Vietnam's 2024 trade surplus $24.77 bn; exports expand 14.3% YoY

The December trade figure was $70.53 billion—up by 6.2 per cent month on month (MoM) and 15.9 per cent YoY.

The country's exports expanded by 14.3 per cent YoY to $405.53 billion last year, while imports grew by 16.7 per cent YoY to $380.76 billion, domestic media outlets reported.

Of the total export value, the domestic sector contributed $114.59 billion—a 19.8-per cent YoY increase, accounting for 28.3 per cent. The foreign-invested sector, including crude oil, generated $290.94 billion in exports—up by 12.3 per cent YoY and comprising 71.7 per cent.

Of the total import value, the domestic sector went up by 19.5 per cent to $140.11 billion, and the foreign-invested sector recorded $240.65 billion—a 15.1-per cent increase.

ALCHEMPro News Desk (DS)