Notably, exports for the first 11 months increased by 16.1%, while imports rose by 18.4%. The trade balance recorded a surplus of $20.53 billion.
These figures were released by the General Statistics Office (Ministry of Finance) in the Socio-Economic Report for November and the first 11 months of 2025 on December 6th.
According to the report, November’s merchandise export turnover reached $39.07 billion, a 7.1% decrease compared to the previous month. Domestic economic sector exports stood at $8.23 billion, down 4.2%, while foreign-invested sector exports (including crude oil) reached $30.84 billion, down 7.8%.
Compared to the same period last year, November’s export turnover increased by 15.1%. Domestic economic sector exports decreased by 17.5%, while foreign-invested sector exports (including crude oil) grew by 28.8%.
November’s merchandise export turnover reached $39.07 billion. (Illustrative image)
For the first 11 months of 2025, merchandise export turnover totaled $430.14 billion, up 16.1% year-on-year. Domestic economic sector exports were $102.41 billion, down 1.7%, accounting for 23.8% of total exports. Foreign-invested sector exports (including crude oil) reached $327.73 billion, up 23.1%, making up 76.2%.
During this period, 36 products achieved export turnover exceeding $1 billion, contributing 94.1% to total exports (8 products surpassed $10 billion, accounting for 70.3%).
In terms of export structure for the first 11 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 were $10.32 billion, or 2.4%; and fuel and minerals reached $2.52 billion, or 0.6%.
November’s merchandise import turnover was $37.98 billion, down 3.7% month-on-month. Domestic economic sector imports were $11.34 billion, down 0.4%, while foreign-invested sector imports reached $26.64 billion, down 5.1%. Compared to the same period last year, import turnover increased by 16.0%, with domestic economic sector imports down 8.8% and foreign-invested sector imports up 31.2%.
For the first 11 months of 2025, merchandise import turnover reached $409.61 billion, up 18.4% year-on-year. Domestic economic sector imports were $128.4 billion, up 1.7%, while foreign-invested sector imports totaled $281.21 billion, up 28.0%.
During this period, 47 imported products exceeded $1 billion in value, accounting for 93.9% of total import turnover (6 products surpassed $10 billion, making up 57.7%).
In terms of import structure for the first 11 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 fuel for 41.0%. Consumer goods totaled $25.65 billion, or 6.3%.
In the first 11 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. Vietnam recorded a trade surplus of $121.6 billion with the U.S., up 27.5% year-on-year; a surplus of $35.6 billion with the EU, up 10.4%; and a surplus of $2 billion with Japan, down 29.7%. Trade deficits were recorded with China at $104.3 billion, up 38.1%; South Korea at $28.3 billion, up 1.9%; and ASEAN at $12.4 billion, up 46.3%.
According to preliminary data, November’s trade balance recorded a surplus of $1.09 billion. For the first 11 months of 2025, the trade surplus was $20.53 billion (compared to $24.38 billion in the same period last year). Domestic economic sector recorded a trade deficit of $25.99 billion, while the foreign-invested sector (including crude oil) recorded a surplus of $46.52 billion.
Total retail sales and consumer service revenue in November were estimated at 601.2 trillion VND, up 7.1% year-on-year. For the first 11 months of 2025, total retail sales and consumer service revenue reached 6,377.7 trillion VND, up 9.1% year-on-year (compared to 8.9% in the same period of 2024). Excluding price factors, the growth rate was 6.8% (compared to 5.8% in the same period of 2024).
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