Notably, there were 25 items with export turnover of over 1 billion USD, accounting for 90.0% of total export turnover (there were 7 items with export turnover of over 5 billion USD, accounting for 67.3%). Regarding the structure of export groups in the first 5 months of the year, impressive growth continued in both agricultural, aquatic and processed industrial products, estimated at double digits compared to the same period last year.
The import market in the first 5 months of the year shows that China is still our country's largest import market with a turnover of 69.35 billion USD, up 25% over the same period last year and accounting for 39.5% of the country's total import turnover; followed by South Korea with an estimated import turnover of 23.67 billion USD, up 8%; ASEAN estimated at 22.28 billion USD, up 16.2%; Japan estimated at 9.67 billion USD, up 7.1%; the United States estimated at 7.2 billion USD, up 20%; the EU estimated at 6.7 billion USD, up 3.4%.
Evaluation of the results of completing the export growth and trade balance targets in the first 5 months of 2025 according to Resolution No. 25/NQ-CP dated January 5, 2025 of the Government on growth targets for industries, sectors and localities to ensure the national growth target in 2025 reaches 8% or more: Achieved the proposed scenario.
About exporting goods
Export turnover of goods in May 2025 reached 39.6 billion USD, up 5.7% over the previous month. Of which, the domestic economic sector reached 8.61 billion USD, down 26.1%; the foreign-invested sector (including crude oil) reached 30.99 billion USD, up 20.1%. Compared to the same period last year, export turnover of goods in May increased by 17.0%, of which the domestic economic sector decreased by 10.1%, the foreign-invested sector (including crude oil) increased by 27.7%.
In the first 5 months of 2025, the total export turnover of goods reached 180.23 billion USD, up 14.0% over the same period last year. Of which, the domestic economic sector reached 49.62 billion USD, up 12.5%, accounting for 27.5% of the total export turnover; the foreign-invested sector (including crude oil) reached 130.61 billion USD, up 14.5%, accounting for 72.5%.
In the first 5 months of 2025, there were 25 items with export turnover of over 1 billion USD, accounting for 90.0% of total export turnover (there were 7 items with export turnover of over 5 billion USD, accounting for 67.3%).
Regarding the structure of export goods in the first 5 months of 2025, impressive growth momentum continued in both agricultural, aquatic and processed industrial products, estimated at double digits compared to the same period last year. Of which:
The export turnover of agricultural and aquatic products reached nearly 17.7 billion USD, up 15.8% over the same period last year. In particular, many items in this group recorded positive growth despite a decrease in export output but still achieved high turnover thanks to a sharp increase in export prices, such as: coffee (export volume decreased by 0.6% but export turnover is estimated to increase by 62.3%); pepper (export volume decreased by 22.5% but export turnover increased by 40.5%); rubber (decreased by 4% in volume and increased by 21.7% in turnover); cashew nuts (decreased by 5% in volume but increased by 19.4% in turnover).
The export turnover of processed industrial products reached nearly 153 billion USD, up 14.5% over the same period last year and continued to be the growth driver of the country's exports. Some key export items such as textiles, footwear, computers, electronic products and components; machinery, equipment, tools, and other spare parts... all achieved high double-digit growth rates. Of which, textile exports reached 15.06 billion USD, up 12%; footwear of all kinds reached 9.75 billion USD, up 11.5%; computers, electronic products and components reached 38.4 billion USD, up 39.7%; machinery, equipment, tools, and other spare parts were estimated at 22 billion USD, up 16.4%; wood and wood products were estimated at 6.8 billion USD, up 8.6%.
Regarding the export market structure in the first 5 months of 2025, our country's export turnover to most of the key export markets increased. Of which, the US is still the largest export market, with a turnover of 57.2 billion USD, accounting for nearly 31.7% of the country's total export turnover and increasing by 27.4% over the same period last year; the EU is the second largest export market with a turnover of 23 billion USD, up 12% over the same period last year; China is the third largest export market with an estimated turnover of 23.5 billion USD, up 3.2%; Exports to the Korean market reached 11.37 billion USD, up 10.6%; Exports to the Japanese market reached 10.56 billion USD, up 10.7% over the same period last year.
About importing goods
Import turnover of goods in May 2025 reached 39.04 billion USD, up 5.9% over the previous month. Of which, the domestic economic sector reached 10.86 billion USD, down 25.0%; the foreign-invested sector reached 28.19 billion USD, up 25.9%. Compared to the same period last year, import turnover of goods in May increased by 14.1%, of which the domestic economic sector decreased by 13.8%; the foreign-invested sector increased by 30.4%.
In the first 5 months of 2025, the total import turnover of goods reached 175.56 billion USD, up 17.5% over the same period last year, of which the domestic economic sector reached 62.04 billion USD, up 12.9%; the foreign-invested sector reached 113.52 billion USD, up 20.2%.
In the first 5 months of 2025, there were 29 imported items with a value of over 1 billion USD, accounting for 86.9% of total import turnover (there were 4 imported items with a value of over 5 billion USD, accounting for 51.6%).
On the structure of imported goods in the first 5 months of 2025
Accounting for 89% of the total import turnover in the first 5 months of 2025 is the group of goods that need to be imported (including machinery, equipment, tools, spare parts and raw materials for domestic production), with a turnover of nearly 156.5 billion USD, an increase of 17.8% over the same period in 2024, showing that the demand for imports to serve domestic production and export is increasing. Particularly, the import turnover of computers, electronic products and components reached 56 billion USD, an increase of 38.3% over the same period last year; machinery, equipment, tools and spare parts is estimated at 22.89 billion USD, an increase of 22.7%. Similarly, the import turnover of most other items also continued to record an increase to meet the demand for recovering domestic production and export such as: plastic raw materials increased by 12.3%; textile and footwear raw materials increased by 3.8%; Fabrics of all kinds increased by 4.6%.
Import turnover of goods subject to import restrictions reached 9.4 billion USD, up 18.8% over the same period last year. Of which, the highest increase was in import turnover of complete cars with less than 9 seats, up 40.6%; auto parts and components with less than 9 seats increased 28%; motorbikes and components and spare parts increased 27%; household electrical appliances and components increased 17.5%.
About the import market of goods in the first 5 months of 2025
China is still our country's largest import market with a turnover of 69.35 billion USD, up 25% over the same period last year and accounting for 39.5% of the country's total import turnover; followed by South Korea with an estimated import turnover of 23.67 billion USD, up 8%; ASEAN estimated at 22.28 billion USD, up 16.2%; Japan estimated at 9.67 billion USD, up 7.1%; the United States estimated at 7.2 billion USD, up 20%; the EU estimated at 6.7 billion USD, up 3.4%.
On the trade balance
The trade balance of goods in May had a trade surplus of 0.56 billion USD. In the first 5 months of 2025, the trade balance of goods had a trade surplus of 4.67 billion USD (the same period last year had a trade surplus of 8.71 billion USD). Of which, the domestic economic sector had a trade deficit of 12.42 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 17.09 billion USD. By market, the trade surplus to the United States reached 49.9 billion USD, up 28.5% over the same period last year; the trade surplus to the EU was 16.3 billion USD, up 16.0%; the trade surplus to Japan was 0.9 billion USD, up 74.8%. The trade deficit with China reached 45.9 billion USD, up 40.3%; the trade deficit with South Korea was 12.3 billion USD, up 5.7%; Trade deficit with ASEAN reached 6.5 billion USD, up 66.3% over the same period last year.
Source: https://baohungyen.vn/tang-truong-xuat-khau-va-can-can-thuong-mai-5-thang-dau-nam-2025-ve-dich-3181855.html
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