Strong growth in exports in first five months

In the first five months, Vietnam's export turnover reached $130.94 billion, up 30.7 per cent on-year

According to the General Statistics Office, although the COVID-19 pandemic strongly spread in several provinces and cities, especially Bac Giang and Bac Ninh, commodity exports in May reached $26 billion, an on-year growth of 35.6 per cent and a slight decrease of 2.1 per cent against the previous month.

In the first five months, export turnover of goods reached $130.94 billion, up 30.7 per cent over the same period last year.

Accordingly, the domestic economic sector reached $33.06 billion, up 16 .6 per cent and accounting for 25.2 per cent of the total export turnover. Meanwhile, the foreign-invested sector reached $97.88 billion ((including crude oil), up 36.3 per cent, accounting for 74.8 per cent.

Notably, there were 22 items with an export turnover of over $1 billion, accounting for 87.3 per cent of total export turnover. There were six items with export turnover exceeding $5 billion, accounting for 63.8 per cent.

Heavy industrial and mineral products reached $70.7 billion, up 33 per cent compared to the corresponding period last year. Additionally, light industrial products and handicrafts were estimated at $47.32 billion, up 33 per cent, while the agricultural and forestry products reached $9.69 billion, up 13.5 per cent. Finally, seafood products reached $3.24 billion, up 12 per cent.

Most impressively, exports to key markets have reached record growth. Especially, exports to the US, Vietnam's largest export market, accounted for the largest portion with a turnover of $37.6 billion, up 49.8 per cent over the same period last year. This was followed by China with $20.1 billion (up 26 per cent), the EU with $16.1 billion (up 20.8 per cent), ASEAN with $11.5 billion (up 23.7 per cent), South Korea with $8.9 billion (up 17.1 per cent), and Japan with $8.4 billion (up 7.7 per cent).