Vietnam posts trade surplus of US$8.01 billion in five-month period
  • | VOV | May 30, 2024 08:25 AM
Vietnam racked up a trade surplus of US$8.01 billion during the first five months of the year, lower than last year’s figure of US$10.2 billion, according to the latest data released by the General Statistics Office (GSO).

In line with the data, the domestic economic sector witnessed a trade deficit of US$11.26 billion, while the foreign invested sector enjoyed a trade surplus of US$19.27 billion.

May alone saw total import and export turnover stand at an estimated US$66.62 billion, up 9.1% over the previous month and up 22.6% against the same period from last year.

Of the total, the country fetched US$32.81 billion from exports, up 5.7% over the previous month and up 15.8% on-year. During the five-month period, the nation grossed US$156.77 billion from imports and exports, marking an annual rise of 15.2%.

Most notably, the group of processed industrial goods earned a turnover of US$137.39 billion, thereby accounting for 87.7% of the total. In the reviewed period, import turnover was estimated to be at US$148.76 billion, up 18.2% against the same period from last year. The category of capital goods reached US$139.89 billion, accounting for 94%.

Moreover, the United States remained the country’s largest export market with an estimated turnover reaching US$44.0 billion.

Elsewhere, China can be considered the largest importer of Vietnamese products with turnover of US$54.9 billion.

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