The total import and export value of Vietnam goods increased sharply

The latest preliminary statistics from the General Department of Customs show that the total import and export value of Vietnam's goods in the second period of February 2024 (from February 16 to February 29, 2024) reached 28 million. .41 billion USD, an increase of 46.7% (equivalent to an increase of 9.05 billion USD) compared to the results implemented in the first period of February 2024 (from February 1 to February 15, 2024).

The results achieved in the second half of February 2024 have brought the total import and export value of the country in 2 months of 2024 to 113.43 billion USD, an increase of 18.1%, equivalent to an increase of 17.37 billion USD compared to same period in 2023; Of which, the total import-export value of FDI enterprises in 2 months of 2024 reached 78.08 billion USD, an increase of 14.5% (equivalent to an increase of 9.88 billion USD) compared to the same period last year; The total import-export value of domestic businesses was 35.35 billion USD, an increase of 26.9% (equivalent to an increase of 7.49 billion USD) over the same period last year.

With the above results, in the second period of February 2024, the trade balance of goods will have a surplus of 1.05 billion USD. Thus, in the first 2 months of 2024, the trade balance of goods will have a surplus of 5 billion USD.

Data from the General Department of Customs also shows that the total value of Vietnam's export goods in the second period of February 2024 reached 14.73 billion USD, an increase of 48.2% (corresponding to an increase of 4.79 billion USD in terms of absolute number) compared to the first period of February 2024.

Thus, in the first 2 months of 2024, Vietnam's total export value reached 59.21 billion USD, an increase of 19% over the same period last year, equivalent to an increase of 9.45 billion USD over the same period last year.

According to the General Department of Customs, the export value of goods of enterprises with foreign direct investment (FDI) in the second period of February 2024 reached 10.85 billion USD, an increase of 48.1%, equivalent to an increase of 3%. 53 billion USD compared to the first period of the month, thereby bringing the total export value of goods in the first 2 months of 2024 of this group of businesses to 43.04 billion USD, an increase of 15.3% (corresponding to an increase of 5,000,000 USD). 7 billion USD) over the same period last year, accounting for 72.7% of the country's total export value.

For the import market, the total value of Vietnam's imported goods in the second period of February 2024 reached 13.68 billion USD, an increase of 45.2% (corresponding to an increase of 4.26 billion USD in absolute terms). compared to the results performed in the first period of February 2024. In the first 2 months of 2024, the country's total import value reached 54.21 billion USD, an increase of 17.1%, equivalent to an increase of 7.59 billion USD compared to the same period last year.

The value of imported goods of FDI enterprises in this period is 9.02 billion USD, an increase of 45.9% (equivalent to an increase of 2.84 billion USD) compared to the first period of February 2024. In the first 2 months of 2024, the total import value of this group of businesses reached 35.03 billion USD, an increase of 13.5% (equivalent to an increase of 4.18 billion USD) compared to the same period last year, accounting for 64,000 billion USD. 6% of the country's total import value.

Source: CafeF – Minh Ngoc