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Trade surplus of nearly USD 450 million

10/06/2022

In the first 5 months of 2022, Vietnam's total export value reached USD 153.3 billion, an increase of 16.7% and import value reached USD 152.8 billion, an increase of 15.3% over the same period in 2021.

The latest preliminary statistics of the General Department of Customs show that the total import and export value of Vietnam's goods in the second half of May 2022 reached nearly  USD 35.2 billion, an increase of 24.2% compared to the result implemented in the first half of May.

In which, the total value of exported goods reached more than USD 18 billion, an increase of nearly 41% compared to the first half of May due to an increase in a number of commodity groups such as computers, electronic products and components with an increase of 68%; other machinery, equipment, tools and spare parts with an increase of 42.2%; textiles with an increase of 37.5%, etc.

Thus, in the first five months of 2022, the total export value of Vietnam reached USD 153.3 billion, an increase of 16.7% over the same period in 2021.

In the opposite direction, the total value of imported goods of Vietnam in the second half of May reached USD 17.2 billion, an increase of 10.5% compared to the results achieved in the first half of May 2022 mainly due to an increase in a number of commodity groups such as computers, electronic products and components with an increase of 10.6%; other machinery, equipment, tools and spare parts with an increase of 14.3%; other common metals with an increase of 42.3%, etc.

Thus, in the first five months of 2022, the total import value of the whole country reached  USD 152.8 billion, an increase of 15.3% over the same period in 2021.

Accordingly, in the second half of May, the trade balance of goods with a surplus of USD 862 million was recorded. Accumulated over the first five months of 2022, a trade surplus of USD 446 million was recorded.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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