Việt Nam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, higher than the figure of $3.5 billion reported in the same period last year, according to the General Statistics Office (GSO).

 

In the period, the country's total import-export turnover is estimated at $113.96 billion, up 18.6% year-on-year.

 

Specifically, exports are estimated at $24.8 billion in February, down 28.1% month-on-month, and 5% year-on-year; and at $59.34 billion in the first two months, up 19.2% year-on-year.

 

There are 11 commodities that recorded an export value of over $1 billion each, accounting for 75.1% of the total export revenue. Notably, four commodities see their export value surpassing $5 billion.

 

Meanwhile, imports are estimated at $23.72 billion in February, down 23.2% month-on-month, and at $54.62 billion in the first two months, up 18% year-on-year.

 

The US was Vietnam's largest export market in the period, with an estimated turnover of $17.4 billion, up 33.7% year-on-year, while China was the country's biggest import market with an estimated turnover of $20.9 billion, up 49.7% year-on-year. — VNS