Trade surplus is more than USD 8 billion in the first 5 months of the year

In May alone, export turnover was estimated at USD 32.81 billion, up 5.7% over the previous month. Of which, the domestic economic sector reached USD 9.37 billion, an increase of 2.7%; The foreign invested sector (including crude oil) reached USD 23.44 billion, an increase of 6.9%. Compared to last year's period, export turnover in May increased by 15.8%.

The import turnover of goods is estimated at USD 33.81 billion, up 12.8% over the previous month. Of which, the domestic economic sector reached USD 12.81 billion, an increase of 11.2%; The foreign investment sector reached USD 21 billion, an increase of 13.7%. Compared to last year, import turnover in May increased by 29.9%.

In May, the total import and export turnover of goods was estimated at USD 66.62 billion, up 9.1% over the previous month and up 22.6% over the same period last year.

Regarding the structure of export goods in the past 5 months, the fuel and mineral goods group is estimated at USD 2.06 billion, accounting for 1.3%; The group of processed industrial goods is estimated at USD 137.39 billion, accounting for 87.7%; Agricultural and forestry products are estimated at USD 13.82 billion, accounting for 8.8%; The seafood group is estimated to reach USD 3.5 billion, accounting for 2.2%.

From the beginning of the year until now, import turnover of goods is estimated at USD 148.76 billion, up 18.2% over the same period last year. Of which, the domestic economic sector reached USD 54.95 billion, an increase of 24.2%; The foreign investment sector reached USD 93.81 billion, an increase of 14.9%.

Regarding the structure of imported goods in the first 5 months of the year, the capital goods group is estimated at USD 139.89 billion, accounting for 94%. Of which, the group of machinery, equipment, tools and spare parts accounts for 45.7%; The group of raw materials, fuel, and materials accounts for 48.3%; The consumer goods group is estimated to reach USD 8.87 billion, accounting for 6%.

Regarding the export and import market of goods in the first five months of 2024, the US is Vietnam's largest export market with an estimated turnover of USD 44 billion. China is Vietnam's largest import market, with an estimated turnover of USD 54.9 billion.

In the first 5 months of 2024, the trade surplus to the US is estimated to reach USD 38.1 import and export turnover of goods reached USD 305.53 billionbillion, up 24.2% over the same period last year; Trade surplus to the EU is estimated at USD 14.3 billion, up 18.4%; the Trade surplus to Japan was USD 290 million, down 61.8%. Trade deficit from China was USD 32.3 billion, up 55.9%; Trade deficit from Korea was USD 11.1 billion, up 1.3%; Trade deficit from ASEAN was USD 4.2 billion, up 39.1%.