AsemconnectVietnam - Vietnam's exports of goods increased by 8.4% in the first 2 months of this year, while the import turnover increased by 15.9% in the period.

So in the first 2 months of this year, the country got 1.47 billion USD of trade surplus.
According to the National Statistics Office (NSO), Vietnam’s total trade turnover reached 127.07 billion USD in the first two months of 2025, increased by 12% compared to the same period of 2024.
Of the figure, the export turnover increased by 8.4%, import turnover increased by 15.9%, and the trade surplus reached 1.47 billion USD.
Vietnam's export turnover in February and the first 2 months of 2025
In February alone, the country's export turnover reached 31.11 billion USD, down by 6.2% from the previous month but up by 25.7% year-on-year. The domestic economic sector posted an impressive growth rate of 32.8%, while the foreign-invested sector, including crude oil, increased by 23.2%.
In the first two months of the year, Vietnam's export turnover reached 64.27 billion USD, increased by 8.4% year-on-year . The domestic sector contributed 17.92 billion USD (up by 12.8%), accounting for 27.9% of total exports, while the foreign-invested sector, including crude oil, accounted for 46.35 billion USD (up by 6.7%), making up 72.1% of total exports.
In the first 2 months of this year, 12 export items recorded the turnover of over 1 billion USD mark, accounting for 77.7% of total export value. Four of these items saw the turnover exceeded 5 billion USD, accounting for 54.6%.
Processed industrial goods remained the dominant export category, generating 57.01 billion USD (88.7% of the total). Agricultural and forestry products contributed 5.35 billion USD (8.3%), seafood reached 1.43 billion USD (2.2%), and fuel and mineral products totaled 0.48 billion USD (0.8%).
Vietnam's imports of goods in the first 2 months of 2025
Vietnam recorded 62.8 billion USD in total import value, an increase of 15.9% year-on-year. The domestic sector accounted for 22.8 billion USD (up 18.7%), while the foreign-invested sector imported 40 billion USD (up 14.4%) worth of goods. Sixteen imported items exceeded 1 billion USD in value, comprising 76.2% of total imports, while two items surpassed the 5 billion USD mark, accounting for 44.5%.
In terms of import structure, production materials dominated with 58.83 billion USD, accounting for 93.7% of the total value. This included machinery, equipment, tools, and spare parts, which made up 50.8%, while raw materials, fuel, and supplies accounted for 42.9%. Meanwhile, the consumer goods imports reached 3.97 billion USD, accounting for 6.3%.
The US remained Vietnam’s largest export market, with the turnover of 19.6 billion USD, while China continued to be the country’s biggest import source, with the imports value of 23.3 billion USD.
Vietnam got 17 billion USD of surplus in trade exchange with the US in the first 2 months of this year, increased by 16.3% over the previous year, while the surplus with the EU increased by 19.2% to 6.4 billion USD. Meanwhile, the country’s trade surplus with Japan surged to 0.5 billion USD, nearly 10 times higher than the same period of 2024.
However, Vietnam continued to have deficits in trade exchange with several major partners, including China (15.4 billion USD, up by 36.9%), the Republic of Korea (4.6 billion USD, up by 20.6%), and ASEAN (2.1 billion USD, up by 116.8%).
CK
Source: VITIC/vietnamplus.vn