According to the General Statistics Office, in the first 4 months of 2024, Vietnam’s total import-export turnover of goods reached 238.88 billion USD, an increase of 15.2% over the same period last year. Of which, export turnover of goods is estimated at 123.64 billion USD, up 15% over the same period.

More than 123 billion USD of Vietnamese goods will be exported in the first 4 months of 2024

Accordingly, in the first 4 months of 2024, there are 21 items with export turnover of over 1 billion USD, accounting for 86.4% of total export turnover (there are 5 export items with export turnover of over 5 billion USD, accounting for 57.8% ). Regarding the structure of export goods group, in the first 4 months of 2024, the group of processed industrial goods is estimated to reach 108.27 billion USD, accounting for 87.5%.

Of which, the export turnover of electronics, computers and components reached 21.6 billion USD, an increase of 34.9% over the same period last year (the highest increase among the group of products with leading export value). ) and accounts for over 17.5% of the country’s total export turnover. The major export markets for this product group are still the EU, the United States, and China. It is forecast that exports of electronics, computers and components will continue to grow strongly in 2024.

In terms of each locality, based on data announced by the General Department of Customs, in the first 4 months of 2024, there are 21 provinces and cities recording export turnover of over 1 billion USD, including 4 localities. recorded export turnover exceeding the 10 billion USD mark.

Accordingly, Ho Chi Minh City is currently the leading locality in the country, with export turnover of goods reaching 14.7 billion USD in the first 4 months of the year, accounting for 11.9% of the total export turnover of the country. If calculated in April 2024 alone, the city’s export turnover is estimated to reach 3.7 billion USD.

After Ho Chi Minh City, Bac Ninh is the locality with the second highest export turnover in the country, with an estimated export turnover of 11.21 billion USD in the first 4 months of 2024, accounting for 9% of the country’s total export turnover. Followed by Thai Nguyen, Binh Duong and Hai Phong, with export turnover reaching 10.96 billion USD respectively; 10.7 billion USD and 9.5 billion USD.

5 localities with the highest contributions. source: General Department of Customs

Regarding the export and import market of goods in the first four months of 2024, the United States is Vietnam’s largest export market with an estimated turnover of 34.1 billion USD. China is Vietnam’s largest import market with an estimated turnover of 41.6 billion USD.

In the first 4 months of 2024, trade surplus to the United States is estimated to reach 29.6 billion USD, up 21.6% over the same period last year; Trade surplus to the EU is estimated at 11.4 billion USD, up 16.7%; Trade surplus to Japan was 209 million USD, down 41.8%; Trade deficit from China is 23.6 billion USD, up 41.4%; Trade deficit from Korea 8.7 billion USD, up 2.3%; Trade deficit from ASEAN was 3.6 billion USD, up 47.1%.

According to the General Statistics Office, export is one of the three main growth drivers of the economy, but is significantly affected when global trade slows down, export markets shrink, and export turnover declines. decreased, many businesses have not been able to find new orders because consumer demand in the US, EU, Japan… is low, so they have to moderate production, find ways to retain workers, and wait for the market to warm up.

To promote export activities, recently, the Government and ministries and branches have made efforts to implement many measures to open export markets; Among them, there are great achievements in negotiation and market opening. To take advantage of this market opening opportunity, the issue that needs attention is to develop sources of goods for export, meet quality requirements, increase value-added content and ensure that requirements are met. on rules of origin to enjoy preferential tariffs under agreements.

In addition, businesses need to quickly grasp opportunities and take advantage of incentives from free trade agreements (FTAs) to enjoy many benefits from low tax rates and support mechanisms among members. signing FTA, through removing non-tariff barriers; innovate trade promotion activities, implement digital transformation to promote export of goods…