Hanoi (VNA)🤪 – Vietnam’s total import-export turnover reached 127.07 billion USD in the first two months of 2025, marking a 12% increase compared to the same period last year, the National Statistics Office (NSO) reported on March 6.
The country's export earnings grew by 8.4%, while its import turnover rose by 15.9%, resulting in a trade surplus of 1.47 billion USD.
In February alone, the export turnover stood at 31.11 billion USD, down 6.2% from the previous month but up 25.7% year-on-year. The domestic economic sector posted an impressive growth rate of 32.8%, while the foreign-invested sector, including crude oil, increased by 23.2%.
For the first two months of the year, Vietnam's export turnover reached 64.27 billion USD, an 8.4% year-on-year rise. The domestic sector contributed 17.92 billion USD (up 12.8%), accounting for 27.9% of total exports, while the foreign-invested sector, including crude oil, accounted for 46.35 billion USD (up 6.7%), making up 72.1% of total exports.
During this period, 12 export items surpassed the 1 billion USD mark, making up 77.7% of total export value. Four of these items exceeded 5 billion USD, accounting for 54.6%.
By sector, processed industrial goods remained the dominant export category, generating 57.01 billion USD (88.7% of the total). Agricultural and forestry products contributed 5.35 billion USD (8.3%), seafood reached 1.43 billion USD (2.2%), and fuel and mineral products totaled 0.48 billion USD (0.8%).
On the import side, Vietnam recorded 62.8 billion USD in total import value, an increase of 15.9% year-on-year. The domestic sector accounted for 22.8 billion USD (up 18.7%), while the foreign-invested sector imported 40 billion USD (up 14.4%) worth of goods. Sixteen imported items exceeded 1 billion USD in value, comprising 76.2% of total imports, while two items surpassed the 5 billion USD mark, accounting for 44.5%.
Illustrative image (Photo: VNA)
In terms of import structure, production materials dominated with 58.83 billion USD, accounting for 93.7% of the total value. This included machinery, equipment, tools, and spare parts, which made up 50.8%, while raw materials, fuel, and supplies accounted for 42.9%. Consumer goods imports stood at 3.97 billion USD, representing 6.3%.
The US remained Vietnam’s largest export market, with turnover reaching 19.6 billion USD. Meanwhile, China continued to be the country’s biggest import source, with imports valued at 23.3 billion USD.
Vietnam achieved a trade surplus of 17 billion USD with the US, a 16.3% increase from the previous year, while its surplus with the EU expanded by 19.2% to 6.4 billion USD. Notably, the country’s trade surplus with Japan surged to 0.5 billion USD, nearly 10 times higher than the same period in 2024.
However, Vietnam continued to run trade deficits with several major partners, including China (15.4 billion USD, up 36.9%), the Republic of Korea (4.6 billion USD, up 20.6%), and ASEAN (2.1 billion USD, up 116.8%)./.
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