Vietnam's goods exports rise 14.5% YoY in H1 2024 to $190.08 bn

The domestic sector saw exports rise by 20.6 per cent YoY to 53.39 billion in H1 2024, accounting for 28.1 per cent of the total.

The foreign-invested sector, including crude oil, saw a 12.3-per cent rise in exports to $136.69 billion, making up the remaining 71.9 per cent.

Processed industrial goods dominated exports, generating an estimated turnover of $166.79 billion.

Imports rose by 17 per cent YoY to $178.45 billion. The domestic economic sector contributed $65.74 billion to the import turnover—a 22.3 per cent YoY increase, while the foreign-invested sector imported $112.71 billion worth of goods—up by 14.1 per cent YoY.

Raw materials for production were the leading import category, accounting for 94 per cent share with a value of $167.73 billion, a domestic news agency reported.

The United States was the largest export market, accounting for $54.3 billion. China was the largest source of goods and services for Vietnam, with imports being worth $67 billion.

ALCHEMPro News Desk (DS)