Vietnam recorded total trade revenue of $55.86 billion in May, up 5.3 per cent compared to April but down 12.3 per cent year-on-year, figures from the General Statistics Office (GSO) reveal.

Exports totaled $29.05 billion, up 4.3 per cent compared to the previous month.

The increase of exports resulted in a trade surplus of $2.24 billion being posted in May.

During the first five months of the year, total trade was estimated at $262.54 billion, a year-on-year decline of 14.7 per cent, with exports of $136.17 billion, down 11.6 per cent.

This resulted in the country posting a trade surplus of $9.8 billion in the period.

There were 23 types of products posting export revenue in excess of $1 billion and accounting for 87.4 per cent of the country’s total export turnover. Seven posted turnover of $5 billion or more, or 65.4 per cent of the total.

The US remained Vietnam’s largest export market, with total turnover of $37.2 billion, while China was its largest import source, with $43.4 billion in value.