Import-export turnover rises by 12% as of mid-March
VOV.VN - Vietnamese import-export trade turnover recorded approximately US$163 billion as of March 15, marking a 12% growth compared to the same period in 2024, the Department of Customs reported.
Export turnover amounted to US$82.3 billion, up 9.1% year on year, while import value surged by 15.2% to US$80.49 billion. The trade surplus stood at US$1.81 billion.
In the first half of March alone, the trade turnover fetched US$35.66 billion, with export earnings at US$17.98 billion and import value at US$17.68 billion, resulting a trade surplus at US$300 million.
By mid-March, 13 product categories posted an export value above US$1 billion each totaling US$65 billion, accounting for 79% of the country’s total import-export turnover.
The two groups of items earning over US$10 billion each were computers, electronic products and components (US$16.5 billion, up 29.1%), and phones and components (US$11.5 billion, down 1.7%).
According to the Ministry of Industry and Trade (MoIT), many export opportunities will open up for businesses this year, yet they are required to overcome challenges if they hope to reach their target amidst global uncertainties.
The MoIT aims for a 12% export growth, reaching US$454 billion in 2025. This means Vietnam must export US$37.8 billion per month, an increase of over US$4 billion per month compared to the current performance—a challenging target amid global trade uncertainties and new US trade policies that may negatively impact the country’s exports.