Vietnam’s trade in goods reaches about US$ 123billion

VCN – As of March 15, Vietnam’s total trade in goods saw a year-on-year decrease of 13% to US$ 122.94 billion, the General Department of Vietnam Customs reported.
Vietnam’s trade with top 11 Asian markets is set to grow significantly Vietnam’s trade with top 11 Asian markets is set to grow significantly
Nearly US$100 million trade surplus in first half of March Nearly US$100 million trade surplus in first half of March
European firms optimistic about Vietnam’s trade and investment environment European firms optimistic about Vietnam’s trade and investment environment
Vietnam’s trade in goods reaches about US$ 123billion

Import and export structure from the beginning of the year to March 15. Chart: T.Binh.

In the first half of March, total import and export turnover fell by 11% year-on-year to US$ 27.15 billion.

Export turnover decreases by 13% to US$13.33 billion compared with the previous year. In the first half of March, four items had an export turnover of US$ 1 billion.

Topping the list of items are electronic products and components at US$2.22 billion, mobile phones and components at US$1.75 billion, other machinery, equipment, tools and spare parts at US$1.57 billion, and textiles at US$1.23 billion.

Import turnover in the first half of March dropped by 9% to US$13.82 billion compared with a year ago. Two items with import turnover of over US$1 billion include computers, electronic products and components at US$3.23 billion; machinery, equipment, tools and spare parts at US$1.71 billion.

As of March 15, the country’s import and export turnover recorded US$ 123 billion, including export turnover at US$ 63 billion and import turnover at US$ 3 billion. The country’s had a trade surplus of US$ 3 billion.

By Thai Binh/Ngoc Loan

Related News

Export tax rates of 13 commodity codes to increase to 20% from January 1, 2025

Export tax rates of 13 commodity codes to increase to 20% from January 1, 2025

VCN – According to the Export Tariff issued with Decree 26/2023/ND-CP, the tax rates of 13 commodity codes will increase to 20% from January 1, 2025.
Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024

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

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.

Latest News

Trade remedies protect domestic industries

Trade remedies protect domestic industries

VCN - The Ministry of Industry and Trade has initiated investigations into thirty trade remedies cases and applied twenty two measures to imported goods.
Import and export tend to decrease and are difficult to reach expectation of 800 billion USD

Import and export tend to decrease and are difficult to reach expectation of 800 billion USD

VCN - The two most recent statistical periods of the General Department of Customs have recorded a decrease in import and export turnover compared to the previous period.
Việt Nam becomes second biggest garment exporter globally

Việt Nam becomes second biggest garment exporter globally

Việt Nam’s garment and textiles export is projected to hit nearly US$44 billion this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao Hữu Hiếu.
Vietnam may surpass Bangladesh in garment export: report

Vietnam may surpass Bangladesh in garment export: report

Vietnam’s apparel and textile sector is set to earn an export revenue of $44 billion this year, up 11 percent year-on-year, and will likely surpass Bangladesh to become the world’s second-biggest exporter in the sector.

More News

Export tax to increase for 13 construction materials

Export tax to increase for 13 construction materials

The rate was specified in Chapter 68 of the Government’s Decree 26, issued on May 1, 2023.
Building a brand to elevate Vietnamese rice

Building a brand to elevate Vietnamese rice

VCN - The implementation of the Sustainable development plan for 1 million hectares of high-quality, low-emission rice specialized cultivation, aligned with green growth, will contribute to building the brand of Vietnamese rice. This effort meets current market trends and consumer preferences, thereby enhancing the value of Vietnamese rice.
FTA Index helps measure the effectiveness of FTA implementation

FTA Index helps measure the effectiveness of FTA implementation

VCN - Participation in many new-generation free trade agreements (FTAs) has opened up many opportunities for Vietnam to grow and diversify import-export markets, attracting investment. However, there are also many difficulties and challenges that require a set of indicators to evaluate the implementation results of FTAs ​​(FTA Index) to measure the implementation results.
Nghệ An Province anticipates record FDI amidst economic upswing

Nghệ An Province anticipates record FDI amidst economic upswing

This places the province among the top 10 nationwide in FDI attraction, showcasing its increasing appeal to international investors.
Green farming development needs supportive policies to attract investors

Green farming development needs supportive policies to attract investors

The numbers investing in this sector remains modest, because the supportive mechanisms and policies for the investors are not attractive enough, according to experts.
Vietnamese enterprises adapt to green logistics trend

Vietnamese enterprises adapt to green logistics trend

Principal of the School of Business at the National Economics University, Associate Professor Dr Tạ Văn Lợi, talked to Vietnam News Agency about solutions for domestic enterprises to become more green in terms of logistics.
Paving the way for Vietnamese agricultural products in China

Paving the way for Vietnamese agricultural products in China

VCN - The signing of protocols between the Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China has created momentum for many domestic agricultural products. In 2025 and the coming years, participating in cross-border e-commerce channels is considered a potential direction for domestic enterprises to directly approach Chinese consumers.
VN seafood export surpass 2024 goal of $10 billion

VN seafood export surpass 2024 goal of $10 billion

Việt Nam’s seafood export in 2024 has surpassed its target of US$10 billion despite many challenges related to the market, logistics and materials, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK

Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK

The UKVFTA and the UK’s official participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from December 15 are creating significant opportunities for Việt Nam to expand exports to the UK. However, the risk of trade defence investigations is always present.
Read More

Your care

Latest Most read
Trade remedies protect domestic industries

Trade remedies protect domestic industries

The Ministry of Industry and Trade has initiated investigations into thirty trade remedies cases and applied twenty two measures to imported goods.
Import and export tend to decrease and are difficult to reach expectation of 800 billion USD

Import and export tend to decrease and are difficult to reach expectation of 800 billion USD

VCN - Of which, export in the second period of November reached USD 16.9 billion, up 1% (equivalent to an increase of USD 165 million) compared to the previous period.
Việt Nam becomes second biggest garment exporter globally

Việt Nam becomes second biggest garment exporter globally

Việt Nam’s garment and textiles export is projected to hit nearly US$44 billion this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao Hữu Hiếu.
Vietnam may surpass Bangladesh in garment export: report

Vietnam may surpass Bangladesh in garment export: report

Vietnam’s apparel and textile sector is set to earn an export revenue of $44 billion this year, up 11 percent year-on-year, and will likely surpass Bangladesh to become the world’s second-biggest exporter in the sector.
Export tax to increase for 13 construction materials

Export tax to increase for 13 construction materials

The rate was specified in Chapter 68 of the Government’s Decree 26, issued on May 1, 2023.
Mobile Version