Vietnam’s exports, imports and trade balance in first 7 months of 2025
Friday, August 8,2025
AsemconnectVietnam - According to the General Statistics Office of Vietnam, in the first 7 months of 2025, the total export and import turnover of goods reached 514.7 billion USD, up by 16.3% over the same period last year, of which exports increased by 14.8%; imports increased by 17.9%.
The trade balance of goods had a trade surplus of 10.18 billion USD.
Vietnam's exports in July and the first 7 months of 2025
Export turnover of goods in July of 2025 reached 42.27 billion USD, up by 6.9% over the previous month. Of which, the export turnover of the domestic economic sector reached 8.95 billion USD, up by 3.5%; the export turnover of the foreign-invested sector (including crude oil) reached 33.32 billion USD, up by 7.9%. Compared to the same period last year, the export turnover of goods in July increased by 16.0%, of which the domestic economic sector decreased by 10.3%, the foreign-invested sector (including crude oil) increased by 25.9%.
In the first 7 months of 2025, the export turnover of goods reached 262.44 billion USD, up by 14.8% over the same period last year. Of which, the export turnover of the domestic economic sector reached 67.48 billion USD, up by 6.7%, accounting for 25.7% of the total export turnover; the foreign-invested sector (including crude oil) reached 194.96 billion USD, up by 17.9%, accounting for 74.3%.
In the first 7 months of 2025, 28 items achieved an export turnover of over 1 billion USD, accounting for 91.7% of total export turnover (there were 9 items with an export turnover of over 5 billion USD, accounting for 72.3%).
Structure of Vietnam's export commodity groups in the first 7 months of 2025
Regarding the structure of export commodity groups in the first 7 months of 2025, the processed industrial commodity group reached 232.37 billion USD, accounting for 88.6%; the agricultural and forestry product group reached 22.4 billion USD, accounting for 8.5%; the aquatic product group reached 6.08 billion USD, accounting for 2.3%; the fuel and mineral product group reached 1.59 billion USD, accounting for 0.6%.
Vietnam's imports in July and the first 7 months of 2025
According to information from the General Statistics Office, the import turnover of goods in July reached 40.0 billion USD, up by9.1% over the previous month. Of which, the import turnover of the domestic economic sector reached 11.29 billion USD, up by 4.6%; the import turnover of the foreign-invested sector reached 28.71 billion USD, up by 11.0%. Compared to the same period last year, the import turnover of goods in July increased by 17.8%, of which the domestic economic sector decreased by 5.0%; the foreign-invested sector increased by 30.0%.
In the first 7 months of 2025, the import turnover of goods reached 252.26 billion USD, up by 17.9% over the same period last year, of which the import turnover of the domestic economic sector reached 84.07 billion USD, up by 8.0%; and the import turnover of the foreign-invested sector reached 168.19 billion USD, up by 23.6%.
In the first 7 months of 2025, there were 36 imported items with a value of over 1 billion USD, accounting for 90.5% of total import turnover (there were 9 imported items with a value of over 5 billion USD, accounting for 64.1%).
Structure of Vietnam's import groups of items in the first 7 months of 2025
Regarding the structure of import groups of items in the first 7 months of 2025, the group of production materials reached 236.57 billion USD, accounting for 93.8%, of which the group of machinery, equipment, tools and spare parts accounted for 51.7%; the group of raw materials, fuels and materials accounted for 42.1%. The group of consumer goods reached 15.69 billion USD, accounting for 6.2%.
In July of 2025, Vietnam had a trade surplus of 2.27 billion USD, and in the first 7 months of 2025, the country got a trade surplus of 10.18 billion USD.
Exports of agriculture, forestry and fishery in the first 7 months of 2025
In the first 7 months of 2025, Vietnam's export turnover of agriculture, forestry and fishery reached 39.68 billion USD, an increase of 14.7% over the same period in 2024, according to the Ministry of Agriculture and Environment. This is a positive increase, showing the clear contribution of the industry to economic growth.
In particular, the trade surplus value of the whole industry also reached 11.52 billion USD, an increase of 15.9% compared to the first 7 months of 2024, showing outstanding efficiency in trade balance. In July of 2025 alone, the country’s export turnover was estimated at 6.01 billion USD, up by 13.4% over the same period of 2024.
In the general picture, the agricultural products group continued to play a key role with an estimated export value of 21.49 billion USD, up by 17%. Notably, although livestock products accounted for a smaller proportion, they achieved the highest growth rate, reaching 22.1% with 339.2 million USD. Other key product groups such as forestry products reaching 10.38 billion USD (up by 8.6%) and aquatic products reaching 6.06 billion USD (up by 13.8%) also showed stable and positive growth.
In terms of export markets, Asia was still the largest destination for Vietnamese agricultural, forestry and aquatic products, accounting for 42.6% of the total value. However, strong growth comes from other potential markets. Europe emerged with a spectacular export value growth of 43.1% over the same period, despite its modest overall market share (15.1%). Africa also recorded an impressive growth rate of 88.9%. The United States (21%), China (18.4%) and Japan (7.2%) continued to be the three largest import partners. Of these, exports to Japan increased sharply by 23.6%, while those to the United States increased by 12.1%.
Regarding the trade balance, Vietnam's agriculture, forestry and fishery sector continued to maintain an impressive surplus. Wood and wood products remained the item with the largest trade surplus, reaching 7.7 billion USD, up 4.1%. Coffee ranked second with a surplus of 5.78 billion USD, up 66%. Shrimp and pangasius also contributed positively to the trade surplus with surpluses increasing by 16.3% and 8.3%, respectively.
On the contrary, some items recorded a trade deficit, the most significant of which were animal feed and raw materials with 1.89 billion USD and cotton of all kinds with 1.88 billion USD.
The impressive figures in the first 7 months of 2025 show that Vietnam's agriculture, forestry and fishery sector is on the path of strong development, not only contributing greatly to export turnover but also maintaining a sustainable trade surplus, creating an important driving force for the economy.
CK
Source: VITIC/congthuong.vn/haiquanonline.com.vn
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