AsemconnectVietnam - Germany is the largest economy in the Eurozone. Germany is also the second largest exporter in the world, and exports of high value-added products have been the main driver of Germany's growth in recent years.

Exports of goods and services account for 46% of Germany's GDP. Germany's main export products include cars, machinery, chemicals, pharmaceuticals and high-tech equipment.
Germany has a very strong manufacturing industry, with globally famous brands such as Volkswagen, BMW, Audi and Mercedes-Benz. Germany is also a pioneer in high-tech fields.
According to tradingeconomics.com, citing data from the German Statistical Office, the German economy in the second quarter of 2025 declined by 0.1% compared to the first quarter of 2025, mainly due to reduced investment in equipment and construction. However, private and government consumption continued to grow. Compared to the second quarter of 2024, Germany's GDP in the second quarter of 2025 increased by 0.4%. In the first half of 2025, Germany's total export turnover reached 785.6 billion euros, up 0.6% compared to the same period in 2024.
The tradingeconomics.com website also cited data from the German Federal Statistical Office, saying that Germany's annual consumer price inflation increased to 2.2% in August of 2025, compared to 2% in June of 2025. The unemployment rate in Germany in August remained unchanged since March 2025 at 6.3%. Meanwhile, Germany's HCOB manufacturing PMI index reached 49.8 points in August 2025, up from 49.1 points in July 2025.
In Germany, consumption trends are being influenced by the macroeconomic situation, especially inflation and energy prices. Environmental awareness, technological developments and online shopping habits also affect consumption trends in this country.
The Vietnam - EU Free Trade Agreement (EVFTA), which took effect in August of 2020, has been creating significant positive impacts on trade relations between Vietnam and the EU, especially Vietnam - Germany trade relations, creating opportunities for businesses of the two countries, especially Vietnamese agricultural, aquatic and textile products, to easily access the German market.
The reduction of import tariffs in the EU in general and the German market in particular under the EVFTA helps Vietnamese goods have a competitive advantage in price in the German market, helping products that Vietnam has strengths in exporting to easily access this market. During the 2020-2024 period, the total import-export turnover between Vietnam and Germany increased sharply and reached a peak of nearly 12.6 billion USD in 2022. Vietnam's goods exports to the German market also recorded a sharp increase during this period and reached nearly 9 billion USD in 2022.
Vietnam's import turnover from the German market is always lower than its export turnover, so Vietnam continuously had a trade surplus with Germany during the 2020-2024 period. The largest surplus was achieved in 2022 with nearly 5.4 billion USD.
According to statistics from the Vietnam Customs Department, in the first 8 months of 2025, Vietnam's export turnover to the German market reached 6.2 billion USD, an increase of 18% over the same period of 2024. Machinery, equipment, tools and spare parts were the main export items of Vietnam to the German market in the first 8 months of 2025 with a turnover of over 914 million USD, an increase of 8.8% over the same period of 2024.
Meanwhile, Vietnam's import turnover from Germany reached nearly 2.62 billion USD, an increase of nearly 5.9% over the same period of 2024. Machinery, equipment, tools and spare parts were also the main items of Vietnam imported from Germany in the first 8 months of 2025, with a turnover value of over 966 million USD, an increase of nearly 11.7% over the same period of 2024.
The trade between Vietnam and Germany is showing strong momentum and potential for growth in the coming years, especially in the period 2025-2030. In early 2025, Germany returned to its position as Vietnam's largest trading partner in Europe, showing a recovery and sustainable growth in two-way trade between the two countries.
EVFTA remains the main driver for bilateral trade growth. Tariff cuts and reductions in non-tariff barriers continue to facilitate Vietnamese goods' access to the German market, and promote German investment in Vietnam.
CK
Source: VITIC