China and South Korea were among Vietnam’s biggest exporters during the January-May period.

The country shipped goods worth US$71.4 billion to Asia between January and May, up 13% year-on-year, while spending US$127.3 billion buying goods from the region, a year-on-year increase of 17.6%.

Two-way trade between Vietnam and Asia reached over US$198.6 billion, up 16.1% year-on-year, accounting for nearly 65% of the former’s total import-export value in the first five months.

Vietnam’s trade with other regions made gains during the five-month period, with an 18.4% increase in trade with the Americas at US$64.8 billion. In addition, the country’s two-way trade with Europe amounted to US$32.4 billion, up 9.8% year-on-year.

The country’s import-export value in May stood at US$63.5 billion, sending the total value between January and May to US$306.1 billion, up 16% year-on-year.

Vietnam exported goods worth US$153.3 billion in the first five months, a 16.7% increase against the same period last year, while spending US$152.9 billion importing goods, up 15.3% year-on-year. As such, Vietnam enjoyed a trade surplus of US$434 million during the five-month period.

Source: SGT