearly US dollars 17.29 billion resulted in a trade surplus of US dollars 3.45 billion.

Preliminary assessment of Vietnam international merchandise trade performance in the first 8 months of 2024

10:10 | 08/10/2024 Customs Statistics

Highlights 1. According to trade statistics of Vietnam Customs, in August of 2024, a 2.0% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of July 2024. Exports went up 4.3 %, to USD 37.79 billion and imports decreased 0.4%, to USD 33.74 billion in terms of month-on-month basis. As a result, there was a USD 4.05 billion surplus in Vietnam’s trade balance in this month.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of August, 2024

15:44 | 12/09/2024 Customs Statistics

The Vietnam Customs Statistics announced that in the first half (01-15/8/2024) of August-2024, Vietnam’s total exports of US dollars 16.93 billion and imports of US dollars 16 billion resulted in a trade surplus of nearly US dollars 933 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of August was US dollars 32.93 billion, down by 11.4% as compared to the second half of July-2024.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read