2025 marks a historic milestone for Vietnam’s trade sector, as total import-export turnover reached $930.05 billion, approaching the $1 trillion threshold for the first time. This achievement sets a new record and reinforces Vietnam’s position in the global supply chain.
1. Key Highlights (Historic Records)
Indicator
Value
Growth Rate
Total Trade Turnover
$930.05 billion
+18.2% YoY
Exports
$475.04 billion
+17.0% YoY
Imports
$455.01 billion
+19.4% YoY
Trade Balance
$20.03 billion surplus
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2. Export Performance by Sector and Market
In 2025, high-tech exports led the growth, highlighting Vietnam’s shift toward advanced manufacturing.
Top Export Commodities
Product Category
Value (USD Billion)
Notes
Electronics, Computers & Components
107.7
First category exceeding $100B
Machinery, Equipment & Parts
59.0
Stable growth
Phones & Components
56.7
Key export driver
Textiles & Garments
39.6
Strong recovery
Footwear
24.2
Major markets: US & EU
Key Export Markets
Market
Export Value
Share
United States
$153.2 billion
~32%
China
$70.45 billion
—
European Union (EU)
—
~12–13%
3. Import Overview in 2025
Imports surged due to strong demand for production inputs, supporting export expansion.
Indicator
Value
Total Imports
$455.01 billion
Largest Supplier
China: $186 billion
Trade Deficit with China
$115.6 billion
Major Import Categories
Product Category
Value (USD Billion)
Computers, Electronics & Components
150.7
Machinery & Equipment
—
Fabrics & Textiles Materials
—
Iron & Steel
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4. Economic Sector Breakdown
Sector
Export Value
Growth
Trade Balance
FDI Sector
$367.09 billion
+26.1%
+$48.09 billion
Domestic Sector
$107.95 billion
-6.1%
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Insight: The FDI sector remains the primary growth engine, while the domestic sector shows signs of slowdown, indicating the need for stronger local supply chain integration.
5. Outlook for 2026: Opportunities and Challenges
Growth Drivers
Effective utilization of Free Trade Agreements (FTAs) such as EVFTA and CPTPP
Continued relocation of high-tech supply chains to Vietnam
Key Challenges
Green trade barriers (e.g., EU’s CBAM mechanism)
Potential US tariff policies (up to 20%)
Volatile global shipping costs
2026 Forecast
If Vietnam maintains growth above 8% and accelerates green transformation, total trade turnover is expected to reach $1 trillion.
