Preliminary statistics from the General Department of Customs show that total import-export turnover in the first 15 days of January reached 29.79 billion USD, down 0.6% compared to the previous period.
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| In the first half of January 2024, goods exports earned 15.1 billion USD |
In terms of exports, turnover reached 15.1 billion USD, down 7.5% compared to the second half of December 2023, of which FDI enterprises contributed 11 billion USD.
In the first half of January, there were 4 export groups with turnover of 1 billion USD or more, including: Phones and components; computers, electronic products and components; machinery, equipment, tools, spare parts; textiles.
Of which, phones and components lead with 2.86 billion USD, accounting for nearly 19% of the country's export turnover. Second place is computers, electronic products and components reaching 2.24 billion USD, accounting for 14.85%. Machinery, equipment, tools, spare parts; textiles with the results respectively: 1.63 billion USD, accounting for 10.8%; nearly 1.3 billion USD, accounting for 8.55%.
The four main commodity groups alone account for 53.2% of the country's export turnover.
In contrast, import turnover in the first half of January reached 14.7 billion USD, up 7.6% over the previous period, of which the turnover of FDI enterprises reached 9.48 billion USD.
Two groups of USD imported goods are computers, electronic products and components reaching 4.27 billion USD; machinery, equipment, tools and spare parts reaching 1.92 billion USD.
Thus, the trade balance over the past 15 days had a surplus of about 400 million USD.
In the agricultural sector, in the first half of January 2024, the country's fruit and vegetable export turnover continued to maintain impressive growth momentum, reaching 229.37 million USD, an increase of 50% (equivalent to an additional turnover of more than 76 million USD), approximately equal to the figure of the whole month of January 2023 (January 2023 reached 240.47 million USD).
According to the Ministry of Industry and Trade, Vietnam's goods export picture is still recording risky factors as the world economic recovery remains quite fragile.
The global economy in 2024 is not brighter, purchasing power is still slow, export activities are even more difficult when tensions in the Red Sea directly affect the vital shipping route, pushing up the cost of transporting goods to Vietnam's main export markets such as the United States, EU, and Canada.
The Red Sea tensions have negatively impacted international trade, with shipping between Asia, Europe and the Northeast Coast of America taking longer and costing more. This is detrimental to Vietnam’s ability to recover its exports.
The Ministry of Industry and Trade has also recommended that industry associations and logistics enterprises monitor and update the situation to businesses to proactively plan production and import and export. At the same time, seek and diversify supply sources to limit the impact on the supply chain, and learn about rail transport methods to have other options for delivery methods.
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