In the first half of January, the total preliminary import and export turnover of goods reached nearly USD 29.78 billion, an increase of 5% over the same period last year. Of which, exports increased by 4% and imports increased by 7%.

Data from the General Statistics Office shows that in the first half of January, the total preliminary imports and exports of goods reached nearly USD 29.78 billion, an increase of 5% over the same period last year. The trade balance of goods with a surplus of USD 380 million, while in the same period last year the trade surplus was USD 730 million.

Of which, the domestic economic sector's trade deficit of USD 1.19 billion; the foreign invested sector (including crude oil) had a trade surplus of USD 1.57 billion.

As of the end of January 15, preliminary exports of goods reached nearly USD 15.1 billion, an increase 4% over the same period last year. Of which, the domestic economic sector will reach USD 4 billion, an increase of 10% over the same period in 2023, accounting for 27% of total exports. The foreign investment sector (including crude oil) reached nearly USD 11.1 billion, an increase of 2% and accounting for 73%.

In the first half of January, Vietnam had four products with export turnover of over USD 1 billion, accounting for 53% of total export turnover.

Of which, the group of processed industrial goods reached USD 13.35 billion, accounting for 88.5%; Agricultural and forestry products reached USD 1.3 billion, accounting for 8.7%; seafood group reached USD 318 million, accounting for 2.1%; The remaining are fuel and mineral products.

In the opposite direction, import turnover in the first half of January reached USD 14.7 billion, an increase of 7% over the same period last year.

Of which, the domestic economic sector reached USD 5.2 billion, an increase of 19%, accounting for 35.5% of total import turnover; the foreign investment sector reached USD 9.5 billion, increased by 1%, accounting for 64.5%.

Vietnam has two products with import turnover of over USD 1 billion, accounting for 42% of total imports. Of which, the group of production materials reached USD 13.8 billion, accounting for 94.1%; the remaining are consumer items.

Kylie Nguyen