(Financial Market) – In the first seven months of 2025, Vietnam’s total import-export turnover surged impressively to USD 514.7 billion, marking a 16.3% increase year-on-year.
According to the Ministry of Finance and the General Statistics Office, in July alone, total import-export value reached USD 82.27 billion—up 8% from June 2025 and 16.8% higher than the same period last year.
Exports in July hit USD 42.27 billion, a 6.9% rise from June and 16% higher than July 2024. Notably, this growth was driven primarily by the foreign-invested sector, which soared 25.9%, while the domestic sector saw a 10.3% decline.
On the import side, July recorded USD 40 billion in goods imports, up 9.1% from the previous month and 17.8% from July last year. Once again, foreign-invested enterprises played a key role with a 30% increase, while domestic enterprises fell by 5%.
Cumulatively, from January to July, export turnover reached USD 262.44 billion. Of this, 28 export items exceeded the USD 1 billion mark, accounting for 91.7% of total export value. Remarkably, nine items surpassed USD 5 billion, contributing 72.3% to the total.
Vietnam’s export structure continues to be dominated by processed industrial goods, totaling USD 232.37 billion (88.6%). Agricultural and forestry products brought in USD 22.4 billion (8.5%), seafood USD 6.08 billion (2.3%), and fuel/minerals USD 1.59 billion (0.6%).
On the import side, Vietnam recorded USD 252.26 billion worth of goods imported in the first seven months. Among these, 36 items had values over USD 1 billion, accounting for 90.5% of the total. Nine items exceeded USD 5 billion, representing 64.1%.
The import structure reveals a heavy reliance on production materials, which made up USD 236.57 billion or 93.8% of total imports. Of this, machinery, equipment, and spare parts accounted for 51.7%, while raw materials and fuel made up 42.1%. Consumer goods imports reached USD 15.69 billion (6.2%).
By market, the United States remained Vietnam’s largest export partner with USD 85.1 billion in turnover. In contrast, China was the top import source at USD 101.5 billion.
Vietnam’s trade balance by market shows clear imbalances: the country posted a surplus of USD 74.6 billion with the U.S. (+28.6%), USD 22.3 billion with the EU (+9.9%), and USD 1.3 billion with Japan (+21%). Meanwhile, trade deficits were seen with China (USD 66.5 billion, +41.1%), South Korea (USD 17.4 billion, –0.2%), and ASEAN (USD 8.5 billion, +63%).
