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Import and export flourished, trade surplus reached nearly 12 billion USD

According to the General Department of Customs, in June 2024, the country's total import-export turnover reached 64.12 billion USD, down 1.3% (equivalent to a decrease of 0.88 billion USD) compared to the previous month.

Of which, exports in the month reached 33.66 billion USD, an increase of 4.3% (equivalent to an increase of 1.39 billion USD) compared to the previous month; Imports in the month reached 30.46 billion USD, down 6.9% (equivalent to a decrease of 2.27 billion USD).

In June, our country had a trade surplus of 3.2 billion USD.

Accumulated in the first 6 months of the year, the country's total import-export turnover reached 369.62 billion USD, an increase of 16% (equivalent to an increase of 51.08 billion USD) compared to the same period last year.

Of which, exports reached 190.73 billion USD, an increase of 14.9% (equivalent to an increase of 24.74 billion USD).

By the end of June, there were 5 export product groups with an export turnover of 10 billion USD or more, including: Computers, electronic products and components reached 33.67 billion USD, an increase of 31.5%; phones and components reached 27.15 billion USD, an increase of 11%; machinery, equipment, tools, and spare parts reached 23.16 billion USD, an increase of 17.3%; textile and garment reached 16.52 billion USD, up 4.6%; footwear reached 10.72 billion USD, an increase of 8.8%.

On the contrary, by the end of June, import turnover reached 178.88 billion USD, an increase of 17.3% (equivalent to an increase of 26.34 billion USD) compared to the same period last year.

Two groups of imported goods reached a turnover of tens of billions of dollars: computers, electronic products and components reached 49.32 billion USD, an increase of 27.9%; machinery, equipment, tools, and spare parts reached 22.4 billion USD, an increase of 15.1%

By the end of June, Vietnam's trade balance of goods had a surplus of 11.85 billion USD.

Thus, the import-export turnover of goods is showing many positive signs as it continues to grow steadily in double digits, instead of declining like the second half of last year.

To promote import and export of goods from now until the end of the year, the Ministry of Industry and Trade determines: Closely monitor market developments and change partners' policies to propose appropriate solutions and develop a variety of products. traditional export markets and new markets. At the same time, continue to promptly inform industry associations about developments in export markets so that businesses can promptly adjust appropriate production plans and orient to seek orders from markets; Regularly maintain trade promotion conferences with the Vietnam Trade Office system abroad.

In addition, direct the Vietnam Trade Office system in market areas to regularly update information on foreign market situations; Regulations, standards, and conditions of foreign markets that can impact Vietnam's import and export activities and recommendations for localities, associations, and import-export businesses.

The Ministry of Industry and Trade also strives to effectively exploit Free Trade Agreements (FTAs), speed up negotiations and signing of FTAs, and new economic linkages to diversify markets, supply chains and promote export; developing logistics services; Support businesses to strongly shift to official export associated with brand building;

In addition, strengthen capacity in trade defense, improve the legal system, institutions, and inter-sectoral and local coordination mechanisms; proactively monitor and protect the legitimate interests of domestic manufacturing industries; continue to improve and promote early warning of foreign trade defense cases against Vietnamese export goods; continue to promote the fight against evasion of trade defense measures and origin fraud; Strengthen information work and disseminate knowledge about trade remedies to manufacturing industries and businesses.

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