Between January and May of this year, Vietnam achieved a trade surplus of $8.01 billion, as reported by the General Statistics Office (GSO). Export revenue totaled $156.77 billion, while imports reached $148.76 billion, representing increases of 15.2% and 18.2% year on year (YoY), respectively.
Of the export earnings, $43.69 billion came from the domestic sector and $113.08 billion from foreign-invested enterprises, marking YoY growth of 20.5% and 13.3%, respectively.
During this period, 26 product categories surpassed billion in export turnover, accounting for 90% of the total, with seven exceeding billion.
The processing sector contributed significantly to export revenue, reaching $137.39 billion, equivalent to 87.7% of the total export revenue.
Imports by the domestic sector amounted to $54.95 billion, while foreign-invested enterprises imported goods worth .
81 billion, marking YoY increases of 24.2% and 14.9%, respectively.
Imports of 27 groups of goods exceeded billion each, with capital goods being the major import category, valued at approximately 9.
89 billion.
The United States was Vietnam’s largest export market, with revenues of $44 billion, while China was the leading import market, with purchases totaling $54.9 billion.
Vietnam recorded trade surpluses of $38.1 billion with the United States, $14.3 billion with the European Union, and 0 million with Japan during the period.
However, it experienced trade deficits of $32.3 billion with China, $11.1 billion with South Korea, and .
2 billion with the Association of Southeast Asian Nations (ASEAN).
