According to data released by the General Statistics Office on the morning of February 6, Vietnam’s total import and export turnover of goods in January 2025 reached $63.15 billion, a decrease of 10.5% compared to the previous month and a decrease of 3.5% over the same period last year. Exports decreased by 4.3%, and imports decreased by 2.6%.
Specifically, the export turnover of goods in January 2025 reached $33.09 billion, a decrease of 6.9% compared to the previous month. The domestic economic sector achieved $9.49 billion, a decrease of 11.2%; the foreign-invested sector (including crude oil) reached $23.6 billion, a decrease of 5.0%.
Compared to the same period last year, the export turnover of goods in January decreased by 4.3%. The domestic economic sector decreased by 0.9%, accounting for 28.7% of the total export turnover; the foreign-invested sector (including crude oil) decreased by 5.5%, accounting for 71.3%.
In January 2025, seven commodity groups achieved export turnover of over $1 billion, accounting for 67.9% of the total export turnover.
In terms of export commodity structure in January 2025, the fuel and mineral group preliminarily reached $0.22 billion, accounting for 0.7%; the processed industrial group reached $29.43 billion, accounting for 89.0%; the agricultural and forestry group achieved $2.65 billion, accounting for 8.0%; and the seafood group reached $0.77 billion, accounting for 2.3%.
In the opposite direction, the import turnover of goods in January 2025 reached $30.06 billion, a decrease of 14.1% compared to the previous month. The domestic economic sector achieved $10.89 billion, a decrease of 22.2%; the foreign-invested sector reached $19.17 billion, 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 decreasing by 3.3% and the foreign-invested sector decreasing by 2.2%.
In the first month of the year, three import commodities had a value of over $1 billion, 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, accounting for 94.0%, of which machinery, equipment, tools, and spare parts accounted for 52.0%, and the group of raw materials, fuels, and materials accounted for 42.0%. The consumer goods group reached $1.8 billion, accounting for 6.0%.
In terms of export and import markets in January 2025, the United States was Vietnam’s largest export market, with a turnover of $9.8 billion. China was the largest import market, with a turnover of $11.6 billion.
In January 2025, the trade surplus with the United States was $8.5 billion, a decrease of 3.5% over the same period last year; the trade surplus with the EU was $2.7 billion, a decrease of 17.9%; the trade surplus with Japan was $0.3 billion, an increase of 16.4%; the trade deficit with China was $5.8 billion, a decrease of 19.6%; the trade deficit with Korea was $1.9 billion, an increase of 2.8%; and the trade deficit with ASEAN was $1.2 billion, an increase of 241.3%.
With the above figures, the trade balance of goods in January 2025 had a trade surplus of $3.03 billion (in the same period last year, the trade surplus was $3.7 billion). The domestic economic sector had a trade deficit of $1.4 billion, while the foreign-invested sector (including crude oil) had a trade surplus of $4.43 billion.
