Vietnam's trade surplus exceeded US $8 billion in the first half of the year
2024-06-05 11:20:45 Source: Global textile information
According to the Vietnam General Bureau of Statistics (GSO), Vietnam achieved a trade surplus of 8.01 billion US dollars from January to May this year. Total exports reached US $156.77 billion and imports reached US $148.76 billion, up 15.2% and 18.2% year on year respectively.
Of the export revenue, 43.69 billion US dollars came from the domestic sector and 113.08 billion US dollars came from foreign-invested enterprises, up 20.5% and 13.3% year on year respectively.
During this period, the export volume of 26 product categories exceeded US $1 billion, accounting for 90% of the total export volume, of which the export volume of 7 categories exceeded US $5 billion.
The processing industry has made a huge contribution to export revenue, reaching US $137.39 billion, equivalent to 87.7% of the total export revenue.
The import volume of domestic enterprises was US $54.95 billion, and that of foreign-invested enterprises was US $93.81 billion, up 24.2% and 14.9% year on year respectively.
The import volume of 27 categories of goods exceeded US $1 billion, of which capital goods were the main import category, with a value of about US $139.89 billion.
The United States is Vietnam's largest export market, with an export volume of US $44 billion, while China is the largest import market, with a total import volume of US $54.9 billion.
During this period, Vietnam's trade surplus with the United States was $38.1 billion, with the European Union at $14.3 billion, and with Japan at $290 million. However, its trade deficit with China was $32.3 billion, its trade deficit with South Korea was $11.1 billion, and its trade deficit with ASEAN was $4.2 billion.
