Vietnam Records $20 Billion Trade Surplus, with One Sector Contributing $18 Billion, Propelling the Nation to Global Export Leadership

By the end of the first 10 months, Vietnam's total import-export turnover surpassed $762 billion, marking a remarkable 17% increase compared to the same period last year.

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According to the General Department of Customs, in the first 10 months of 2025, Vietnam’s total import-export turnover reached USD 762.44 billion, a 17.4% increase (equivalent to USD 112.74 billion) compared to the same period last year.

Exports surged to over USD 390 billion, marking a robust 16.2% growth year-on-year. Imports also rose to USD 371 billion, up 18.6% year-on-year. Over these 10 months, while the economy recorded a USD 20 billion trade surplus, the agricultural sector alone contributed USD 18 billion. The latest report from the Ministry of Agriculture and Environment highlights seven sectors achieving over USD 1 billion in trade surplus, with coffee and fruits and vegetables leading the way, consistently setting new records.

The Ministry of Agriculture and Environment reported that fruit and vegetable exports in October 2025 reached USD 961 million, down from USD 1.313 billion in September 2025 but still significantly higher than October 2024 (USD 519 million). Overall, in the first 10 months of 2025, Vietnam’s fruit and vegetable exports exceeded USD 7 billion, a 15.1% increase compared to the same period in 2024, nearly matching the full-year 2024 figure of USD 7.12 billion.

The growth momentum is primarily driven by key fruits such as durian, bananas, mangoes, jackfruit, coconuts, and pomelos. Durian continues to be the star performer, leading the export growth.

By the end of October 2025, durian exports officially surpassed the 2024 record of USD 3.2 billion. Compared to the same period last year, durian exports increased by 12.3%, significantly higher than the USD 2.85 billion recorded in the first 10 months of 2024.

For coffee, by the end of October 2025, Vietnam exported over 1.3 million tons, earning more than USD 7.4 billion, a 13.4% increase in volume and a substantial 61.9% rise in value compared to the same period last year.

From December 31 this year, coffee exporters to the EU must comply with the EU Deforestation Regulation (EUDR). However, many businesses believe Vietnam’s coffee industry is well-prepared for this new requirement, even seeing it as an opportunity to enhance value.

In 2025, Vietnam is projected to achieve a total import-export turnover of USD 800–850 billion, setting a new record. This reflects strong international confidence in Vietnamese goods and the domestic production and supply capabilities of Vietnamese enterprises.

The outlook for 2026 is even more promising, as monetary easing in major economies like the US, EU, Japan, South Korea, and ASEAN is expected to boost global consumption and production. This will further enhance global recovery and expand opportunities for Vietnamese exports. Easing international trade tensions, particularly the positive steps toward normalizing trade relations between Vietnam and the US, are anticipated to provide a direct boost to exports.

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