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Vietnam's trade surplus reaches 4.72 billion USD in Jan-Feb

Vietnam has recorded a trade surplus of 4.72 billion USD in the first two months of 2024, higher than the figure of 3.5 billion USD reported in the same period last year, according to the General Statistics Office (GSO).
Vietnam's trade surplus reaches 4.72 billion USD in Jan-Feb ảnh 1Cat Lai port in Ho Chi Minh City. (Photo: VNA)
Hanoi (VNA) – Vietnam has recorded a trade surplus of 4.72 billionUSD in the first two months of 2024, higher than the figure of 3.5 billion USD reportedin the same period last year, according to the General Statistics Office (GSO).

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

Specifically, exports are estimated at 24.8billion USD in February, down 28.1% month-on-month, and 5% year-on-year; and at59.34 billion USD in the first two months, up 19.2% year-on-year.

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

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

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