Vietnam’s exports of toys and sports requisites, parts and accessories thereof reached US$675.21 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant increase of 25.21 percent compared to April, bringing the year-to-date (YTD) export value to US$2.45 billion.
Top Markets and Notable Increases:
- The USA remained the dominant market, with exports soaring by 34.98 percent to US$499.34 million, accounting for a substantial 67.60 percent of YTD exports.
- Russia recorded an impressive surge of 91.02 percent, reaching US$806,290.
- Sweden saw strong growth of 80.32 percent.
- Denmark exports jumped by 48.97 percent.
- Malaysia increased by 46.58 percent.
- Taiwan increased by 33.91 percent.
- Mexico saw a robust increase of 25.59 percent.
- Australia also showed strong growth of 16.45 percent.
- Other increases were observed in Germany, Belgium, Italy, and Singapore.
- The “Other” category also saw a 40.71 percent increase.
Significant Declines:
- UK experienced a decrease of 9.73 percent.
- Japan exports fell by 7.69 percent.
- South Korea decreased by 7.47 percent.
- Netherlands fell by 6.48 percent.
- China saw a slight decline of 3.89 percent.
- Other modest declines were observed in Canada, France, Hong Kong, and Brazil.
The May data for Vietnam’s exports of toys and sports requisites indicates a very strong month overall, primarily driven by robust demand from the USA and significant growth in several European markets like Russia, Sweden, and Denmark. Despite minor declines in some Asian markets, the sector’s impressive performance highlights its continued growth and importance in Vietnam’s export landscape.
See also: Vietnam’s Toy Industry 2025: Market Data, Exports, Regulations
Vietnam exports of toys and sports requisites; parts and accessories thereof, May 2025, US$ millions
May | April | MoM | YTD | % of YTD | |
Total | 675.21 | 539.25 | 25.21% | 2,450.90 | 100.00% |
Other | 26.60 | 18.91 | 40.71% | 0.00 | 0.00% |
Japan | 44.15 | 47.83 | -7.69% | 205.98 | 8.40% |
UK | 19.16 | 21.22 | -9.73% | 86.77 | 3.54% |
China | 13.29 | 13.82 | -3.89% | 62.22 | 2.54% |
Mexico | 12.79 | 10.18 | 25.59% | 45.43 | 1.85% |
Netherlands | 10.32 | 11.03 | -6.48% | 46.16 | 1.88% |
Australia | 7.59 | 6.52 | 16.45% | 33.12 | 1.35% |
Canada | 7.08 | 7.31 | -3.18% | 33.45 | 1.36% |
Germany | 4.84 | 4.36 | 11.04% | 32.18 | 1.31% |
Belgium | 4.31 | 4.12 | 4.56% | 23.93 | 0.98% |
France | 3.68 | 3.75 | -1.90% | 14.66 | 0.60% |
Spain | 3.62 | 3.48 | 3.99% | 25.09 | 1.02% |
Hong Kong | 3.55 | 3.60 | -1.38% | 15.29 | 0.62% |
Italy | 2.88 | 2.71 | 6.22% | 13.57 | 0.55% |
Brazil | 2.31 | 2.34 | -1.13% | 10.08 | 0.41% |
Taiwan | 1.75 | 1.30 | 33.91% | 5.72 | 0.23% |
Singapore | 1.39 | 1.24 | 11.92% | 6.42 | 0.26% |
Malaysia | 0.94 | 0.64 | 46.58% | 3.89 | 0.16% |
Sweden | 0.82 | 0.45 | 80.32% | 4.98 | 0.20% |
Russia | 0.81 | 0.42 | 91.02% | 3.60 | 0.15% |
Denmark | 0.61 | 0.41 | 48.97% | 2.12 | 0.09% |
USA | 499.34 | 369.93 | 34.98% | 1,656.75 | 67.60% |
South Korea | 3.39 | 3.66 | -7.47% | 19.43 | 0.79% |