Vietnam’s import-export turnover during the first five months of this year reached USD 305.1 billion, a year-on-year increase of 15.6 percent, according to a report released on May 29 from the General Statistics Office of Vietnam (GSO).
Of the total, Vietnam reported 152.81 billion in export revenue, a year-on-year increase of 16.3 percent.
Twenty-six groups of commodities posted an export value of over USD 1 billion each, with six with over USD 5 billion, in the first five months of 2022. Together they accounted for 89.6 percent of the country’s total export, of which manufacturing industry accounted for 88.6 percent (0.5 percent decrease from the same period last year), seafood 3.1 percent (0.6 percent increase) and agricultural and forestry products 6.9 percent (0.5 percent decline).
Meanwhile, imports turnover reached USD 152.29 billion, a 14.9 percent increase year-on-year with the domestic sector accounting for USD 53.36 billion and the foreign-invested one USD 98.93 billion, up 14.7 percent and 14.9 percent, respectively.
The US remained Vietnam's largest export market with an estimated turnover of USD 46.7 billion, while China was the largest import market with USD 49.6 billion in the first five months of 2022.
The country posted a trade surplus of USD 516 billion in the period. Specifically, it reported a trade plus of USD 13.4 billion with the European Union, a 43.6 percent increase year-on-year, but a trade deficit of USD 27.1 billion with China, USD 17.9 billion with the Republic of Korea and USD 6.5 billion with ASEAN.- (VNA/VLLF)