Import-export turnover rises over 12% in two months
VOV.VN - Vietnam’s import-export trade turnover hit US$127.07 billion in the opening two months of the year, marking a rise of 12% year on year, with a trade surplus of US$1.47 billion, according to the General Statistics Office (GSO).
In February alone, the trade turnover reached US$63.77 billion, up 0.7% from January and up 32.6% compared to February last year, reported the GSO.
Export earnings fell 6.2% in February to US$31.11 billion, but rose 8.4% in the first two months to US$64.27 billion.
Of the export earnings in February, the domestic sector contributed US$8.39 billion, down 12%, while the foreign-invested sector generated US$22.72 billion, down 3.8%.
On the import side, the turnover of goods in February reached US$32.66 billion, up 8.4% from January, thereby bringing the two-month import value to US$62.8 billion, up 15.9% year on year.
Over the past two months, the United States was the largest consumer of Vietnamese goods with a value of US$19.6 billion, while China was the largest supplier of goods to Vietnam with a value of US$23.3 billion.
Throughout the reviewed period, 16 product categories posted export value above US$1 billion each, accounting for 76.2% of the country’s total import-export turnover.
Garment industry targets US$47-48 billion in export turnover next year
Vietnam’s textile and garment industry aims to achieve US$47–48 billion in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
