Foreign-invested enterprises enjoy trade surplus of over 13.6 billion USD

Wednesday, 15/06/2022 11:42
Despite being heavily hit by the COVID-19 epidemic, Vietnam's exports in the first 5 months of the year still maintained a double-digit growth rate, of which the foreign-invested sector (FDI) had a trade surplus of 13.6 billion USD.

Vietnam’s exports increased by more than 16% in the 5 months. (Photo: VNA)

According to statistics of the Ministry of Industry and Trade, the country’s export turnover in the 5 months was estimated at 152.96 billion USD, up 16.4% over the same period last year.

Among them, the domestic enterprises sector earned an export turnover of 40.24 billion USD, up 20.8% year on year, while exports of the foreign-invested sector (including crude oil) were estimated at 112.562 billion USD, up 14.8%.

In the opposite direction, imports of the domestic enterprises sector were valued at 53.36 billion USD, up 14.7% year on year, while the FDI sector imported 98.93 billion USD, up 14.9%.

Statistics show that export turnover of processed industrial products over the past 5 months still maintained a relatively high growth rate of 16%, the absolute value was estimated at 131.39 billion USD, accounting for 85.9% of the total export turnover. This has made a positive contribution to Vietnam’s trade.

Thus, after 5 months, the domestic enterprises sector has a trade deficit of about 13.115 billion USD, while the FDI sector enjoyed a trade surplus of 13.631 billion USD./.