• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Trade deficit exceeds US$500 million in five months

VGP – Viet Nam’s trade deficit in May was estimated at US$1.3 billion that led to the nation’s trade deficit over the recent five months of the year reaching US$548 million, according to the General Statistics Office.

May 29, 2019 10:50 AM GMT+7

The total exports and imports in the first five months of 2019 hit US$202.02 billion, of which US$100.74 billion is gained from exports, up 6.7% compared to the same period last year but lower than the year-on-year increases of 19% and 17.5% in 2017 and 2018, respectively.

As many as 19 items join the US$1 billion export club over the recent five months of 2019, making up 84.4% of the total export value.

As of the end of May, the U.S. maintains the largest exporter of Viet Nam, witnessing a year-on-year increase of 28%. The export values to other key markets such as the EU, ASEAN, the Republic of Korea and Japan report growths of 1.9%, 5.2%, 8.9% and 4.4%, respectively while Viet Nam’s exports to China decrease 2.6%.   

A total number of 21 items report the import value exceeding US$1 billion over the recent five months of 2019, accounting for 80.3% of the total import value.

China still takes the lead among Viet Nam’s largest import markets with US$29.6 billion, up 18.9%.

By Thuy Dung