Vietnam’s total goods trade in January 2026 reached US$88.16 billion, down 0.6 percent from the previous month and up 39.0 percent year on year, resulting in a trade deficit of US$1.78 billion, according to the latest release from the National Statistics Office.
Goods exports totalled US$43.19 billion, down 2.0 percent month on month and up 29.7 percent year on year, with the domestic sector declining 1.3 percent and the foreign-invested sector rising 42.2 percent to account for 78.0 percent of exports.
Nine export categories exceeded US$1 billion, led by electronics, computers and components at US$9.56 billion, phones and components at US$5.66 billion, machinery and equipment at US$5.43 billion, and textiles and garments at US$3.25 billion.
Processed industrial goods accounted for 89.0 percent of exports, followed by agricultural and forestry products at 8.5 percent, aquatic products at 2.3 percent, and fuels and minerals at 0.2 percent.
Goods imports reached US$44.97 billion, up 0.6 percent from December and up 49.2 percent year on year, driven by a 66.8 percent increase in the foreign-invested sector, while the domestic sector rose 18.2 percent.
Eight imported items exceeded US$1 billion, led by electronics, computers and components at US$16.63 billion, machinery and equipment at US$5.88 billion, and cars at US$1.06 billion, up 98.0 percent year on year.
Production materials accounted for 94.0 percent of imports, while consumer goods represented 6.0 percent.
The United States was Vietnam’s largest export market at US$13.9 billion, while China was the largest import source at US$19.0 billion, contributing to a trade surplus of US$12.0 billion with the United States and a trade deficit of US$12.7 billion with China.
January’s trade deficit compared with a surplus of US$3.17 billion a year earlier, with the domestic sector recording a US$3.4 billion deficit and the foreign-invested sector a US$1.62 billion surplus.