Vietnam surpassed 500 million USD in May 2018
However, in the first five months of 2018, Vietnam still has a trade surplus of $ 3.39 billion.
In the first five months of this year, the domestic economic sector registered USD 10.39 billion; Foreign investment (including crude oil) surpassed 13.78 billion USD.
Cause of the trade deficit mainly because Samsung has focused on exporting products Galaxy S9, S9 in March 2018, making the telephone export turnover began to decrease from April.
GSO has released a report on the socio-economic situation in May and the first 5 months of 2018.
Accordingly, import and export, after 4 consecutive months of trade surplus since the beginning of the year, until May 2018, Vietnam estimated trade deficit of $ 500 million.
However, in the first five months of 2018, Vietnam still has a trade surplus of $ 3.39 billion. Of which, the domestic economic sector is USD 10.39 billion; Foreign investment (including crude oil) surpassed 13.78 billion USD.
According to the General Statistics Office (GSO), the reason for Vietnam’s trade deficit was mainly due to Samsung’s focus on exporting its Galaxy S9 and S9 products in March, 4/2018.
Specific reports on the export situation, the General Statistics Office said, export turnover in May 2018 estimated at $ 19.2 billion, up 4.5% over the previous month increased by 7.1% compared with the same period last year.
Of which, the domestic economic sector gained $ 5.63 billion (up 1.7% over the previous month and up 14% over the same period last year); Foreign investment (including crude oil) reached $ 13.57 billion (up 5.8% over the previous month and up 4.5% over the same period last year).
For the first five months of this year, export turnover was estimated at $ 93.09 billion, up 15.8% over the same period of 2017.
Of which, the domestic economic sector gained 26.43 billion USD; Foreign-invested sector (including crude oil) reached 66.66 billion USD – accounting for 71.6% of total export turnover (down 0.5 percentage point over the same period of 2017).
Some key export items continued to increase in comparison with the same period last year: Telephone and accessories; electronics, computers and components; textiles; machinery, equipment, tools; Footwear…
The United States continues to be Vietnam’s largest export market with turnover reaching $ 17.4 billion, up 9% over the same period last year.
On import, import turnover in May was estimated at $ 19.7 billion, up 14.5% over the previous month and up 7.1% over the same period last year.
For the first five months of this year, import turnover was estimated at $ 89.7 billion, up 8.2% over the same period last year.
Of which, the domestic economic sector gained USD 36.82 billion, increasing by 10.4%; Foreign invested sector reached $ 52.88 billion, up 6.7%.
Some import items increased compared to the same period last year: electronics, computers and components; Phones and components; fabric; iron and Steel; Petroleum; plasticizer; ordinary metals; textile, garment and footwear …
China remains the largest importer of Vietnam with a turnover of $ 24.2 billion, up 9% over the same period of 2017.
Following was the Korean market with an import turnover of $ 18.7 billion (up 1.1%); ASEAN reached 12.5 billion (up 11.1%) …