Vietnam’s total trade in goods reached US$202.52 billion in the first quarter of 2025, rising 13.7 percent year-on-year. While exports rose by 10.6 percent to US$102.84 billion, a faster 17.0 percent increase in imports narrowed the country’s trade surplus to US$3.16 billion, according to a press release from the General Statistics Office.
Key figures:
- March 2025 total trade turnover: US$75.39 billion
– Exports: US$38.51 billion (+23.8% MoM, +14.5% YoY)
– Imports: US$36.88 billion (+12.9% MoM, +19.0% YoY) - Q1 2025 total trade turnover: US$202.52 billion (+13.7% YoY)
– Exports: US$102.84 billion (+10.6%)
– Domestic sector: US$29.02 billion (+15.0%)
– FDI sector: US$73.82 billion (+9.0%)
– Processed goods: US$90.92 billion (88.4% of total)
– Imports: US$99.68 billion (+17.0%)
– Domestic sector: US$36.78 billion (+19.3%)
– FDI sector: US$62.9 billion (+15.8%)
– Production materials: US$93.51 billion (93.8% of total) - Top partners:
– Largest export market: United States (US$31.4 billion)
– Largest import market: China (US$38.1 billion) - Goods trade balance:
– March surplus: US$1.63 billion
– Q1 surplus: US$3.16 billion (down from US$7.7 billion in Q1 2024)
– Domestic sector: US$7.76 billion deficit
– FDI sector: US$10.92 billion surplus - Services trade:
– Exports: US$7.58 billion (+21.7%)
– Imports: US$9.22 billion (+18.0%)
– Deficit: US$1.64 billion
See also: Vietnam Imports Tracker | Vietnam Exports Tracker