Total import and export turnover reached over $305 billion

According to data just announced by the General Statistics Office, in May 2022, the total import and export turnover of goods was estimated at $62.69 billion, down 4.7% over the previous month and up 14.5% compared to the same period last year.

Overall, in the first 5 months of 2022, the total export and import turnover of goods reached $305.1 billion, up 15.6% over the same period last year, of which exports increased by 16.3%; imports increased by 14.9%.

The trade balance of goods in the first five months of the year was estimated to have a trade surplus of $516 million (in the same period last year, the trade deficit was 1.24 billion USD). The domestic economic sector has a trade deficit of $13.11 billion; the foreign-invested sector (including crude oil) had a trade surplus of $13.63 billion.

In the first five months of 2022, there are 26 items with export turnover of over $1 billion, accounting for 89.6% of total export turnover (6 export items with over $5 billion, accounting for 62.3%).

Regarding the export and import market of goods in the first five months of 2022, the United States is the largest export market of Vietnam an estimated turnover of $46.7 billion. China is Vietnam's largest import market an estimated turnover of $49.6 billion.

Source: VnEconomy

Editor: InterLOG