The country’s export earnings grew by 14.4%, while its import turnover rose by 17.9%, resulting in a trade surplus of US$7.63 billion, the National Statistics Office (NSO) under the Ministry of Finance reported on Saturday.
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Lach Huyen Terminal in Hai Phong City in January 2025. Photo by VnExpress/Le Tan |
In June alone, the export turnover surged by 16.3% year-on-year. The domestic economic sector saw a decrease of 5.7%, while the foreign-invested sector, including crude oil, surged by 24.4%.
The export value in the January – June period stood at $219.83 billion, up 14.4% year-on-year. The domestic sector contributed $58.28 billion (up 9.4%), accounting for 26.5% of the total export turnover, while the foreign-invested sector, including crude oil, accounted for $161.55 billion (up 16.4%), making up 73.5% of total exports.
During this period, 28 export items surpassed the $1 billion mark, making up 91.7% of total export value. Nine of these items exceeded $5 billion, accounting for 72.3%.
By sector, processed industrial goods remained the dominant export category, generating $194.28 billion (88.4% of the total). Agricultural and forestry products contributed $19.12 billion (8.7%), seafood reached $5.11 billion (2.3%), and fuel and mineral products totaled $1.34 billion (0.6%).
On the import side, Vietnam spent $212.2 billion on imports in the last six months, an increase of 17.9% year-on-year.
Thirty-three imported items exceeded $1 billion in value, comprising 89.0% of total imports, while six others surpassed the $5 billion mark, accounting for 56.8%.
The U.S. remained the largest importer of Vietnamese goods in the first half, with turnover reaching $70.91 billion. Meanwhile, China continued to be the country’s biggest import source, with imports valued at $84.7 billion.
Vietnam achieved a trade surplus of $62 billion with the U.S., a 29.1% increase from the previous year, while its surplus with the E.U. expanded by 11.6% to $19 billion. Notably, the country’s trade surplus with Japan hit $1.2 billion, surging by 69.1% compared to the same period in 2024.
However, Vietnam continued to run trade deficits with several major partners in the reviewed period, including China ($55.6 billion, up 42.2%), the Republic of Korea ($14.6 billion, up 0.1%), and ASEAN ($7.5 billion, up 67.4%).
