In October, Vietnam exported US$377 million worth of goods to the Philippines, up 8.73 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has exported US$4,659 million worth of goods to the Philippines.
Vietnam’s biggest export to the Philippines in value terms was “other products”, with US$81.57 million worth shipped. This was up 29.24 percent over September. It brings the total exported so far this year to US$653.29 million.
This was followed by other means of transportation, and parts, valued at US$35.50 million, up 1.04 percent from September. Year-to-date these exports reached US$268.42 million.
Iron and steel were also popular with exports to the Philippines, totalling US$31.90 million, rising 26.30 percent over September. Cumulative shipments now stand at US$84.58 million.
Machine, equipment, tools and instruments also featured prominently accounting for US$28.93 million worth of exports to the Philippines, a decline of 8.67 percent versus September. Total exports so far this year are US$326.79 million.
Exports of telephones to the Philippines round out the top five, with US$19.48 million shipped.
Learn more about manufacturing in Vietnam→
Vietnam exports to Philippines in October US$millions
| October | September | Change | YTD | |
| Total | 377.19 | 346.89 | 8.73% | 4,658.83 |
| Other products | 81.57 | 63.12 | 29.24% | 653.29 |
| Other means of transportation, and parts | 35.50 | 35.14 | 1.04% | 268.42 |
| Iron and steel | 31.90 | 25.26 | 26.30% | 84.58 |
| Machine, equipment, tools and instruments | 28.93 | 31.67 | -8.67% | 326.79 |
| Telephones, mobile phones and parts thereof | 19.48 | 17.69 | 10.10% | 226.30 |
| Computers, electrical products, and spare-parts | 17.53 | 22.24 | -21.19% | 179.99 |
| Clinker and cement | 17.01 | 17.62 | -3.45% | 199.45 |
| Textiles and garments | 16.71 | 9.26 | 80.36% | 111.31 |
| Fishery products | 15.56 | 8.25 | 88.54% | 95.49 |
| Iron and steel products | 13.23 | 13.12 | 0.81% | 101.61 |
| Rice | 13.15 | 17.56 | -25.12% | 1,456.30 |
| Plastics | 10.15 | 8.11 | 25.14% | 55.88 |
| Coffee | 8.47 | 10.37 | -18.40% | 226.71 |
| Chemical products | 8.20 | 7.40 | 10.83% | 68.26 |
| Plastic products | 6.19 | 6.22 | -0.50% | 62.55 |
| Footwear | 6.16 | 6.42 | -4.07% | 89.87 |
| Yarn | 6.08 | 6.93 | -12.29% | 68.41 |
| Insulated wires and cables | 5.55 | 5.34 | 4.01% | 54.50 |
| Animal fodders and animal fodder materials | 5.21 | 10.47 | -50.23% | 37.85 |
| Paper and paper products | 4.73 | 4.69 | 1.03% | 42.36 |
| Coal | 4.24 | 0.00 | 0.00% | 25.81 |
| Fertilizers | 3.73 | 1.02 | 264.36% | 34.20 |
| Textile, leather and footwear materials | 3.66 | 3.75 | -2.32% | 30.92 |
| Pastries, sweets and cereal products | 3.40 | 3.60 | -5.50% | 30.78 |
| Pepper | 3.21 | 3.37 | -4.68% | 33.77 |
| Other base metals and other base metal products | 1.78 | 1.40 | 27.13% | 15.95 |
| Cashew nut | 1.69 | 1.95 | -13.55% | 16.46 |
| Ceramic products | 1.65 | 1.39 | 18.92% | 23.28 |
| Glass and glassware | 0.94 | 1.41 | -33.60% | 13.05 |
| Still image, video cameras and parts thereof | 0.68 | 0.96 | -29.05% | 10.45 |
| Manioc and manioc products | 0.40 | 0.63 | -36.11% | 7.59 |
| Furnitures of other materials, other than of wood | 0.21 | 0.11 | 102.00% | 1.35 |
| Tea | 0.18 | 0.33 | -47.02% | 2.58 |
| Chemicals | 0.11 | 0.08 | 41.58% | 2.71 |
Vietnam imports from the Philippines
In October, Vietnam imported US$198 million worth of goods from the Philippines, up 3.80 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$2,004 million worth of goods from the Philippines.
Read the full report in Vietnam imports from the Philippines in October→
Vietnam trade with Philippines
In October, Vietnam imported US$198.17 million worth of goods from Philippines and exported US$377.19 million, for total trade worth US$575.37 million, and leaving a trade surplus of US$179.02 million.
Two-way trade so far this year between Vietnam and Philippines has reached US$6,663 million, with Vietnam importing US$2,004 million worth of goods and exporting US$4,659 million worth of goods.
Discover more about trade in Vietnam→
Vietnam trade with Philippines year to date October US$millions
| October | September | Change | YTD | |
| Imports | 198.17 | 190.92 | 3.80% | 2,004.25 |
| Exports | 377.19 | 346.89 | 8.73% | 4,658.83 |
| Total | 575.37 | 537.81 | 6.98% | 6,663.09 |
| Balance | 179.02 | 155.97 | 14.78% | 2,654.58 |
Vietnam-Philippines trade & investment
Power plant sale
It was announced in early November that Japan’s Sumitomo Group had sold 50 percent of its stake in Van Phong Power Company, owner of the Van Phong 1 thermal power plant, to Thailand’s EGAT International and the Philippines’ AboitizPower, each acquiring 25 percent.
AboitizPower said it will invest about US$220 million after regulatory approvals, marking its first overseas acquisition.
Philippines rice import stop extended
Last week it was announced that Philippine President Ferdinand Marcos Jr. has extended the country’s suspension of regular rice imports until the end of 2025.
The ban covers milled and well-milled rice but excludes varieties not commonly grown by Filipino farmers.
Vietnam-Philippines trade relations
Vietnam and the Philippines maintain strong bilateral trade ties under the ASEAN Trade in Goods Agreement (ATIGA).
The Philippines is among Vietnam’s key partners within ASEAN, particularly for agricultural and manufactured goods.
Vietnam mainly exports rice, machinery, textiles, and seafood to the Philippines, while importing electronics, machinery, and processed food.
Two-way trade between the countries has grown steadily over the past decade, driven by complementary economic structures and regional supply chain integration.
Both countries have expressed interest in expanding cooperation in energy, digital transformation, and logistics to further strengthen trade connectivity.