Import and export activities at Nam Dinh Vu Port, Hai Phong.

The results achieved in the second half of August 2024 increased by 17% of the total import and export turnover of the whole country in 8 months to US$512.31 billion compared to the same period in the previous year.

The export turnover in the second half of the year rose 22.5% to US$20.73 billion year-on-year. The export turnover of commodity groups sees strong growth such as computers, electronic products and components up 24.4%; machinery, equipment, tools and spare parts up 29.9%; textiles and garments up 18.9%; phones of all kinds and components up 11.8%; iron and steel of all kinds up 64.8%...

In the first 8 months of the year, Vietnam's total export turnover reached US$265.44 billion, up 15.9% (or US$36.48 billion) compared to the same period last year.

The import turnover in the second half of August reached US$17.29 billion, up 8.1% (or US$1.29 billion) compared to the previous period last year.

The import turnover of some commodity groups increased such as corn up 362.8%; computers, electronic products and components up 3.1%; animal feed and raw materials up 82.8%; coal of all kinds up 39.5%...

However, data from the General Department of Vietnam Customs recorded a number of import groups with a sharp decrease in import turnover compared to the first half of August 2024 such as: crude oil down 40%; petroleum products down 29.7%; soybeans down 63.8%; scrap iron and steel down 31%...

By the end of August, the total import turnover of the whole country rose 18.1% to US$246.87 billion compared to the same period last year.

In the second half of August, the trade balance had a surplus of US$3.45 billion. In the first 8 months, the trade balance had a surplus of US$18.57 billion, down 6.7% compared to the surplus of US$19.9 billion in the same period last year.