According to the General Statistics Office, import and export of goods in the first 7 months of the year reached USD 439.88 billion, the trade balance of goods is estimated to have a trade surplus of USd 14.08 billion.

The export turnover of goods in July 2024 is estimated at USD 35.92 billion, an increase of 6.7% over the previous month. Of which, the domestic economic sector reached USD 9.87 billion, an increase of 9.8%; the foreign-invested sector (including crude oil) reached USD 26.05 billion, an increase of 5.6%.

Notably, compared to the same period last year, the export turnover of goods in July is estimated to increase by 19.1%, of which the domestic economic sector increased by 25.9%, the foreign-invested sector (including crude oil) increased by 16.7%.

Accumulated over the first 7 months of 2024, the total export turnover of goods is estimated at USSD 226.98 billion, an increase of 15.7% over the same period last year. Of which, the domestic economic sector reached USD 63.08 billion, an increase of 21.1%, accounting for 27.8% of the total export turnover; the foreign-invested sector (including crude oil) reached USD 163.9 billion, an increase of 13.8%, accounting for 72.2%.

In addition, data from the General Statistics Office also shows that in the first 7 months of 2024, there were 30 items with export turnover of over USD 1 billion, accounting for 91.9% of total export turnover. Of which, there were 9 items with export turnover of over USD 5 billion, accounting for 70.8%.

Regarding the structure of export goods in the first seven months of 2024, the fuel and mineral group is estimated to reach USD 2.48 billion, accounting for 1.1%; the processed industrial group is estimated to reach USD 199.94 billion, accounting for 88.1%; the agricultural and forestry products group is estimated to reach USD 19.27 billion, accounting for 8.5%; the seafood products group is estimated to reach USD 5.29 billion, accounting for 2.3%.

In the opposite direction, the import value of goods in July 2024 is estimated at USD 33.8 billion, an increase of 11% over the previous month. Of which, the domestic economic sector reached USD 12.2 billion, an increase of 11.3%; the foreign-invested sector reached USD 21.6 billion, an increase of 10.8%.

Over seven months, there were 35 imported items with a value of over USD 1 billion, accounting for 89.4% of total import turnover. Of which, there were 10 imported items with a value of over USD 5 billion, accounting for 62.5%.

Kylie Nguyen