Trade surplus of nearly 5 billion dollars

(HQ Online) - It is estimated that Vietnam continued to maintain its trade surplus momentum in February to raise the trade surplus in the first two months of the year to an estimated figure of nearly 5 billion USD.

Vietnam maintained a large trade surplus in the first two months of the year. Photo: T.Binh.

According to information released by the General Department of Customs this afternoon (March 4), exports in February are estimated at 24.82 billion USD, down 28.1% (equivalent to a decrease of 9.71 billion USD) compared to the previous month.

Meanwhile, imports in February were estimated at 23.72 billion USD, down 23.2% (equivalent to a decrease of 7.18 billion USD) compared to the previous month.

In general, the total import-export turnover in February is estimated at 48.54 billion USD, down 25.8% (equivalent to a decrease of 16.89 billion USD) compared to the previous month. Thus, the trade balance in February is estimated to have a trade surplus of 1.1 billion USD.

It is understandable that import and export activities in February tend to decrease compared to January 2024 because this month has the occasion of Tet holiday of Giap Thin 2024.

Accumulated in the first two months of 2024, the country's exports are estimated at 59.34 billion USD, up 19.2% (equivalent to an increase of 9.57 billion USD) over the same period last year, imports are estimated at 54.62 billion USD, up 18.0% (equivalent to an increase of 8.33 billion USD).

In general, the total import-export turnover in the first two months of 2024 is estimated at 113.96 billion USD, an increase of 18.6% (equivalent to an increase of 17.9 billion USD) over the same period last year, the trade balance in the first two months of 2024 is estimated to have a trade surplus of 4.72 billion USD.

Regarding state budget revenue, revenue from import-export activities in February reached VND25,118 billion and accumulated revenue in the first two months of the year reached VND56,420 billion, reaching 15% of the estimate, down 2.4% over the same period last year.

Source