Vietnam’s Import and Export Turnover for the First Five Months of 2025. Source: Statistics Bureau
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Export Turnover
The export turnover in May 2025 reached $39.6 billion, a 5.7% increase compared to the previous month. The domestic economic sector accounted for $8.61 billion, a decrease of 26.1%, while the foreign-invested sector (including crude oil) reached $30.99 billion, an increase of 20.1%. Compared to the same period last year, the export turnover in May increased by 17.0%, with the domestic economic sector decreasing by 10.1% and the foreign-invested sector (including crude oil) increasing by 27.7%.
For the first five months of 2025, the export turnover reached $180.23 billion, a 14.0% increase compared to the same period last year. The domestic economic sector accounted for $49.62 billion, a 12.5% increase, making up 27.5% of the total export turnover, while the foreign-invested sector (including crude oil) reached $130.61 billion, a 14.5% increase, making up 72.5%.
In the first five months of 2025, 25 commodities had an export turnover of over $1 billion, accounting for 90.0% of the total export turnover (seven commodities had an export turnover of over $5 billion, accounting for 67.3%).
In terms of export commodity structure in the first five months of 2025, the processed industrial products group accounted for $158.93 billion, or 88.2%; the agricultural and forestry products group accounted for $15.88 billion, or 8.8%; the aquatic products group accounted for $4.21 billion, or 2.3%; and the fuel and mineral products group accounted for $1.21 billion, or 0.7%.
Import Turnover
The import turnover in May 2025 reached $39.04 billion, a 5.9% increase compared to the previous month. The domestic economic sector accounted for $10.86 billion, a decrease of 25.0%, while the foreign-invested sector reached $28.19 billion, an increase of 25.9%. Compared to the same period last year, the import turnover in May increased by 14.1%, with the domestic economic sector decreasing by 13.8% and the foreign-invested sector increasing by 30.4%.
For the first five months of 2025, the import turnover reached $175.56 billion, a 17.5% increase compared to the same period last year. The domestic economic sector accounted for $62.04 billion, a 12.9% increase, while the foreign-invested sector reached $113.52 billion, a 20.2% increase.
In the first five months of 2025, 29 import commodities were valued at over $1 billion, accounting for 86.9% of the total import turnover (four commodities were valued at over $5 billion, accounting for 51.6%).
In terms of import commodity structure in the first five months of 2025, the production materials group accounted for $164.75 billion, or 93.8%, with the machinery, equipment, tools, and spare parts subgroup accounting for 51.2%, and the raw materials, fuels, and materials subgroup accounting for 42.6%. The consumer goods group accounted for $10.81 billion, or 6.2%.
Regarding the export and import markets for the first five months of 2025, the United States was Vietnam’s largest export market, with a turnover of $57.2 billion. China was the largest import market, with a turnover of $69.4 billion. In the first five months of 2025, the trade surplus with the United States reached $49.9 billion, an increase of 28.5% over the same period last year; the trade surplus with the EU was $16.3 billion, an increase of 16.0%; the trade surplus with Japan was $0.9 billion, an increase of 74.8%; the trade deficit with China was $45.9 billion, an increase of 40.3%; the trade deficit with Korea was $12.3 billion, an increase of 5.7%; and the trade deficit with ASEAN was $6.5 billion, an increase of 66.3%.
According to preliminary data, the trade balance of goods in April had a surplus of $0.58 billion; in the first four months, the surplus was $4.11 billion; and in May, the surplus was $0.56 billion. For the first five months of 2025, the trade balance of goods had a surplus of $4.67 billion (in the same period last year, the surplus was $8.71 billion). The domestic economic sector had a trade deficit of $12.42 billion, while the foreign-invested sector (including crude oil) had a trade surplus of $17.09 billion.
– 09:25 06/06/2025
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