AsemconnectVietnam - According to preliminary statistics from the Customs Department, the two-way trade relationship between Vietnam and Singapore in the first 8 months of 2025 reached over 7.87 billion USD, an increase of 15.43% over the same period of 2024.

In particular, goods imported from Singapore into Vietnam reached over 4 billion USD in the first 8 months of 2025, an increase of 19.19% over the first 8 months of 2024.
In August of 2025 alone, the country’s import turnover from Singapore decreased by 19.53% compared to July of 2025, reaching over 416.95 million USD and an increase of 2.77% compared to August of 2024.
In the opposite direction, goods exports to Singapore reached nearly 3.87 billion USD in the first 8 months of 2025, an increase of 11.78% compared to the first 8 months of 2024. Thus, Vietnam's trade deficit with Singapore in the first 8 months reached nearly 131.17 million USD, while in the first 8 months of 2024, Vietnam's trade surplus with Singapore was 105.44 million USD.
In 2024, two-way trade relations between Vietnam and Singapore reached over 10.53 billion USD, an increase of 16.96% compared to 2023. The trade deficit with Singapore in 2024 reached 217.73 million USD, a decrease of 48.15%.
The largest group of imported goods from Singapore in the past 8 months was petroleum of all kinds, reaching 1.72 billion USD, accounting for 43.08% of the total import turnover of all kinds of goods from this market, up 27.01% compared to the first 8 months of 2024. The group of imported computers, electronic products and components from Singapore ranked second in terms of turnover, reaching 493.54 million USD, accounting for 12.33% of the total turnover, up by 50.58%. The next was the group of petroleum products with over 376.33 million USD, accounting for 9.4%, up by 67.77%; aromatics, cosmetics and cleaning products reached 250.74 million USD, accounting for 6.26% of the total turnover, down by 9.14%.
CK
Source: VITIC