AsemconnectVietnam - Vietnam-Singapore trade turnover in the first quarter of 2026 reached SGD 13.6 billion, a 38.3% increase compared to the same period last year, reflecting the trend of expanding cooperation and deeper participation in the global value chain of the two economies.

According to the Vietnamese Trade Office in Singapore, amidst the volatile global economy, trade relations between Vietnam and Singapore continued to maintain positive growth momentum, demonstrating the increasingly close complementarity and linkage between the two economies.
Vietnam continued to hold the position of Singapore's 10th largest trading partner in the first three months of 2026.
Notably, Vietnam is increasingly asserting its role as an important supply source for Singapore, while also being a significant import market for technology and energy products. The three main product groups included machinery, electrical equipment and components (HS 85); fuels, petroleum and distillate products (HS 27); The group of goods including reactors, boilers, mechanical machinery and parts (HS 84) continues to drive bilateral trade growth.
These product groups recorded high growth in both directions. Specifically, Vietnam's exports to Singapore increased sharply, with HS 85 increasing by 147% year-on-year; HS 27 by 381% year-on-year; and HS 84 by 245.5% year-on-year.
Conversely, Vietnam's imports from Singapore also maintained their upward trend, with HS 85 increasing by 9.4% year-on-year; HS 27 by 15.5% year-on-year; and HS 84 by 24.7% year-on-year.
This trend aligns with Singapore's development strategy of boosting exports of high-tech products while leveraging global demand for electronic components to support emerging technologies such as artificial intelligence.
Overall, bilateral trade turnover in the first quarter of 2026 reached SGD 13.6 billion (equivalent to USD 10.6 billion), an increase of 38.3% compared to the same period last year. Of this, Vietnam's exports to Singapore reached SGD 5.8 billion, a significant increase of 128.7%, while imports from Singapore to Vietnam reached SGD 7.7 billion, an increase of 6.5%.
These figures not only reflect the strong recovery of bilateral trade but also demonstrate Vietnam's increasingly prominent role in regional and global supply chains.
CK
Source: VITIC/ tapchikinhtetaichinh.vn