Import and export in 5 months reached 305 billion USD

In this May, the total turnover import and export The country’s goods are estimated at nearly 62.7 billion USD, up 14.5% over the same period in 2021, according to information from the General Statistics Office.

In the first 5 months of 2022, there are 26 items with export turnover of over 1 billion USD. (Illustration image – Photo: Investment Newspaper)

Generally, in 5 months, the total import and export turnover of goods reached 305.1 billion USD, up 15.6% over the same period last year; in which, exports increased by 16.3%; imports increased by 14.9%. The trade balance of goods in the first 5 months of the year was estimated to have a trade surplus of 516 million USD.

Specifically, the export turnover of goods in May 2022 was estimated at 30.48 billion USD, down 8.5% compared to the previous month. In which, the domestic economic sector reached US$ 8.25 billion, down 7%; FDI sector (including crude oil) reached 22.23 billion USD, down 9.1%.

Compared with the same period last year, the export turnover of goods in May 2022, increased by 16.4%; in which the domestic economic sector increased by 14.5%, the foreign-invested sector (including crude oil) increased by 17.1%.

Generally, in the first 5 months of 2022, export turnover of goods was estimated at $152.81 billion, up 16.3% over the same period last year. In which, the domestic economic sector reached USD 40.25 billion, up 20.8%, accounting for 26.3% of total export turnover; FDI sector (including crude oil) reached 112.56 billion USD, up 14.8%, accounting for 73.7%.

In the first 5 months of 2022, there are 26 items with export turnover of over 1 billion USD, accounting for 89.6% of total export turnover; In which, there are 6 export items of over 5 billion USD, accounting for 62.3%.

Regarding the structure of export products in the first 5 months of 2022, fuel and mineral products accounted for 1.4%, up 0.4 percentage points over the same period last year; the group of processed industrial products accounted for 88.6%, down 0.5 percentage points; agricultural and forestry products accounted for 6.9%, down 0.5 percentage points; aquatic products accounted for 3.1%, up 0.6 percentage points.

According to the General Statistics Office, the import turnover of goods in May 2022 was estimated at 32.21 billion USD, down 0.8% compared to the previous month; in which, the domestic economic sector reached 12.03 billion USD, up 6.8%; FDI sector reached 20.18 billion USD, down 4.8%.

Merchandise import turnover in May increased by 12.9% over the same period last year; in which the domestic economic sector increased by 15.4%; the foreign-invested sector increased by 11.4%.

Generally in 5 months, import turnover of goods was estimated at 152.29 billion USD, up 14.9% over the same period last year; in which the domestic economic sector reached 53.36 billion USD, up 14.7%; FDI sector reached 98.93 billion USD, up 14.9%.

In the first 5 months of 2022, there are 28 imported products with a value of over 1 billion USD, accounting for 85.7% of the total import turnover.

Regarding the structure of imported goods in the first 5 months of 2022, the group of production materials accounted for 93.9%, up 0.1 percentage point over the same period last year; in which the group of machinery, equipment, tools and spare parts accounted for 44.8%, down 0.3 percentage points; raw materials, fuel and materials accounted for 49.1%, up 0.4 percentage points. The group of consumer products accounted for 6.1%, down 0.1 percentage point.

Regarding the export and import market of goods in the first 5 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 46.7 billion USD. China is Vietnam’s largest import market with an estimated turnover of 49.6 billion USD.

In the first 5 months of the year, trade surplus to the EU was estimated at 13.4 billion USD, up 43.6% over the same period last year; trade deficit from China is 27.1 billion USD, up 15.5%; trade deficit from Korea was 17.9 billion USD, up 46.6%; trade deficit from ASEAN is 6.5 billion USD, up 6.4%; trade deficit from Japan was 742 million USD, up 18.2%.

The General Statistics Office said that in the first 5 months of 2022, the trade balance of goods was estimated to have a trade surplus of 516 million USD (the same period last year, the trade deficit was 1.24 billion USD); in which, the domestic economic sector has a trade deficit of 13.11 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of $13.63 billion.

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