The figure includes $15.08 billion in export turnover—up by 4.1 per cent YoY. Of this, the export value of domestic economic sector was an estimated $4.02 billion—up by 10.4 per cent YoY, while the same of industries with foreign direct investment (including crude oil) rose by 1.9 per cent YoY to $11.06 billion, a domestic media outlet reported.
After a double-digit reduction in the first quarter (Q1) last year, the country's exports started to pick up in Q2. From July 2023 to the end of the year, export value reached more than $30 billion each month.
The country’s exports fell by 4.4 per cent YoY last year from $355.5 billion in 2022.
It aims at raising its total export turnover by about 6 per cent this year compared to the 2023 figure and maintain a trade surplus of about $15 billion for the ninth consecutive year.
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