Vietnam’s total import and export turnover in February 2025 was US$63.77 billion, marking a 0.7 percent increase from the previous month and a 32.6 percent rise compared to February 2024. For the first two months of 2025, total trade turnover reached US$127.07 billion, up 12.0 percent year-on-year. Exports rose by 8.4 percent, while imports saw a stronger increase of 15.9 percent. The country recorded a trade surplus of US$1.47 billion.
Note that the Lunar New Year break was in February last year but January this year which may impact month-on-month data.
Exports
Vietnam’s export turnover in February reached US$31.11 billion, down 6.2 percent month-on-month but up 25.7 percent year-on-year. In the first two months of 2025, total export turnover stood at US$64.27 billion, reflecting an 8.4 percent annual increase. The domestic sector contributed US$17.92 billion (+12.8 percent), accounting for 27.9 percent of total exports, while the foreign-invested sector (including crude oil) contributed US$46.35 billion (+6.7 percent), making up 72.1 percent of total exports.
In terms of export structure, processed industrial goods dominated with US$57.01 billion, representing 88.7 percent of total exports in the first two months of 2025.
Imports
Vietnam’s import turnover in February was US$32.66 billion, increasing 8.4 percent from January and 40.0 percent year-on-year. For the first two months of 2025, import turnover reached US$62.8 billion, up 15.9 percent from the same period last year. The domestic sector imported US$22.8 billion (+18.7 percent), while the foreign-invested sector imported US$40.0 billion (+14.4 percent).
Production materials made up the majority of imports, amounting to US$58.83 billion, or 93.7 percent of total imports in the first two months of 2025.
Trade balance
Vietnam recorded a trade surplus of US$1.47 billion in the first two months of 2025, significantly lower than the US$5.13 billion surplus recorded in the same period last year. The domestic economic sector posted a trade deficit of US$4.87 billion, while the foreign-invested sector (including crude oil) maintained a trade surplus of US$6.34 billion.
See also: Trade in Vietnam