5M trade surplus standing at over $8 bln

Vietnam recorded total trade revenue of $305.53 billion in the first five months of this year, up 16.6% year-on-year, figures from the General Statistics Office (GSO) reveal.

Of the figure, some $156.77 billion were from exports, a year-on-year decline of 15.2%, and $148.76 billion from imports, up 18.2%,  resulting in a trade surplus of $8.01 billion.

In May, total trade value was estimated at $66.62 billion, up 9.1% against April and 22.6% year-on-year.

Twenty-six products each posted export revenue in excess of $1 billion in the five-month period, accounting for 90% of the country’s total. Seven posted turnover of $5 billion or more, or 65.3% of the total.

The US remained Vietnam’s largest export market, with total turnover of $44 billion, while China was its largest import source, with $54.9 billion.