According to data from the General Statistics Office, in May 2024, import-export turnover of goods is estimated to reach 66.62 billion USD, up 9.1% over the previous month and up 22.6% over the same period last year. before. In the first 5 months of 2024, the total import-export turnover of goods reached 305.53 billion USD, an increase of 16.6% over the same period last year, of which exports increased by 15.2%; Imports increased by 18.2%.
| 5 months: Import and export of goods earned 305.53 billion USD |
Specifically, in terms of exports, May 2024 is estimated to reach 32.81 billion USD, an increase of 5.7% compared to the previous month. In the first 5 months of 2024, merchandise export turnover is estimated to reach 156.77 billion USD, up 15.2% over the same period last year. Of which, the domestic economic sector reached 43.69 billion USD, an increase of 20.5%, accounting for 27.9% of total export turnover; The foreign invested sector (including crude oil) reached 113.08 billion USD, an increase of 13.3%, accounting for 72.1%.
In the opposite direction, the import turnover of goods in May 2024 is estimated to reach 33.81 billion USD, up 12.8% compared to the previous month. Overall, in the first five months of 2024, the import turnover of goods is estimated to reach 148.76 billion USD, up 18.2% over the same period last year, of which the domestic economic sector reached 54.95 billion USD, an increase 24.2%; The foreign investment sector reached 93.81 billion USD, an increase of 14.9%.
Regarding the export and import 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, trade surplus to the United States is estimated to reach 38.1 billion USD, up 24.2% over the same period last year; Trade surplus to the EU is estimated at 14.3 billion USD, up 18.4%; Trade surplus to Japan was 290 million USD, down 61.8%; Trade deficit from China is 32.3 billion USD, up 55.9%; Trade deficit from Korea 11.1 billion USD, up 1.3%; Trade deficit from ASEAN was 4.2 billion USD, up 39.1%.
Thus, with the above results, in May 2024, the trade deficit is estimated at 1 billion USD. Overall, for 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’s trade deficit was 11.26 billion USD; The foreign invested sector (including crude oil) had a trade surplus of 19.27 billion USD.
According to Congthuong.vn
