Vietnam’s total trade turnover reached $445.12 billion in the first five months of 2026, up 25% from a year earlier, according to data released by the National Statistics Office on June 3.

Exports rose 19.5% year-on-year to $215.66 billion, while imports jumped 30.8% to $229.46 billion, resulting in a trade deficit of $13.8 billion. In the same period last year, the country recorded a trade surplus of $5.1 billion.

In May alone, total import-export turnover amounted to $99.07 billion, up 3.2% from April and 25.8% higher than a year earlier. Exports reached $46.93 billion, increasing 2.1% month-on-month, while imports climbed 4.3% to $52.14 billion, creating a monthly trade deficit of $5.21 billion.

The foreign-invested sector continued to dominate Vietnam’s export performance, accounting for nearly 80% of total exports with shipments worth $172.16 billion, up 24.7% year-on-year.

Processed industrial goods remained the country’s largest export category, generating $193.71 billion and representing 89.8% of total exports. Agricultural and forestry products contributed $15.79 billion, while seafood exports reached $4.67 billion.

The US remained Vietnam’s largest export market, with turnover of $69.6 billion, while China was the country’s biggest source of imports at $92.6 billion.