Vietnam's foreign trade up 12% YoY in Jan-Feb 2025 to $127.07 bn

In February alone, its trade with the rest of the world reached $63.77 billion—up by 0.7 per cent month on month (MoM) and by 32.6 per cent YoY.

In January and February, exports grew by 8.4 per cent in value to $64.27 billion. Of that, the domestic economic sector contributed $17.92 billion—an increase of 12.8 per cent YoY, while the foreign-invested sector (including crude oil) accounted for $46.35 billion—up by 6.7 per cent YoY.

Meanwhile, imports were worth $62.8 billion in the two months—up by 15.9 per cent YoY. Of that, import turnover of the foreign-invested sector rose by 14.4 per cent YoY to $40 billion, domestic media outlets reported.

The United States remained the country’s largest export market with $19.6 billion worth of exports in the two months, while China was the largest supplier of goods, with $23.3 billion worth of imports from there.

The country witnessed a trade surplus of $1.47 billion in the first two months this year.

It enjoyed trade surpluses of $17 billion with the United States—up by 16.3 per cent YoY; $6.4 billion with the European Union—up by 19.2 per cent YoY; and $0.5 billion with Japan.

Trade deficits of $15.4 billion, $4.6 billion and $2.1 billion were recorded with China (up by 36.9 per cent YoY), South Korea (up by 20.6 per cent YoY) and the Association of Southeast Asian Nations (up by 116.8 per cent YoY) respectively.

ALCHEMPro News Desk (DS)