Vietnam enjoys trade surplus of 2.92 billion USD in first month of 2024

Vietnam’s export value has been estimated at 33.57 billion USD in January 2024, a sharp surge of 42% over the same period last year, contributing to generating a trade surplus of 2.92 billion USD in the first month of this year.

According to the General Department of Customs, Vietnam’s export value reached 33.57 billion USD in January 2024, up 6.7% over the previous month, while import value totalled 30.65 billion USD, up 4.2% against the previous month.

The country’s total import and export revenue has been reported at 64.22 billion USD in the first month of 2024, an increase of 5.5% over the previous month and up 37.7% over the same period last year.

The General Department of Customs said that the state budget revenue collected from import and export activities in January 2024 hit 30.65 trillion VND, equivalent to 8.2% of the estimate and up 13.2% over the corresponding period in 2023.

In the first month of this year, the customs sector also detected and handled more than 1,250 cases of legal violations with an estimated total value of goods at about 1.61 trillion VND, collecting nearly 23 billion VND from these cases to contribute to the budget.