Vietnam's Jan export turnover up 42% YoY; trade surplus $2.92 bn

12 Feb '24

1 min read

Pic: Adobe Stock

Insights

Vietnam's export turnover in January was an estimated $33.57 billion—up by 42 per cent YoY, leading to a trade surplus of $2.92 billion.
Imports were estimated at $30.65 billion—up by 4.2 per cent month on month (MoM) and 33.3 per cent YoY.
In January, total import-export value was $64.22 billion—an MoM rise of 5.5 per cent and a YoY growth of 37.7 per cent.

Vietnam’s export turnover in January this year was an estimated $33.57 billion—up by 42 per cent year on year (YoY). That led to a trade surplus of $2.92 billion, according to the general department of customs.

The value of imports, meanwhile, was estimated at $30.65 billion—up by 4.2 per cent month on month (MoM) and 33.3 per cent YoY.

In January, total import and export value was estimated at $64.22 billion, posting an MoM increase of 5.5 per cent and a YoY growth of 37.7 per cent.

The export revenue target set by the ministry of industry and trade this year is 6 per cent higher, or $377 billion, with the trade surplus projected at $15 billion, according to domestic media reports.

The country’s total export revenue reached $355.5 billion last year, down by 4.4 per cent YoY.

ALCHEMPro News Desk (DS)

More Textiles News - Vietnam...