In the first five months of this year, trade deficit was at $548 million whereas a trade surplus of $2.6 billion was seen in the same period last year. Of which, domestic economic sector saw a trade deficit of $13.28 billion and foreign-invested sector (included crude oil) recorded a trade surplus of $12.73 billion.
In terms of partner market, Vietnam’s trade surplus to the EU reached $11.6 billion, down 0.9 percent over the same period last year. Meanwhile, trade deficit from China was $16.2 billion, up 45.9 percent; from South Korea was $11.3 billion, down 3.6 percent; and from the ASEAN was $3.3 billion, up 25.7 percent.
Figures showed that, import turnover in May was estimated at $22.8 billion, an increase of 8.6 percent compared to the previous month,of which, domestic economic sector hit $10.2 billion, up 8.4 percent and foreign-invested sector touched $12.6 billion, up 8.8 percent.
Therefore, in the first five months of this year, import turnover was estimated at $101.28 billion, up 10.3 percent over the same period last year, of which domestic economic sector reached $43.61 billion, up 15.2 percent and foreign-invested sector hit $57.67 billion, up 6.9 percent.
In the first five months, there were 21 products with import turnover worth above $1 billion, accounting for 80.3 percent of total imports. Of which, some products saw increases in import turnover in comparison with the same period last year, including electronics, computers and components with $19.8 billion, accounting for 19.5 percent of total imports, machineries, equipment and spare parts with $14.8 billion and fabric with $5.4 billion, up 5.8 percent.
As for import markets in the first five months of this year, China remained the largest import market of Vietnam with $29.6 billion, up 18.9 percent over the same period last year, of which, electronics, computers and components increased 82.8 percent; machineries, equipment and spare parts rose 27.8 percent; and fabric surged 12.7 percent.
South Korea followed with $19.2 billion, up 1.1 percent. Of which, cell phones and components emerged 11.8 percent and machineries, equipment and spare parts rallied 11 percent.
The ASEAN market reached $13.9 billion, up 9.3 percent. Of which, completedly-built-unit cars rocketed 601.4 percent and steel and iron climbed 339.6 percent.
Japan touched $7.4 billion, up 0.5 percent, of which completedly-built-unit cars jumped 380.1 percent, machineries, equipment and spare parts edged up 7.8 percent and fabric went up 6.8 percent.
The US market recorded $5.8 billion, an increase of 23.6 percent, of which electronics, computers and components gained 44.3 percent, cattle feed and materials soared 31.1 percent and cotton advanced 17.3 percent.
The EU market posted $5.7 billion, up 8.2 percent, of which completedly-built-unit cars shot up 396.3 percent, cattle feed escalated 91 percent and machineries, equipment and spare parts inched up 5.2 percent.
By Anh Phuong – Translated by Thuy Doan
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