Vietnam's import-export revenue hits record high of nearly 800 billion USD
(VOVWORLD) - Vietnam's total import-export turnover in 2024 reached nearly 800 billion USD, almost three times the set target and a record high in nearly 40 years of national renewal, according to the Ministry of Industry and Trade.
 (Source: tapchicongthuong.vn) |
Notably, agro-forestry-aquatic exports are estimated at 62.5 billion USD, including 7.2 billion USD from fruits and vegetables. Vietnam’s goal of ranking among the top five global fruit exporters next year is within reach, said Dang Phuc Nguyen, Secretary General of the Vietnam Fruit and Vegetable Association.
"We could earn 8 billion USD next year as new opportunities arise, including the export of frozen durian and fresh coconuts to China. We are negotiating to ship passion fruit to the US," said Nguyen.
In 2024, Vietnam earned 5.8 billion USD from exporting 9 million tonnes of rice, a record high in both volume and value, while coffee export is estimated at 5.5 billion USD. This is the first time Vietnam’s coffee export turnover has surpassed the 5 billion USD mark.
The cashew industry also achieved a historic milestone with export revenue of 4.3 billion USD, solidifying Vietnam’s position as the world’s number one cashew kernel exporter for nearly two decades.
Beyond the agricultural sector, textile and garment exports are another highlight. Export turnover is projected to reach 44 billion this year, up 11% from 2023. With this result, Vietnam’s textile and garment industry will overtake Bangladesh to reclaim the position of the world’s second-largest exporter, behind India in export surplus. The sector is expected to see even greater prospects in 2025 when major markets like the US and EU recover and consumer spending improves.