Vietnam's export turnover in January highest in almost two years
Vietnam's export earnings in January posted a year-on-year rise of 42% to about 33.6 billion USD – the highest monthly turnover since April 2022 when the figure stood at 33.26 billion USD, reported the Ministry of Industry and Trade (MoIT).
Vietnam exports about 33.6 billion USD worth of goods in January, up 42% year on year. (Photo: VNA)
Hanoi (VNA) – Vietnam's export earnings in January posted a year-on-year rise of 42% toabout 33.6 billion USD – the highest monthly turnover since April 2022 whenthe figure stood at 33.26 billion USD, reported the Ministry of Industry andTrade (MoIT).
Thatcontributed to last month’s total export and import value of more than 64billion USD, rising by almost 38% year on year.
Thestrong export growth was driven mainly by the agro-forestry-fishery sector and theprocessing industry, which saw respective increases of nearly 97% and 38% inoverseas shipments.
Inparticular, the export of telephones of all kinds and components brought homenearly 6 billion USD, surging over 56% month on month, partly thanks to Samsung’slaunch of its new mobile phone series Samsung Galaxy S24 in mid-January.
Agriculturalproducts remained a bright spot of the export panorama as a result of goodprices.
MoITdata showed that coffee and rice prices grew 35% and 33.5% to 2,955 USD and 693USD per tonne, respectively.
TheUS was still the biggest importer of Vietnamese goods last month, with 9.6billion USD in value – up almost 56% from a year earlier. Exports to other traditionalmarkets like China, the EU, and ASEAN respectively increased 58%, 18%, and 38%.
Meanwhile,Vietnam imported over 30.6 billion USD worth of goods, nearly 95% of which wasmaterials for production for the Lunar New Year festival.
Chinaremained the largest exporter of goods to Vietnam, with an approximated valueof 11 billion USD in January, soaring 50% year on year.
NguyenCam Trang, Deputy Director of the MoIT’s Agency of Foreign Trade, said that theworld situation is forecast to continue witnessing big and unpredictablechanges, along with intertwined opportunities and challenges in 2024. However,there are still many opportunities for exports to bounce back and grow thisyear when the unsold inventory in the US is gradually being resolved.
Theagency forecast this year’s foreign trade turnover may rise by over 6% from2023, and Vietnam can continue recording a trade surplus, she noted./.
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Vietnam expects its agricultural export value to China to increase sharply this year, as China agreed to review regulations permitting official exports of poultry meat from Vietnam to this market.
Vietnam earned 5.14 billion USD from agro-forestry-aquatic exports in January, a year-on-year surge of 79.2%, the Ministry of Agriculture and Rural Development reported.
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Vietnam exports about 33.6 billion USD worth of goods in January, up 42% year on year. (Photo: VNA) 
