HCMC sees decline in imports, exports in May

Latest data from the Ho Chi Minh City Statistics Office shows total exports at US$1.95 billion in May, a decrease of 1.1 percent compared to the same period last month while total imports at $1.76 billion, down 26 percent over the last month.

Excluding crude oil, export turnover reached around $1.35 billion, down 5.9 percent compared to that in April.

In the first five months of this year, exports in HCMC were estimated at $7.7 billion, an increase of 1.8 percent year-on-year, while imports were at $9.8 billion, an increase of 8.8 percent year-on-year, leaving a trade gap of $2.1 billion. However, foreign-invested sector still saw a trade surplus of more than $426 million.

Main export items included rice, seafood, clothes, and footwear. Imports were mainly milk, dairy products, petroleum, plastic, and fabrics.

Domestic sector accounted for 60 percent of total imports and exports, and foreign-invested sector accounted for the rest 40 percent.

By Bach Viet – Translated by Thuy Doan

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