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Vietnam gains trade surplus of nearly US$10 billion in Jan-May

By Minh Anh

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HCMC – Vietnam’s export revenue in the first five months of this year inched down, but the country enjoyed a trade surplus of US$9.8 billion, according to the General Statistics Office.

The country’s import-export value has totaled an estimated US$262.5 billion in January- May.

Of the amount, Vietnam exported goods worth US$136.2 billion, down 12% year-on-year, and spent US$126.4 billion on imports, down 18%. It resulted in a trade surplus of US$9.8 billion.

As per the report of the General Statistics Office, 23 product groups gained export revenue of over US$1 billion, making up nearly 87% of the overall figure. Five among them have exceeded US$5 billion in value, accounting for 65%.

Regarding the export commodity structure, the value of fuel and mineral products was estimated at US$1.8 billion, while that of industrial goods reached US$120 billion.

Meanwhile, there were 24 items whose import turnover surpassed US$1 billion each during the period, accounting for 81%. There were three product groups whose export revenue hit over US$5 billion each, accounting for nearly 42%.

The U.S. is Vietnam’s largest export market, with an estimated turnover of US$37.2 billion, while China is the largest importer, with an estimated turnover of US$43.4 billion.

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