Of the total export earnings during the period, $43.69 billion came from the domestic sector and $113.08 billion from the foreign-invested one, rising 20.5 per cent YoY and 13.3 per cent YoY respectively.
Twenty six kinds of products recorded export turnover of more than $1 billion each, or 90 per cent of the total, including seven with over $5 billion, during the period.
Vietnam’s trade surplus hit $8.01 billion in January-May, with $156.77 billion in export revenue and $148.76 billion in imports—up by 15.2 per cent and 18.2 per cent YoY respectively.
The processing sector contributed $137.39 billion, or 87.7 per cent, to the total export revenue.
The US was the largest export market, while China was the top import market.
The processing sector contributed some $137.39 billion, or 87.7 per cent, to the total export revenue, a domestic news agency reported.
The domestic sector spent $54.95 billion on imports, and the foreign-invested ones $93.81 billion—YoY increases of 24.2 per cent and 14.9 per cent respecitvely.
The import of 27 groups of goods exceeded $1 billion each, with four recording revenue of more than $5 billion. Capital goods were the major imports in the period with an estimated value of $139.89 billion.
The United States was the largest export market of the country, with revenues worth $44 billion, while China was the leading import market, with purchases worth $54.9 billion.
Vietnam enjoyed a trade surplus of $38.1 billion with the United States, $14.3 billion with the European Union and $290 million with Japan during the period.
It witnessed a trade deficit of $32.3 billion with China, $11.1 billion with South Korea and $4.2 billion with the Association of Southeast Asian Nations.
Fibre2Fashion News Desk (DS)