In May 5, the total import and export turnover of goods will reach 2023.55 billion USD; in which, exports reached 86.29 billion USD; imports reached $05.26 billion. Thus, the trade balance of goods in May continued to favor the trade surplus with 81.5 billion USD. This result has brought the trade surplus in the first 2 months of 24 to 5.2023 billion USD…
According to the General Statistics Office released on the morning of May 29, the total export and import turnover of goods in May 5 is estimated at 5.2023 billion USD, up 55.86% over the previous month and down 5.3% over the same period last year.
Generally, in the first 5 months of 2023, the total export and import turnover of goods is estimated at 262.54 billion USD, down 14.7% over the same period last year, of which exports will decrease by 11.6%; imports fell 17.9%.
- Specifically, in terms of exports, May 5 is estimated at 2023.29 billion USD, up 05.4% over the previous month. In which, the domestic economic sector reached 3.7 billion USD, up 79%; FDI sector (including crude oil) reached 1.21 billion USD, up 26.5%. Compared to the same period last year, the export turnover of goods in May 5 will decrease by 5.2023%, of which the domestic economic sector will decrease by 5.9%, the foreign-invested sector (including crude oil) will decrease by 5.9%.
- In the first 5 months of 2023, goods export turnover is estimated at 136.17 billion USD, down 11.6% over the same period last year. In which, the domestic economic sector reached 35.19 billion USD, down 13.2%, accounting for 25.8% of total export turnover; FDI sector (including crude oil) reached 100.98 billion USD, down 11.1%, accounting for 74.2%.
- In the first 5 months of 2023, there are 23 items with export turnover of over 1 billion USD, accounting for 87.4% of total export turnover (there are 07 export items over 5 billion USD, accounting for 65.4%).
- Regarding the structure of export commodity groups in the first 5 months of 2023, the group of fuels and minerals is estimated at 1.77 billion USD, accounting for 1.3%; the group of processed industrial goods was estimated at 120.24 billion USD, accounting for 88.3%; agricultural and forestry products were estimated at 10.79 billion USD, accounting for 7.9%; seafood products are estimated at 3.37 billion USD, accounting for 2.5%.
- From the opposite direction, the import turnover of goods in May 5 is estimated at 2023.26 billion USD, up 81.6% over the previous month. In which, the domestic economic sector reached 4.9 billion USD, up 31.3%; FDI sector reached 8.17 billion USD, up 5.7%. Compared to the same period last year, the import turnover of goods in May 8 will decrease by 5.2023%, of which the domestic economic sector will decrease by 18.4%; the foreign-invested sector decreased by 24.6%.
Generally, in the first 5 months of 2023, the import turnover of goods is estimated at 126.37 billion USD, down 17.9% over the same period last year, of which the domestic economic sector reached 43.95 billion USD, down 18.5%; FDI sector reached 82.42 billion USD, down 17.5%.
In the first 5 months of 2023, there are 24 imported items worth over 1 billion USD, accounting for 81.2% of total import turnover (there are 03 imported items over 5 billion USD, accounting for 41.6%).
Regarding the structure of imported goods in the first 5 months of 2023, the group of materials for production is estimated at 118.31 billion USD, accounting for 93.6%, of which the group of machinery, equipment, tools and spare parts accounts for 43.9%; The group of raw materials, fuels and materials accounted for 49.7%. The group of consumer goods was estimated at 8.06 billion USD, accounting for 6.4%.
Regarding the export and import market of goods in the first 5 months of 2023, the United States is Vietnam’s largest export market with an estimated turnover of 37.2 billion USD. China is Vietnam’s largest import market with an estimated turnover of US$43.4 billion.
In the first 5 months of 2023, the trade surplus to the United States is estimated at 31.2 billion USD, down 22% over the same period last year; trade surplus to the EU 12.6 billion USD, down 3.6%; trade surplus to Japan 521 million USD (same period trade deficit 564 million USD); trade deficit from China 23.6 billion USD, down 16.7%; trade deficit from Korea 10.8 billion USD, down 38.3%; trade deficit from ASEAN 3.4 billion USD, down 41.3%.
Thus, with the above results, the trade balance of goods in May 5 is estimated to have a trade surplus of 2023.2 billion USD. Generally, in the first 24 months of 5, the trade balance of goods is estimated to have a trade surplus of 2023.9 billion USD (the same period last year had a trade surplus of 8.0 billion USD). In which, the domestic economic sector has a trade deficit of 24.8 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 76.18 billion USD.