Vietnam's Trade Triumph

In an impressive display of economic resilience, Vietnam has reported a $3.16 billion trade surplus in the first quarter, fueled by a 10.6% growth in export earnings and a 17% rise in import turnover.

March's Remarkable Performance

March alone saw trade revenues soar to $75.39 billion, marking an 18.2% increase from February and a 16.6% year-on-year growth. The export value for the month reached $38.51 billion, with the domestic sector growing by 32.1% and the foreign-invested sector by 20.7%.

Quarterly Export Highlights

Over the first quarter, Vietnam's exports totaled $102.84 billion, a 10.6% increase from the previous year. The domestic sector contributed $29.02 billion, while the foreign-invested sector, including crude oil, accounted for $73.82 billion.

Import Insights

Imports for the Jan–March period amounted to $99.68 billion, with the domestic sector importing $36.78 billion worth of goods and the foreign-invested sector $62.9 billion.

Key Markets

The U.S. remains Vietnam's largest export market with $31.4 billion in turnover, while China is the biggest import source at $38.1 billion. Vietnam's trade surplus with the U.S. grew by 22.1%, and with the EU by 15.7%.