General Statistics Office (Ministry of Finance) has just released a report on socio-economic situation in July and the first 7 months of 2026. Imports and exports continue to be a bright spot for growth.
Specifically, regarding export, export turnover of goods in July reached US$53.08 billion, an increase of 4.5% compared to the previous month. Overall, in the first 7 months of 2026, export of goods reached US$319.53 billion, an increase of 21.7% compared to the same period last year. Of this, domestic economic sector accounted for US$63.64 billion, an increase of 5.8%, representing 19.9% of total export turnover. Foreign-invested sector (including crude oil) reached US$255.89 billion, an increase of 26.4%, accounting for 80.1%.
In the first seven months of 2026, 31 product categories achieved export turnover exceeding US$1 billion, accounting for 93.0% of total export turnover (some product categories exceeded US$10 billion, accounting for 69.7%, including: Electronics, computers and components; machinery, equipment, tools and other spare parts; telephones of all types and components; textiles and garments; transport vehicles and parts; wood and wood products).
Regarding structure of export product groups, in the first seven months of 2026, processed industrial goods group reached US$287.91 billion, accounting for 90.1%; agricultural and forestry products group reached US$22.79 billion, accounting for 7.1%; and aquatic products group reached US$6.86 billion, accounting for 2.2%. Fuel and mineral group reached US$1.97 billion, accounting for 0.6%.
On import side, value of goods imported in July reached US$56.67 billion, an increase of 6.1% compared to the previous month. For the first seven months of 2026, value of goods imported reached US$340.05 billion, an increase of 34.8% compared to the same period last year.
In the first seven months of 2026, 40 imported items had a value exceeding US$1 billion, accounting for 93.0% of total import value (with 2 items exceeding US$10 billion, accounting for 52.0%). In structure of imported goods groups, production materials group reached US$319.95 billion, accounting for 94.1%, of which the machinery, equipment, tools and spare parts group accounted for 56.9%; and raw materials, fuels and materials group accounted for 37.2%. Consumer goods reached US$20.1 billion, accounting for 5.9%.
Regarding export and import markets, the United States is Vietnam's largest export market with a turnover of US$104.7 billion. China is Vietnam's largest import market with a turnover of US$138.6 billion.
According to preliminary data, trade balance for goods in July showed a deficit of US$3.59 billion; Vietnam's deficit for the first seven months of 2026 was US$20.52 billion. According to General Statistics Office, main reason for the high trade deficit is the increasing demand for imported raw materials, machinery and goods for production and investment.

Source: Vitic/ congthuong.vn