According to the General Statistics Office (Ministry of Finance), in June 2025, import and export turnover reached 76.15 billion USD, a decrease of 3.2% compared to the previous month and an increase of 18.1% over the same period last year. In the first six months of 2025, the total import and export turnover of goods reached 432.03 billion USD, up 16.1% over the same period last year, of which exports increased by 14.4% and imports by 17.9%.
In particular, exports in June 2025 reached 39.49 billion USD, down 0.3% from the previous month. The domestic economic sector reached 8.64 billion USD, up 0.4%; foreign-invested sector (including crude oil) reached 30.85 billion USD, down 0.4%.
Compared to the same period last year, export turnover in June 2025 increased by 16.3%, in which the domestic economic sector decreased by 5.7%, the foreign-invested sector (including crude oil) increased by 24.4%.
In the second quarter of 2025, export turnover reached 116.93 billion USD, up 18.0% over the same period last year and up 13.6% compared to the first quarter of 2025.
In the first six months of 2025, export turnover of goods reached 219.83 billion USD, up 14.4% over the same period last year. The domestic economic sector reached 58.28 billion USD, up 9.4%, accounting for 26.5% of total export turnover; foreign-invested sector (including crude oil) reached 161.55 billion USD, up 16.4%, accounting for 73.5%.
In the first six months of 2025, there were 28 items with an export turnover of over 1 billion USD, accounting for 91.7% of the total export turnover (9 items with an export turnover of over 5 billion USD, accounting for 72.3%).
In terms of export commodity structure, the group of processed industrial products reached 194.28 billion USD, accounting for 88.4%; agricultural and forestry products reached 19.12 billion USD, accounting for 8.7%; aquatic products reached 5.11 billion USD, accounting for 2.3%; fuel and mineral products reached 1.32 billion USD, accounting for 0.6%.
In the opposite direction, import turnover of goods in June 2025 reached 36.66 billion USD, down 6.1% from the previous month. The domestic economic sector reached 10.79 billion USD, down 0.7%; foreign-invested sector reached 25.87 billion USD, down 8.2%. Compared to the same period last year, import turnover of goods in June 2025 increased by 20.2%, in which the domestic economic sector decreased by 2.0%; the foreign-invested sector increased by 32.7%.
In the second quarter of 2025, import turnover reached 112.52 billion USD, up 18.8% over the same period last year and up 12.9% compared to the first quarter of 2025. In the first six months of 2025, import turnover of goods reached 212.2 billion USD, up 17.9% over the same period last year, of which the domestic economic sector reached 72.82 billion USD, up 10.4%; the foreign-invested sector reached 139.38 billion USD, up 22.3%.
In the first six months of 2025, there were 33 imported commodities with a value of over 1 billion USD, accounting for 89.0% of the total import turnover (6 items with an import turnover of over 5 billion USD, accounting for 56.8%).
In terms of import commodity structure, the group of production materials reached 198.92 billion USD, accounting for 93.7%, of which the group of machinery, equipment, tools and spare parts accounted for 51.2%; the group of raw materials and consumables accounted for 42.5%. The group of consumer goods reached 13.28 billion USD, accounting for 6.3%.
In terms of export and import markets for goods in the first six months of 2025, the United States was Vietnam’s largest export market with a turnover of 70.91 billion USD. China was Vietnam’s largest import market with a turnover of 84.7 billion USD.
In the first six months of 2025, the surplus with the US market reached 62.0 billion USD, up 29.1% over the same period last year; the surplus with the EU market reached 19.0 billion USD, up 11.6%; the surplus with the Japanese market reached 1.2 billion USD, up 69.1%; the deficit with the Chinese market was 55.6 billion USD, up 42.2%; the deficit with the Korean market was 14.6 billion USD, up 0.1%; and the deficit with the ASEAN market was 7.5 billion USD, up 67.4%.
With the above figures, in the first six months of 2025, the trade balance of goods had a surplus of 7.63 billion USD (in the same period last year, there was a surplus of 12.15 billion USD). In which, the domestic economic sector had a deficit of 14.54 billion USD; the foreign-invested sector (including crude oil) had a surplus of 22.17 billion USD.
In the second quarter of 2025, the estimated export turnover of services reached 7.15 billion USD, up 19.7% over the same period last year and down 6.3% from the previous quarter; the estimated import turnover of services reached 10.28 billion USD, up 19.6% over the same period last year and up 11.6% from the previous quarter.
In the first six months of 2025, the estimated export turnover of services reached 14.79 billion USD, up 21.2% over the same period last year, of which tourism services reached 7.62 billion USD (accounting for 51.5% of the total turnover), up 24.7%; transport services reached 4.35 billion USD (accounting for 29.4%), up 31.0%.
The estimated import turnover of services in the first six months of 2025 reached 19.5 billion USD (including transport and insurance services for imported goods of 6.72 billion USD), up 18.8% over the same period last year, of which transport services reached 8.0 billion USD (accounting for 40.8% of the total turnover), up 18.5%; tourism services reached 7.3 billion USD (accounting for 37.4%), up 31.5%.
The trade balance of services in the first six months of 2025 had a deficit of 4.71 billion USD.
Vietnam Achieves $24.31 Billion Trade Surplus in the Last 11 Months
According to the General Statistics Office, the total import and export turnover of goods in November reached a preliminary figure of $66.4 billion, a 4.1% decrease from the previous month. For the eleven-month period ending November 2024, the total import and export turnover of goods reached a preliminary value of $715.55 billion, reflecting a 15.4% increase compared to the same period last year. This growth was driven by a 14.4% rise in exports and a 16.4% surge in imports. The trade balance recorded a surplus of $24.31 billion during this period.
The $440 Billion Trade Surge: FDI Dominance Continues
A staggering $37.17 billion turnover in the latter half of July pushed the total trade value of goods in the first seven months of 2024 to an impressive $440.45 billion, reflecting a significant 17.2% increase compared to the same period last year.
“Import Growth Within Safe Boundaries”
Despite a high growth rate, import figures are not a cause for concern as essential imports accounted for 89% of the total import turnover in the first seven months of 2024.
