In terms of January 2025’s import and export market, the United States was Vietnam’s largest export market, with a turnover of 9.8 billion USD. China, on the other hand, was the country’s largest import market, with a turnover of 11.6 billion USD.
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Export of Goods
The export turnover of goods in January 2025 reached 33.09 billion USD, a decrease of 6.9% compared to the previous month. The domestic economic sector accounted for 9.49 billion USD, an 11.2% drop, while the foreign-invested sector (including crude oil) accounted for 23.6 billion USD, a 5.0% decrease. Compared to the same period last year, the export turnover of goods in January decreased by 4.3%, with the domestic economic sector contributing to a 0.9% decline and accounting for 28.7% of total export turnover, and the foreign-invested sector (including crude oil) experiencing a 5.5% decline, making up 71.3%.
In January, there were seven commodity groups with an export turnover of over 1 billion USD, accounting for 67.9% of the total export turnover.
In terms of the export commodity structure in January 2025, the fuel and mineral group preliminarily reached 0.22 billion USD, accounting for 0.7%. The processed industrial goods group achieved 29.43 billion USD, or 89.0%. The agricultural and forestry product group attained 2.65 billion USD, or 8.0%. Lastly, the aquatic product group earned 0.77 billion USD, accounting for 2.3%.
Import of Goods
The import turnover of goods in January 2025 was 30.06 billion USD, a decrease of 14.1% compared to the previous month. The domestic economic sector accounted for 10.89 billion USD, a 22.2% drop, while the foreign-invested sector reached 19.17 billion USD, a decrease of 8.7%. Compared to the same period last year, the import turnover of goods in January decreased by 2.6%, with the domestic economic sector experiencing a 3.3% decline, and the foreign-invested sector seeing a 2.2% drop.
During the month, there were three groups of imported goods with a value of over 1 billion USD, accounting for 49.3% of the total import turnover.
Regarding the import commodity structure in January 2025, the production input group reached 28.26 billion USD, or 94.0%, with the group of machinery, equipment, tools, and spare parts accounting for 52.0%, and the group of raw materials, fuels, and materials making up 42.0%. The consumer goods group achieved a turnover of 1.8 billion USD, accounting for 6.0%.
In terms of the import and export market in January 2025, the United States remained Vietnam’s largest export market, with a turnover of 9.8 billion USD. China was the largest import market, with a turnover of 11.6 billion USD. During this period, the trade surplus with the United States reached 8.5 billion USD, a decrease of 3.5% compared to the same period last year. There was also a trade surplus of 2.7 billion USD with the EU, a decrease of 17.9%, and a trade surplus of 0.3 billion USD with Japan, an increase of 16.4%. On the other hand, there was a trade deficit of 5.8 billion USD with China, a decrease of 19.6%, a trade deficit of 1.9 billion USD with South Korea, an increase of 2.8%, and a trade deficit of 1.2 billion USD with ASEAN, a significant increase of 241.3%.
In January 2025, the trade balance of goods recorded a surplus of 3.03 billion USD, compared to a surplus of 3.7 billion USD in the same period last year. The domestic economic sector had a trade deficit of 1.4 billion USD, while the foreign-invested sector (including crude oil) had a trade surplus of 4.43 billion USD.
– 10:00 06/02/2025
The Economy Continues its Resilient Recovery
The Vietnamese economy continued its robust recovery, propelled by improving growth dynamics on both the supply and demand sides.
4 Months: Trade Surplus Hits $5 Billion
In the first four months of 2024, from January 1 to April 30, state budget revenues from import-export activities reached an impressive 124,740 billion VND. This significant figure underscores the thriving nature of Vietnam’s foreign trade and the country’s robust economic outlook for the year ahead.
China is the largest market for Vietnam
China emerged as Vietnam’s largest import market during the first four months of 2024, with the estimated import value reaching 41.6 billion USD.
China is Vietnam’s largest import market
China remained as the largest import market of Vietnam in the first four months of 2024, with an estimated turnover of 41.6 billion USD.
There are 39 booming export items nationwide, bringing in nearly 60 billion USD
According to a spokesperson from the Ministry of Industry and Trade, Vietnam’s merchandise trade surplus is estimated at $4.72 billion in the first two months of the year, surpassing the surplus of the same period last year by $1.2 billion.
