Vietnam experiences a trade surplus of over US$11 billion in two months

Sketched by T.Bình

According to the General Department of Vietnam Customs, by the end of February, Vietnam's export turnover to China reached US$7.96 billion, increasing 6.4% over the same period last year (equivalent to an increase in turnover of nearly US$500 million)

By the end of February, there were two export groups to this neighboring country with a turnover of more than US$1 billion including computers, electronic products and components reached US$1.64 billion, an increase of nearly 54% over the same period last year (equivalent to an increase in turnover of nearly US$600 million); phones and components reached US$1.46 billion, a sharp decrease of more than US$1 billion compared to the same period in 2023.

In addition, there are many product groups with a turnover of hundreds of millions of USD. Notably, exports of agricultural product groups, especially vegetables and fruits, continue to prosper.

By the end of February, fruit and vegetable exports to the Chinese market reached US$501.4 million, an increase of 57.2% (equivalent to an increase in turnover of more than US$182 million).

On the other hand, imports of goods from China in the first 2 months of the year reached US$19.33 billion, rising 38.57% over the same period last year (equivalent to an increase in turnover of nearly US$5.4 billion).

Notably, there are up to five groups of imported goods from Chinese market reaching a billion-dollar turnover, including computers, electronic products and components; phones and components; machinery, equipment, tools, spare parts; fabrics of all kinds; iron and steel.

Thus, in the first two months of the year, Vietnam - China trade reached US$27.29 billion. In particular, our country's trade deficit increased sharply with a trade deficit of up to US$11.37 billion.