Trade gap increases in first half of May

Figures from Vietnam Customs showed that trade gap in the first half of May hit US$830 million, much higher than the trade gap of $723 million in April.

The country’s exports were at $5.1 billion while imports at $5.9 billion in the first half of May, it said.

Since the beginning of this year, export turnover was estimated at $44.2 billion while import turnover was estimated at $45.7 billion, leaving a trade gap of $1.55 billion by May 15.

Import items saw high increase in the first half of May, including computers and components with $753 million; engines and spare parts with $816 million; iron and steel with $358 million; fabric with $457 million.

Meanwhile, in the first five months of this year, Hanoi City saw a trade gap of about $5.59 billion, of which trade gap in May alone hit $1.33 billion.

By T.Trinh – Translated by Thuy Doan

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