Vietnam's trade surplus reaches 4.72 billion USD in Jan-Feb
Vietnam has recorded a trade surplus of 4.72 billion USD in the first two months of 2024, higher than the figure of 3.5 billion USD reported in the same period last year, according to the General Statistics Office (GSO).
Hanoi (VNA) – Vietnam has recorded a trade surplus of 4.72 billionUSD in the first two months of 2024, higher than the figure of 3.5 billion USD reportedin the same period last year, according to the General Statistics Office (GSO).
In the period, the country's total import-export turnoveris estimated at 113.96 billion USD, up 18.6% year-on-year.
Specifically, exports are estimated at 24.8billion USD in February, down 28.1% month-on-month, and 5% year-on-year; and at59.34 billion USD in the first two months, up 19.2% year-on-year.
There are 11 commodities that recorded anexport value of over 1 billion USD each, accounting for 75.1% of the totalexport revenue. Notably, four commodities see their export value surpassing 5 billion USD.
Meanwhile, imports are estimated at 23.72billion USD in February, down 23.2% month-on-month, and at 54.62 billion USD inthe first two months, up 18% year-on-year.
The US was Vietnam's largest export marketin the period, with an estimated turnover of 17.4 billion USD, up 33.7% year-on-year,while China was the country's biggest import market with an estimated turnoverof 20.9 billion USD, up 49.7% year-on-year./.
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.
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’s export-import turnover reached 1.41 billion USD during the Lunar New Year (Tet) holiday which lasted from February 8 - 14, according to the General Department of Vietnam Customs.
Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.
Vietnam earned some 9.84 billion USD from agro-forestry-fishery exports in the first two months of this year, representing a year-on-year rise of 50.3%, and a trade surplus of 2.68 billion USD, up nearly 2.9-fold, the Ministry of Agriculture and Rural Development reported.
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