According to the General Statistics Office, in May 2024, the import-export turnover of goods was estimated at 66.62 billion USD, up 9.1% over the previous month and up 22.6% over the same period last year. In the first 5 months of 2024, the total import-export turnover of goods reached 305.53 billion USD, up 16.6% over the same period last year, of which exports increased by 15.2%; imports increased by 18.2%.
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| 5 months: Import and export of goods earned 305.53 billion USD |
Specifically, in terms of exports, May 2024 is estimated at 32.81 billion USD, up 5.7% over the previous month. In the first 5 months of 2024, the total export turnover of goods is estimated at 156.77 billion USD, up 15.2% over the same period last year. Of which, the domestic economic sector reached 43.69 billion USD, up 20.5%, accounting for 27.9% of total export turnover; the foreign-invested sector (including crude oil) reached 113.08 billion USD, up 13.3%, accounting for 72.1%.
On the other hand, the import turnover of goods in May 2024 is estimated at 33.81 billion USD, up 12.8% over the previous month. In the first five months of 2024, the import turnover of goods is estimated at 148.76 billion USD, up 18.2% over the same period last year, of which the domestic economic sector reached 54.95 billion USD, up 24.2%; the foreign-invested sector reached 93.81 billion USD, up 14.9%.
Regarding the import and export market of goods in the first 5 months of 2024, the United States is Vietnam's largest export market with an estimated turnover of 44.0 billion USD. China is Vietnam's largest import market with an estimated turnover of 54.9 billion USD.
In the first 5 months of 2024, the trade surplus with the US is estimated at 38.1 billion USD, up 24.2% over the same period last year; the trade surplus with the EU is estimated at 14.3 billion USD, up 18.4%; the trade surplus with Japan is 290 million USD, down 61.8%; the trade deficit with China is 32.3 billion USD, up 55.9%; the trade deficit with South Korea is 11.1 billion USD, up 1.3%; the trade deficit with ASEAN is 4.2 billion USD, up 39.1%.
Thus, with the above results, the estimated trade deficit in May 2024 is 1 billion USD. In the first 5 months of 2024, the trade balance of goods is estimated to have a trade surplus of 8.01 billion USD (the same period last year had a trade surplus of 10.2 billion USD). Of which, the domestic economic sector had a trade deficit of 11.26 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 19.27 billion USD.
Source: https://congthuong.vn/5-thang-xuat-nhap-khau-hang-hoa-thu-ve-30553-ty-usd-322988.html
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