Import and export flourish, trade surplus reaches nearly 12 billion USD

The country's trade surplus after the first half of the year reached 11.85 billion USD, according to the latest statistics of the General Department of Customs.

According to the General Department of Customs, in June 2024, the total turnover import export The country's total export turnover reached 64.12 billion USD, down 1.3% (equivalent to a decrease of 0.88 billion USD) compared to the previous month.

In there, export in the month reached 33.66 billion USD, up 4.3% (equivalent to an increase of 1.39 billion USD) compared to the previous month; imports in the month reached 30.46 billion USD, down 6.9% (equivalent to a decrease of 2.27 billion USD).

In June, our country had a trade surplus of 3.2 billion USD.

In the first 6 months of the year, the country's total import-export turnover reached 369.62 billion USD.

In the first 6 months of the year, the total import-export turnover of the whole country reached 369.62 billion USD, an increase of 16% (equivalent to an increase of 51.08 billion USD) over the same period last year.

Of which, exports reached 190.73 billion USD, up 14.9% (equivalent to an increase of 24.74 billion USD).

By the end of June, there were 5 export commodity groups with export turnover of 10 billion USD or more, including: Computers, electronic products and components reached 33.67 billion USD, up 31.5%; phones and components reached 27.15 billion USD, up 11%; machinery, equipment, tools and spare parts reached 23.16 billion USD, up 17.3%; textiles reached 16.52 billion USD, up 4.6%; footwear reached 10.72 billion USD, up 8.8%.

In contrast, by the end of June, import turnover reached 178.88 billion USD, an increase of 17.3% (equivalent to an increase of 26.34 billion USD) over the same period last year.

The two groups of imported goods with a turnover of tens of billions of dollars were computers, electronic products and components reaching 49.32 billion USD, up 27.9%; machinery, equipment, tools and spare parts reaching 22.4 billion USD, up 15.1%.

By the end of June, Vietnam's trade balance of goods had a surplus of 11.85 billion USD.

Thus, the import and export turnover of goods is showing many positive signs as it continues to grow steadily at double digits, instead of declining like in the second half of last year.

To boost import and export of goods from now until the end of the year, the Ministry of Industry and Trade has determined: Closely monitor market developments and policy changes of partners to propose appropriate solutions, diversify traditional and new export markets. At the same time, continue to promptly inform industry associations about developments in the export market so that businesses can promptly adjust their production plans appropriately, orient their search for orders from markets; regularly maintain trade promotion conferences with the Vietnamese Trade Office system abroad.

In addition, direct the Vietnam Trade Office system in market areas to regularly update information on foreign market situations; regulations, standards, and conditions of foreign markets that may affect Vietnam's import and export activities and make recommendations to localities, associations, and import-export enterprises.

The Ministry of Industry and Trade also strives to effectively exploit Free Trade Agreements (FTAs), accelerate negotiations and signing of FTAs, and new economic linkages to diversify markets, supply chains and boost exports; develop logistics services; support businesses to strongly shift to official exports associated with brand building;

In addition, strengthen the capacity of trade defense, perfect the legal system, institutions, and inter-sectoral and local coordination mechanisms; proactively monitor and protect the legitimate interests of domestic manufacturing industries; continue to improve and promote early warning of foreign trade defense cases against Vietnamese export goods; continue to promote the fight against evasion of trade defense measures and origin fraud; strengthen information work and disseminate knowledge about trade defense for manufacturing industries and enterprises.

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