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Friday, June 14, 2024

Trade revenue surges 15% in Jan-Apr

By Truc Dao

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HCMC – Vietnam’s trade in January-April soared by 15.2% year-on-year to US$238.88 billion, according to the General Statistics Office (GSO).

GSO data put exports in the first four months of the year at US$123.64 billion, up by 15% over the same period last year. Of the total, 21 export items generated revenue of over US$1 billion each, and they accounted for 86.4% of the total export revenue.

Imports also surged by 15.4% year-on-year to US$115.24 billion. There were 20 import items registering a spending bill of US$1 billion each, and making up 78.9% of the total import spending.

The country earned a trade surplus of US$8.4 billion in the period.

The U.S. was Vietnam’s top export market, with US$34.1 billion, followed by China with US$18 billion and and European Union with US$16.4 billion.

On the other hand, China maintained its position as Vietnam’s largest supplier, with an estimated value of US$41.6 billion.

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