7M trade value hits $439.88 bln

Vietnam's total import-export value reached $439.88 billion in the first seven months of 2024, marking a 17.1% increase compared to the same period last year, according to statistics released by the General Statistics Office on July 29.

In July alone, the total trade revenue was estimated at $69.72 billion, up 8.7% compared to the previous month and 21.8% year-on-year.

In the seven-month period, exports gained $226.98 billion, a year-on-year growth of 15.7%.

Foreign direct investment (FDI) enterprises still played a significant role, with their total export value reaching $163.9 billion, accounting for 72.2% of the total and up 13.8% year-on-year. Domestic businesses also saw substantial growth, with their total export value surging 21.1% year-on-year to $63.08 billion.

Thirty products posted export revenue in excess of $1 billion, accounting for 91.9% of the country’s total. Nine posted turnover of $10 billion or more, or 70.8% of the total.

Vietnam's import value in the seven-month period amounted to $212.9 billion, soaring 18.5% compared to the same period of 2023.

The trade surplus of  the country in the period reached $14.08 billion, as a result.