Vietnam's trade surplus reaches US$4.72 billion in Jan-Feb
Vietnam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, higher than the figure of US$3.5 billion reported in the same period last year, according to the General Statistics Office (GSO).
In the period, the country's total import-export turnover is estimated at US$113.96 billion, up 18.6% year-on-year.
Specifically, exports are estimated at US$24.8 billion in February, down 28.1% month-on-month, and 5% year-on-year; and at US$59.34 billion in the first two months, up 19.2% year-on-year.
There are 11 commodities that recorded an export value of over US$1 billion each, accounting for 75.1% of the total export revenue. Notably, four commodities see their export value surpassing US$5 billion.
Meanwhile, imports are estimated at US$23.72 billion in February, down 23.2% month-on-month, and at US$54.62 billion in the first two months, up 18% year-on-year.
The US was Vietnam's largest export market in the period, with an estimated turnover of US$17.4 billion, up 33.7% year-on-year, while China was the country's biggest import market with an estimated turnover of US$20.9 billion, up 49.7% year-on-year.
