VN posts nearly US$2 billion surplus in May

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