Exports to the U.S. in the first 10 months rose to a historic high, surpassing full-year 2024, driven by textiles and electronics.
They rose by 28% year-on-year to US$126 billion, accounting for more than 30% of all exports, according to Vietnam Customs.
Computers, electronic products and components rose by nearly 78% to more than $34 billion, supported by demand for AI servers, tech devices and components for semiconductor production.
Machinery and equipment shipments rose 9.2% to $19.6 billion, while those of phones and components edged up to $9 billion after being flat for two years.
A surge in exports of toys and sporting goods is also reshaping Vietnam’s export structure. After many U.S. companies shifted orders away from China, this category rose by more than 255% to $5.24 billion.
Agricultural and aquatic exports also saw a huge jump. Shipments of fruits and vegetable rose by 58.5%, coffee by 60% and rubber products by 51%.
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A large shrimp in Vietnam. Photo by VnExpress/An Cang |
Aquatic products, after a long period of steep decline, rebounded with 7.5% growth as U.S. inventories plunged and demand for premium seafood rebounded.
Textile and garment shipments recovered strongly with a 11.4% increase to $14.8 billion.
Some seafood companies in An Giang said shipments with clear origins and good quality still entered the U.S. market “fairly easily.”
Many firms are also expanding into the halal segment and exploring markets with consumption patterns similar to the U.S.
Analysts said the export performance reflects a major shift in global supply chains. As U.S. companies reduce reliance on China due to high tariffs, Vietnam’s position in a variety of products is strengthening, they explained.
