VIETNAM’S TOTAL TRADE VALUE HITS OVER US$355 BLN IN FIVE MONTHS

Vietnam’s total export-import turnover hit US$355.79 billion in the first five months of 2025, marking a 15.7 percent increase compared to the same period last year, the National Statistics Office (NSO) reported.

The country's export earnings grew by 5.7 percent, while its import turnover rose by 17.5 percent, resulting in a trade surplus of US$4.67 billion in the period.

In May alone, the total trade revenue reached US$78.64 billion, up 5.8 percent compared to the previous month, and 15.5 percent year-on-year.

The export value in the month stood at US$39.6 billion, up 5.7 percent month-on-month while the import value hit US$39.4 billion, up 5.9 percent.

For the first five months of the year, Viet Nam's export turnover reached US$180.23 billion, a 14 percent year-on-year rise. The domestic sector contributed US$49.62 billion (up 12.5 percent), accounting for 27.5 percent of total exports, while the foreign-invested sector, including crude oil, earned US$130.61 billion (up 14.5 percent), making up 72.5 percent of total exports.

During this period, 25 export items surpassed the US$1 billion mark, accounting for 90 percent of total export value. Seven of these items exceeded US$5 billion, or 67.3 percent.

On the import side, Viet Nam spent US$175.56 billion on imports in the January–May period, up 17.5 percent year-on-year. The domestic sector imported US$62.04 billion worth of goods (up 12.9 percent), while the foreign-invested sector's import value stood at US$113.52 billion (up 20.2 percent).

The U.S. remained Viet Nam's largest export market, with turnover reaching US$57.2 billion. Meanwhile, China continued to be the country's biggest import source, with imports amounting to US$69.4 billion.

During January-May period, Viet Nam ran a trade surplus of US$49.9 billion with the U.S., a 28.5 percent increase year-on-year, while its surplus with the EU expanded by 16 percent to US$16.3 billion. Notably, the country's trade surplus with Japan surged to US$0.9 billion.

Source: VCCI