Investments

Vietnam Records Over $20.5 Billion Trade Surplus in First 11 Months of 2025

According to data from the Statistics Bureau, in November, the total import-export turnover of goods reached $77.06 billion, a 5.4% decrease compared to the previous month but a 15.6% increase year-over-year. For the first eleven months of 2025, the total import-export turnover of goods hit $839.75 billion, up 17.2% year-over-year, with exports rising 16.1% and imports growing 18.4%. The trade balance recorded a surplus of $20.53 billion.

Administrator

6 December, 2025

Source: General Statistics Office

Export of Goods

In November, the export turnover of goods reached $39.07 billion, a 7.1% decrease compared to the previous month. The domestic economic sector contributed $8.23 billion, down by 4.2%, while the foreign-invested sector (including crude oil) accounted for $30.84 billion, a 7.8% decline. Year-over-year, November’s export turnover increased by 15.1%, with the domestic sector dropping by 17.5% and the foreign-invested sector rising by 28.8%.

For the first eleven months of 2025, the total export turnover reached $430.14 billion, a 16.1% increase from the same period last year. The domestic sector achieved $102.41 billion, a 1.7% decrease, representing 23.8% of total exports. The foreign-invested sector (including crude oil) reached $327.73 billion, a 23.1% increase, accounting for 76.2%.

During this period, 36 goods categories exceeded $1 billion in export turnover, contributing 94.1% of the total (with 8 categories surpassing $10 billion, making up 70.3%).

In terms of export structure for the first eleven months of 2025, processed industrial goods reached $381.72 billion, or 88.7%; agricultural and forestry products totaled $35.58 billion, or 8.3%; seafood products reached $10.32 billion, or 2.4%; and fuel and minerals accounted for $2.52 billion, or 0.6%.

Import of Goods

November’s import turnover of goods was $37.98 billion, a 3.7% decrease from the previous month. The domestic sector contributed $11.34 billion, down by 0.4%, while the foreign-invested sector accounted for $26.64 billion, a 5.1% decline. Year-over-year, November’s import turnover increased by 16.0%, with the domestic sector dropping by 8.8% and the foreign-invested sector rising by 31.2%.

For the first eleven months of 2025, the total import turnover reached $409.61 billion, an 18.4% increase from the same period last year. The domestic sector achieved $128.4 billion, a 1.7% increase, while the foreign-invested sector reached $281.21 billion, a 28.0% increase.

During this period, 47 goods categories exceeded $1 billion in import turnover, contributing 93.9% of the total (with 6 categories surpassing $10 billion, making up 57.7%).

In terms of import structure for the first eleven months of 2025, production materials reached $383.96 billion, or 93.7%, with machinery, equipment, and spare parts accounting for 52.7%, and raw materials and fuels for 41.0%. Consumer goods totaled $25.65 billion, or 6.3%.

Regarding export and import markets for the first eleven months of 2025, the United States was Vietnam’s largest export market with a turnover of $138.6 billion. China was the largest import market with a turnover of $167.5 billion. During this period, Vietnam recorded a trade surplus of $121.6 billion with the U.S., up 27.5% year-over-year; a surplus of $35.6 billion with the EU, up 10.4%; and a surplus of $2.0 billion with Japan, down 29.7%. Vietnam had a trade deficit of $104.3 billion with China, up 38.1%; $28.3 billion with South Korea, up 1.9%; and $12.4 billion with ASEAN, up 46.3%.

According to preliminary data, the trade balance in October showed a surplus of $2.6 billion; for ten months, a surplus of $19.44 billion; and in November, a surplus of $1.09 billion. For the first eleven months of 2025, the trade balance recorded a surplus of $20.53 billion (compared to $24.38 billion in the same period last year). The domestic sector had a deficit of $25.99 billion, while the foreign-invested sector (including crude oil) had a surplus of $46.52 billion.

Nhat Quang

– 09:55 06/12/2025