Vietnam trade turnover exceeds US$445 million in five months, up 25%
VOV.VN - Vietnam’s import-export turnover reached US$445.12 billion in the first five months of 2026, up 25% year on year, according to data from the National Statistics Office under the Ministry of Finance.
Exports totaled US$215.66 billion during the January–May period, up 19.5% year on year.
Foreign-invested enterprises were the key driver of Vietnam’s exports, accounting for nearly 80% of export turnover and recording significantly stronger growth than the domestic business sector.
Notably, 26 export items generated more than US$1 billion each in turnover, together contributing over 90% of the country’s total export value. Among them, seven products surpassed the US$10 billion mark.
On the import side, Vietnam recorded US$229.46 billion in imports, up 30.8% compared with the same period last year. The foreign-invested sector also accounted for a large share of imports, posting faster growth than domestic enterprises.
Major trading partners continued to play dominant roles in Vietnam’s trade balance.
The United States remained Vietnam’s largest export market, with export turnover hitting US$69.6 billion. Meanwhile, China continued to be Vietnam’s largest source of imports, supplying goods worth US$92.6 billion.
Vietnam recorded a trade deficit of US$13.8 billion in the first five months of 2026, reversing from a trade surplus of US$5.1 billion in the same period last year.
The country continued to post trade surpluses with the United States and the European Union, while recording large trade deficits with China, the Republic of Korea and ASEAN countries.
The latest figures indicate that Vietnam’s trade activities have maintained strong growth momentum, but also highlight the country’s considerable dependence on imported raw materials and components, particularly from Asian economies.
The sharp rise in imports partly reflected growing demand for machinery, equipment and intermediate goods to support manufacturing expansion and export production.
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