VN posts nearly US$2 billion surplus in May
16:39 | 16/06/2020

VGP - The General Department of Customs has reported that Viet Nam posted a trade surplus of $3.53 billion in the first five months this year.

Computers, electronic products and components are among the groups of the country's top hard currency earners

The department’s preliminary data showed Viet Nam earned US$19.19 billion from exports in May alone, up 9.1% compared to the same month last year, and imported US$18.18 billion worth of commodities, down 0.9%. 

The reviewed period saw Vietnamese export value falling 0.9%, compared to the same period last year, to nearly US$100.21 billion, while import value declined 4.6% to US$96.67 billion.

Remarkably, there are five commodity groups with export turnover of US$1 billion or more, including computers, electronic products and components; phones and accessories, textile, machinery, equipment, tools and spare parts, footwear.

The U.S. remained the largest importer of Viet Nam, with turnover reaching US$24.6 billion, up 8.2%. China followed the U.S. with turnover of US$ 16.3 billion, up 20.1%.

Meanwhile, the country’s exports to the European Union (EU) and ASEAN dropped 12% and 13.4%, with US$ 12.9 billion and US$ 9.4 billion, respectively.

The May figures showed the export market has begun to pick up in the context of the novel coronavirus being gradually brought under control in a number of markets.

                                                                                                                By Hoang Ha

 

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