Report from General Statistics Office clearly shows that total import-export turnover of goods in February reached 63.77 billion USD, an increase of 0.7% over previous month and an increase of 32.6% over the same period last year.
In the first two months of 2025, total import-export turnover reached 127.07 billion USD, an increase of 12.0% over the same period in 2024, of which exports increased by 8.4% and imports increased by 15.9%. Trade balance of goods had a trade surplus of 1.47 billion USD.
Although down from the previous month, February's export turnover increased by 25.7% compared to the same period in 2024. Notably, domestic economic sector grew strongly with an increase of 32.8%, while the foreign-invested sector increased by 23.2%.
In the first two months of the year, total export turnover reached 64.27 billion USD, up 8.4% over the same period last year. Domestic economic sector contributed 17.92 billion USD, up 12.8%, accounting for 27.9% of total turnover; the foreign-invested sector reached 46.35 billion USD, up 6.7%, accounting for 72.1%.
In terms of structure, processed industrial goods group accounted for the largest proportion with 57.01 billion USD (88.7%), followed by agricultural and forestry products with 5.35 billion USD (8.3%), aquatic products with 1.43 billion USD (2.2%) and fuels and minerals with 0.48 billion USD (0.8%).
On contrary, import turnover of goods in January 2025 reached 30.14 billion USD, increasing to 32.66 billion USD in February, equivalent to an increase of 8.4%. Of which, the domestic economic sector imported 11.87 billion USD (up 8.7%), the foreign-invested sector imported 20.79 billion USD (up 8.1%). Compared to the same period in 2024, import turnover in February increased by 40.0%.
In the first two months of the year, total import turnover reached 62.8 billion USD, up 15.9% over the same period last year. Group of production materials accounted for 93.7% of total import turnover, of which machinery, equipment, tools and spare parts accounted for 50.8%, raw materials and fuel accounted for 42.9%. The group of consumer goods reached 3.97 billion USD, accounting for 6.3%.
In terms of import and export markets, the United States continued to be Vietnam's largest export market with a turnover of 19.6 billion USD. China led in imports with a turnover of 23.3 billion USD.
Preliminary data showed that the trade balance in January had a trade surplus of 3.02 billion USD, but in February, trade deficit was 1.55 billion USD, leading to accumulated trade surplus in the first two months of the year being only 1.47 billion USD, a sharp decrease compared to the trade surplus of 5.13 billion USD in the same period last year. Of which, domestic economic sector had a trade deficit of 4.87 billion USD, while the foreign-invested sector (including crude oil) had a trade surplus of 6.34 billion USD.
Although exports maintained a stable growth momentum, strong increase in imports, especially raw materials for production, is causing trade balance to narrow significantly. This is a signal that the economy is boosting production to serve domestic consumption and export needs in the coming time.

Source: Vitic/ congthuong.vn