AsemconnectVietnam - According to statistics from the General Department of Customs, Vietnam's total import value from Germany in June reached US$401.39 million; while this represented a 12.64% decrease compared to May of 2026, it marked a substantial 23.23% increase year-on-year.

For the first half of 2026, the total imports exceeded US$2.3 billion—a 21.58% rise compared to the same period of 2025—reflecting strong overall growth momentum driven by domestic demand for production recovery and technological modernization.
In the first six months of the year, several key product categories experienced remarkable growth. Leading in value were machinery, equipment, tools, and spare parts, which reached over US$872.1 million (up by 27.61%). It was followed by computers, electronic products, and components, which surged by 102.68% to nearly US$184.9 million. Other goods serving industrial production and consumption also recorded significant increases compared to the same period of 2025, including completely built-up (CBU) automobiles (up by 126.92%), animal feed and raw materials (up by 107.89%), various types of fabrics (up by 59.2%), and milk and dairy products (up by 52.48%). This robust growth is primarily attributed to Vietnamese enterprises stepping up investments in technology upgrades and expanding production lines, particularly in the mechanical engineering, electronics, and textile sectors to meet the stringent standards of international export markets.
Furthermore, the effective implementation of the EU-Vietnam Free Trade Agreement (EVFTA), with its associated tariff incentives, has stimulated demand for imports of luxury cars, modern machinery, and high-quality raw materials from Germany.
Conversely, certain product categories have recorded significant declines. Notably, the imports of chemicals fell by 30.66% to US$109.6 million, pharmaceuticals dropped by 15.63% to US$190.26 million, pesticides and related raw materials decreased by 10.17%, and various types of fertilizers saw a 29.91% reduction. The decline in chemicals, fertilizers, and plant protection products stems from a shift toward domestic bio-based products or a move to source more cost-competitive alternatives from Asia. Meanwhile, the drop in pharmaceutical imports may be attributed to changes in centralized drug procurement cycles and adjustments to domestic policies regarding medical supply stockpiling.
It is forecast that in the second half of 2026, the country’s import turnover from Germany will maintain a steady growth trend, though it is unlikely to see the explosive growth experienced in the first half of the year.
The demand for machinery, equipment, and electronic components is expected to remain high, driven by the wave of FDI and the recovery of Vietnam's technology product exports. However, the pressures from fluctuating international transport costs and barriers posed by new EU green technical standards could cause the overall growth rate to slow slightly; the total import turnover from Germany for the full year of 2026 is expected to grow by approximately 15%–18% compared to 2025.
CK
Source: VITIC