The whole country recorded 21 items with export turnover of over USD 1 billion, accounting for 86.4% of total export turnover, of which, there were 5 export items with export turnover of over USD 5 billion, accounting for 57.8%. Regarding the structure of export commodity groups, in the first four months of 2024, the group of processed industrial goods is estimated to reach USD 108.27 billion, accounting for 87.5%.

In the opposite direction, the import turnover of goods in April 2024 is estimated at USD 30.26 billion, decreased by 2% over the previous month and increased by 19.9% over the same period last year. In the first 4 months of 2024, import turnover is estimated at USD 115.24 billion, an increased of 15.4% over the same period last year.

In the past 4 months, there were 20 imported products worth over USD 1 billion, accounting for 78.9% of total import turnover. Imports of capital goods are estimated at USD 108.33 billion, accounting for 94%. China is Vietnam's largest import market for goods with an estimated turnover of USD 41.6 billion.

Overall, in the first 4 months of 2024, the trade balance of goods is estimated to have a trade surplus of USD 8.4 billion (the same period last year with a trade surplus of USD 7.66 billion).

Export turnover of processing and manufacturing industrial goods is estimated at USD 104.65 billion, accounting for 85% of total export turnover and an increase of 14.5% over the same period in 2023. Among them, many product groups achieved high export turnover growth rates, including key export items such as: Cameras, camcorders and accessories with an increase of 63.5%; computers, electronic products and components with an increase of 34.9%; plastic products with an increase of 29.6%; timber and wood products with an increase of 23.7%; iron and steel of all kinds with an increase of 20.7%; machinery, equipment, tools, and other spare parts with an increase of 10%; means of transport and spare parts with an increase of 9.9%; textiles and garments with an increase of 6.3%; footwear of all kinds with an increase of 5.7%; phones and accessories of all kinds with an increase of 6.6%, etc.

The export turnover of mineral fuel products is estimated at USD 1.65 billion, an increase of 28% over the same period in 2023.

Regarding the export market of goods in the first four months of 2024, export turnover to most of Vietnam's major markets and trading partners in the first four months of 2024 has recovered well and achieved high growth.

In particular, the United States continues to be Vietnam's largest export market with an estimated turnover of USD 34.12 billion, accounting for 27.6% of the country's total export turnover and an increase of 19.1% over the same period (same period decreased by 21.6%); followed by the Chinese market estimated at USD 17.96 billion, an increase of 14.4% (same period in 2023 decreased by 13%); EU market is estimated at USD 16.35 billion, an increase of 15% (same period decreased by 10.8%); Korea Republic is estimated to reach USD 8.36 billion, an increase of 10.2%; Japan is estimated to reach USD 7.66 billion, an increase of 4.6%.

Kylie Nguyen