In December, Vietnam imported US$647.64 million worth of goods from Singapore, up from US$465.67 million in November, a change of 39.08 percent, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$6,062 million worth of goods from Singapore.
Vietnam imported US$214.38 million worth of petroleum products from Singapore in December. This was up from US$111.61 million in November, a change of 92.07 percent.
Vietnam imported US$155.45 million worth of computers, electrical products, spare-parts and components thereof from Singapore in December. This was up from US$132.80 million in November, a change of 17.06 percent.
Vietnam imported US$65.03 million worth of other petroleum products from Singapore in December. This was up from US$40.25 million in November, a change of 61.55 percent.
Vietnam imported US$48.18 million worth of essential oils and resinoids; perfumery, cosmetic or toilet preparations from Singapore in December. This was up from US$33.53 million in November, a change of 43.69 percent.
Vietnam imported US$39.47 million worth of machine, equipment, tools and instruments from Singapore in December. This was up from US$38.20 million in November, a change of 3.34 percent.
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Vietnam imports from Singapore in December US$m
| December | November | MoM | YTD | |
| Total | 647.64 | 465.67 | 39.08% | 6,061.63 |
| Petroleum products | 214.38 | 111.61 | 92.07% | 2,341.36 |
| computers, electrical products, spare-parts and components thereof | 155.45 | 132.80 | 17.06% | 985.55 |
| Other petroleum products | 65.03 | 40.25 | 61.55% | 562.31 |
| Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 48.18 | 33.53 | 43.69% | 404.17 |
| machine, equipment, tools and instruments | 39.47 | 38.20 | 3.34% | 340.34 |
| Plastics | 27.15 | 24.58 | 10.44% | 312.71 |
| Other edible food preparations | 23.27 | 23.74 | -2.00% | 279.67 |
| Chemical products | 16.59 | 12.86 | 29.05% | 193.16 |
| Other products | 13.85 | 0.00 | 0.00% | 140.59 |
| Ferrous waste and scrap | 11.76 | 8.41 | 39.90% | 79.97 |
| Chemicals | 9.69 | 9.04 | 7.18% | 163.27 |
| Insecticides, rodenticides and materials | 5.59 | 4.18 | 33.64% | 53.67 |
| Milk and milk products | 3.73 | 3.31 | 12.78% | 56.01 |
| Animal fodders and animal fodder materials | 3.55 | 1.43 | 148.29% | 30.13 |
| Plastic products | 2.89 | 2.42 | 19.44% | 28.41 |
| Pharmaceutical products | 1.52 | 1.19 | 27.13% | 15.62 |
| Iron and steel products | 1.39 | 1.13 | 22.70% | 19.11 |
| Pastries, sweets and cereal products | 1.22 | 1.15 | 6.13% | 13.01 |
| Paper | 1.16 | 0.39 | 196.44% | 14.06 |
| Animal, vegetable fats and oils | 0.40 | 0.32 | 26.75% | 4.46 |
| Rubber products | 0.30 | 0.25 | 19.83% | 3.61 |
| Other base metal products | 0.28 | 0.37 | -24.43% | 3.45 |
| Pharmaceutical materials | 0.28 | 0.11 | 139.71% | 1.88 |
| Insulated wires and cables | 0.26 | 0.21 | 26.80% | 4.19 |
| Other base metals | 0.13 | 0.12 | 7.91% | 2.88 |
| Paper products | 0.09 | 0.04 | 150.74% | 0.78 |
| Textile, leather and footwear materials and auxiliaries | 0.03 | 0.02 | 26.75% | 0.43 |
| Fishery products | 0.02 | 0.13 | -82.16% | 1.18 |
| Fabrics | 0.00 | 0.15 | -100.00% | 0.64 |
| Iron and steel | 0.00 | 0.00 | 0.00% | 0.09 |
| Ores and other minerals product | 0.00 | 0.06 | -100.00% | 4.75 |
| other means of transportation, parts and accessories thereof | 0.00 | 13.66 | -100.00% | 0.18 |
Vietnam trade with Singapore
In December, Vietnam imported goods worth US$647.64 million from Singapore and exported US$563.99 million, bringing total trade to US$1,211.63 million and resulting in a trade deficit of US$83.66 million.
Two-way trade so far this year between Vietnam and Singapore has reached US$11,919.35 million, with Vietnam importing US$6,061.63 million worth of goods and exporting US$5,857.72 million.
Discover more about trade in Vietnam→
Vietnam trade with Singapore year to date US$m
| December | November | MoM | YTD | |
| Imports | 647.64 | 465.67 | 39.08% | 6,061.63 |
| Exports | 563.99 | 433.06 | 30.23% | 5,857.72 |
| Total | 1,211.63 | 898.73 | 34.82% | 11,919.35 |
| Balance | -83.66 | -32.61 | 156.51% | -203.91 |
Vietnam-Singapore news
Recent developments in trade and investment between the two countries include:
Singapore Vinamilk divestment
Singapore’s Jardine Cycle and Carriage will sell 96 million Vinamilk shares, equivalent to 4.6 percent, to F and N Dairy Investments for VND 6.01 trillion (US$228 million).
The sale will be executed via wholly owned subsidiary Platinum Victory at VND 62,555 per share, reducing its Vinamilk stake from 10.62% to 6.02%.
Following completion, F and N’s combined ownership in Vinamilk will rise from 20.39% to 24.99%, while Platinum Victory’s board representative will step down.
US-Singapore JV soy bean plant
A US–Singapore joint venture has invested more than US$100 million to add a second soybean crushing line in southern Vietnam.
Vietnam Agriculture Limited, owned by Bunge and Wilmar International, inaugurated the new 4,000-ton-per-day line at Phu My 1 Industrial Park, raising total capacity to 7,800 tons daily.
See the latest Vietnam news headlines→
Vietnam-Singapore trade relations
Vietnam and Singapore have maintained close trade relations since the 1990s, supported by the ASEAN Free Trade Area.
Bilateral ties were further deepened by the Vietnam Singapore Industrial Park programme, which has attracted significant Singaporean investment into manufacturing and infrastructure.
Trade between Vietnam and Singapore is also governed by multilateral frameworks including the Comprehensive and Progressive Agreement for Trans Pacific Partnership and the Regional Comprehensive Economic Partnership.
Singapore is one of Vietnam’s largest foreign investors and a major trade and logistics hub for Vietnamese exports to global markets.