VIET NAM’S IMPORT–EXPORT PERFORMANCE 2025: USD 930 BILLION RECORD, WHILE TRADE SURPLUS NARROWS
15/01/2026
In 2025, Viet Nam recorded an all-time high in total import–export turnover, driven by stronger import growth than exports, reflecting expanding production demand and deeper global integration.
1. Trade Overview 2025
- Viet Nam’s total merchandise import–export turnover in 2025 reached USD 930.05 billion, up 18.2% year-on-year, according to the General Statistics Office of Viet Nam.
- Exports totalled USD 475.04 billion, increasing 17.0%, while imports reached USD 455.01 billion, up 19.4%.
- The trade balance remained positive, with a surplus of approximately USD 20 billion; however, import growth outpaced export growth.
2. Exports: Continued Growth, but at a Slower Pace than Imports.png)
The foreign-invested sector continued to play a dominant role, accounting for over 77% of total export value. Meanwhile, the domestic sector recorded a slight decline compared with 2024, highlighting ongoing competitiveness challenges. Export composition continued to improve, with processed and manufactured goods representing nearly 90% of total exports.
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Electronics, computers and components, textiles, footwear, and processed agricultural and food products maintained a high share, indicating a steady increase in technological content and value-added intensity.
3. Imports: Production Momentum Driving Raw Material Demand.png)
The majority of imports served production and export activities. Production inputs accounted for 93.6% of total import value, including:
In 2025, 47 imported items exceeded USD 1 billion, accounting for nearly 94% of total import turnover. Notably, nine items surpassed USD 10 billion, contributing 64.8% of total imports. Import growth outpaced export growth by 2.4 percentage points, clearly reflecting expanding production scale and rising demand for inputs and components.
4. Key Import–Export Markets: United States, EU, China and ASEAN
Viet Nam continued to post a substantial trade surplus with the United States, reaching USD 133.9 billion, up over 28% year-on-year. The EU maintained a surplus of USD 38.6 billion, increasing 10.1%. In contrast, the trade surplus with Japan fell sharply by 30.1%, down to USD 2.1 billion.
On the deficit side, China remained Viet Nam’s largest import partner, with a trade deficit of USD 115.6 billion, up nearly 40%. South Korea and ASEAN recorded deficits of USD 31.6 billion and USD 14.2 billion, respectively, underlining sustained regional supply chain pressures.
2025 marks a turning point for Viet Nam’s trade landscape. Total turnover reached a record level, exceeded policy targets, and reflected both recovering global demand and the increasingly tangible impact of free trade agreements. These results confirm that Viet Nam’s trade expansion is becoming more substantive, laying a solid foundation for sustainable import–export growth in the coming years.
The 2026–2027 period will be critical for enterprises to optimise supply chains, control logistics costs, and select end-to-end logistics partners capable of supporting deeper international integration.
For further information, please contact:
Export structure by economic sector and product group in 2025 (Source: VnEconomy)
The foreign-invested sector continued to play a dominant role, accounting for over 77% of total export value. Meanwhile, the domestic sector recorded a slight decline compared with 2024, highlighting ongoing competitiveness challenges. Export composition continued to improve, with processed and manufactured goods representing nearly 90% of total exports.
Export commodities exceeding USD 10 billion in 2025 (Source: General Statistics Office)
Electronics, computers and components, textiles, footwear, and processed agricultural and food products maintained a high share, indicating a steady increase in technological content and value-added intensity.
3. Imports: Production Momentum Driving Raw Material Demand
Import structure and product groups in 2025 (Source: VnEconomy)
The majority of imports served production and export activities. Production inputs accounted for 93.6% of total import value, including:
- Machinery, equipment, tools and spare parts: 52.7%
- Raw materials, fuels and materials: 40.9%
Import commodities exceeding USD 10 billion in 2025 (Source: General Statistics Office)
In 2025, 47 imported items exceeded USD 1 billion, accounting for nearly 94% of total import turnover. Notably, nine items surpassed USD 10 billion, contributing 64.8% of total imports. Import growth outpaced export growth by 2.4 percentage points, clearly reflecting expanding production scale and rising demand for inputs and components.
4. Key Import–Export Markets: United States, EU, China and ASEAN
Import–export markets in 2025 (Source: General Statistics Office)
Viet Nam continued to post a substantial trade surplus with the United States, reaching USD 133.9 billion, up over 28% year-on-year. The EU maintained a surplus of USD 38.6 billion, increasing 10.1%. In contrast, the trade surplus with Japan fell sharply by 30.1%, down to USD 2.1 billion.
On the deficit side, China remained Viet Nam’s largest import partner, with a trade deficit of USD 115.6 billion, up nearly 40%. South Korea and ASEAN recorded deficits of USD 31.6 billion and USD 14.2 billion, respectively, underlining sustained regional supply chain pressures.
2025 marks a turning point for Viet Nam’s trade landscape. Total turnover reached a record level, exceeded policy targets, and reflected both recovering global demand and the increasingly tangible impact of free trade agreements. These results confirm that Viet Nam’s trade expansion is becoming more substantive, laying a solid foundation for sustainable import–export growth in the coming years.
The 2026–2027 period will be critical for enterprises to optimise supply chains, control logistics costs, and select end-to-end logistics partners capable of supporting deeper international integration.
For further information, please contact:
- Email: info@vlc.com.vn
- Hotline: +84-909-026-261