Vietnam’s Import-Export Performance in the First Nine Months of 2025
|
Export Performance
In September 2025, Vietnam’s total export turnover reached USD 42.67 billion, a 1.7% decrease compared to August. Domestic enterprises contributed USD 8.66 billion, down 5.5%, while foreign-invested enterprises (including crude oil) accounted for USD 34.01 billion, a 0.6% decline. Year-on-year, September’s exports surged by 24.7%, with domestic enterprises falling 8.5% and foreign-invested enterprises (including crude oil) rising 37.5%.
During Q3/2025, exports totaled USD 128.57 billion, up 18.4% year-on-year and 9.6% quarter-on-quarter.
For the first nine months of 2025, exports reached USD 348.74 billion, a 16.0% increase year-on-year. Domestic enterprises exported USD 85.41 billion (up 2.0%, 24.5% share), while foreign-invested enterprises (including crude oil) contributed USD 263.33 billion (up 21.4%, 75.5% share).
Thirty-two products achieved over USD 1 billion in exports, accounting for 93.1% of total exports (seven products exceeded USD 10 billion, 67.9% share).
In terms of export structure, processed industrial goods dominated with USD 309.03 billion (88.6%), followed by agricultural and forestry products (USD 29.51 billion, 8.5%), seafood (USD 8.17 billion, 2.3%), and fuels/minerals (USD 2.03 billion, 0.6%).
Import Performance
September 2025 imports totaled USD 39.82 billion, up 0.4% month-on-month. Domestic enterprises imported USD 10.91 billion (up 1.5%), while foreign-invested enterprises imported USD 28.91 billion (flat). Year-on-year, imports rose 24.9%, with domestic enterprises down 1.0% and foreign-invested enterprises up 38.6%.
Q3/2025 imports reached USD 119.66 billion, up 20.2% year-on-year and 6.3% quarter-on-quarter.
For January-September 2025, imports totaled USD 331.92 billion (up 18.8% year-on-year). Domestic enterprises imported USD 105.67 billion (up 4.6%), while foreign-invested enterprises imported USD 226.25 billion (up 26.8%).
Forty-three products surpassed USD 1 billion in imports, accounting for 92.9% of total imports (three products exceeded USD 10 billion, 49.9% share).
Import structure: Production materials (USD 311.22 billion, 93.8%), including machinery/equipment (52.5%) and raw materials (41.3%). Consumer goods accounted for USD 20.7 billion (6.2%).
Key Trading Partners
The US remained Vietnam’s top export market (USD 112.8 billion), while China was the largest import source (USD 134.4 billion). Trade highlights: USD 99.1 billion surplus with the US (up 28.3%), USD 28.8 billion surplus with the EU (up 11.8%), USD 1.5 billion surplus with Japan (down 26.2%), USD 84.8 billion deficit with China (up 40.2%), USD 23.0 billion deficit with South Korea (up 2.4%), and USD 10.6 billion deficit with ASEAN (up 65.4%).
Trade Balance
Vietnam recorded a USD 2.85 billion trade surplus in September 2025. For the first nine months, the surplus reached USD 16.82 billion (down from USD 21.15 billion in 2024). Domestic enterprises posted a USD 20.26 billion deficit, while foreign-invested enterprises achieved a USD 37.08 billion surplus.
– 10:05 06/10/2025
The Economy Continues its Resilient Recovery
The Vietnamese economy continued its robust recovery, propelled by improving growth dynamics on both the supply and demand sides.
4 Months: Trade Surplus Hits $5 Billion
In the first four months of 2024, from January 1 to April 30, state budget revenues from import-export activities reached an impressive 124,740 billion VND. This significant figure underscores the thriving nature of Vietnam’s foreign trade and the country’s robust economic outlook for the year ahead.
China is the largest market for Vietnam
China emerged as Vietnam’s largest import market during the first four months of 2024, with the estimated import value reaching 41.6 billion USD.
China is Vietnam’s largest import market
China remained as the largest import market of Vietnam in the first four months of 2024, with an estimated turnover of 41.6 billion USD.
There are 39 booming export items nationwide, bringing in nearly 60 billion USD
According to a spokesperson from the Ministry of Industry and Trade, Vietnam’s merchandise trade surplus is estimated at $4.72 billion in the first two months of the year, surpassing the surplus of the same period last year by $1.2 billion.
