(PLVN) - In the first 2 months of 2024, the total import and export turnover of goods is estimated to reach 113.96 billion USD, the trade balance is tilted towards exports with a trade surplus of 4.72 billion USD.
According to data just released by the General Statistics Office, in February 2024, the country's total import and export turnover of goods was estimated at 48.54 billion USD, down 25.8% compared to the previous month and down 1 year. .8% over the same period last year.
In the first 2 months of 2024, total import and export turnover of goods is estimated at 113.96 billion USD, up 18.6% over the same period last year, of which exports increased by 19.2%; Imports increased by 18%. The trade balance of goods had a surplus of 4.72 billion USD.
Specifically, in terms of export of goods, the export turnover of goods in February 2024 is estimated to reach 24.82 billion USD, down 28.1% compared to the previous month. Of which, the domestic economic sector reached 6.62 billion USD, down 30.6%; The foreign invested sector (including crude oil) reached 18.2 billion USD, down 27.2%. Compared to the same period last year, the export turnover of goods in February 2024 decreased by 5%, of which the domestic economic sector increased by 0.9%, the foreign invested sector (including crude oil) decreased. 7%.
In the first 2 months of 2024, merchandise export turnover is estimated to reach 59.34 billion USD, up 19.2% over the same period last year. Of which, the domestic economic sector reached 16.14 billion USD, an increase of 33.3%, accounting for 27.2% of total export turnover; The foreign investment sector reached 43.2 billion USD, an increase of 14.7%, accounting for 72.8%.
In the first 2 months of 2024, there are 11 items with export turnover of over 1 billion USD, accounting for 75.1% of total export turnover (there are 4 export items with export turnover of over 5 billion USD, accounting for 52.5%).
Regarding the structure of export goods in the first 2 months of 2024, the fuel and mineral goods group is estimated to reach 0.59 billion USD, accounting for 1%; The group of processed industrial goods is estimated at 52.45 billion USD, accounting for 88.4%; Agricultural and forestry products are estimated to reach 5 billion USD, accounting for 8.4%; The seafood group is estimated to reach 1.3 billion USD, accounting for 2.2%.
Regarding import of goods, according to the General Statistics Office, import turnover of goods in February 2024 is estimated at 23.72 billion USD, down 23.2% compared to the previous month. Of which, the domestic economic sector reached 8.42 billion USD, down 25.2%; The foreign investment sector reached 15.3 billion USD, down 22.1%. Compared to the same period last year, import turnover in February increased by 1.8%, of which the domestic economic sector increased by 5.4%; The foreign invested sector decreased by 0.1%.
In the first 2 months of 2024, the import turnover of goods is estimated to reach 54.62 billion USD, up 18% over the same period last year, of which the domestic economic sector reached 19.67 billion USD, up 27% over the same period last year. 4%; The foreign investment sector reached 34.95 billion USD, an increase of 13.3%.
In the first 2 months of 2024, there are 13 imported items worth over 1 billion USD, accounting for 71% of total import turnover (there are 2 imported items worth over 5 billion USD, accounting for 41.3%).
Regarding the structure of imported goods in the first 2 months of 2024, the group of capital goods is estimated to reach 51.47 billion USD, accounting for 94.2%, of which the group of machinery, equipment, tools and spare parts accounts for 47%; The group of raw materials, fuel, and materials accounts for 47.2%. The consumer goods group is estimated to reach 3.15 billion USD, accounting for 5.8%.
Regarding the export and import market of goods in the first 2 months of the year, the United States is the largest export market with an estimated turnover of 17.4 billion USD. China is Vietnam's largest import market with an estimated turnover of 20.9 billion USD.
In the first 2 months of 2024, trade surplus to the United States is estimated to reach 15.2 billion USD, up 36.6% over the same period last year; Trade surplus to the EU is estimated at 5.3 billion USD, up 13.9%; Trade surplus to Japan is 0.4 billion USD; Trade deficit from China is 12.8 billion USD, an increase of 98.2%; Trade deficit from Korea 3.7 billion USD, down 4.3%; Trade deficit from ASEAN is 1 billion USD, down 21.9%.
Overall, in the first 2 months of 2024, the trade balance of goods is estimated to have a trade surplus of 4.72 billion USD (the same period last year had a trade surplus of 3.5 billion USD). Of which, the domestic economic sector's trade deficit was 3.53 billion USD; The foreign invested sector (including crude oil) had a trade surplus of 8.25 billion USD.
