According to data released by the General Statistics Office (Ministry of Finance) on the morning of March 6, in the first two months of 2025, the total import and export turnover of goods reached 127.07 billion USD, with a trade surplus of 1.47 billion USD.
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| In the first two months of 2025, total export turnover reached 64.27 billion USD, up 8.4% over the same period last year. (Source: Stock Economy) |
Specifically, the export turnover of goods in February 2025 reached 31.11 billion USD, down 6.2% compared to the previous month. Of which, the domestic economic sector reached 8.39 billion USD, down 12%; the foreign-invested sector (including crude oil) reached 22.72 billion USD, down 3.8%.
Compared to the same period last year, the export turnover of goods in February 2025 increased by 25.7%; of which, the domestic economic sector increased by 32.8%, the foreign-invested sector (including crude oil) increased by 23.2%.
In the first two months of 2025, total export turnover of goods reached 64.27 billion USD, up 8.4% over the same period last year.
Of which, the domestic economic sector reached 17.92 billion USD, up 12.8%, accounting for 27.9% of total export turnover; the foreign-invested sector (including crude oil) reached 46.35 billion USD, up 6.7%, accounting for 72.1%.
In the first two months of 2025, there were 12 items with export turnover of over 1 billion USD, accounting for 77.7% of total export turnover (there were 4 items with export turnover of over 5 billion USD, accounting for 54.6%).
Regarding the structure of export goods in the first two months of 2025, the group of fuel and minerals reached 0.48 billion USD, accounting for 0.8%; the group of processed industrial goods reached 57.01 billion USD, accounting for 88.7%; the group of agricultural and forestry products reached 5.35 billion USD, accounting for 8.3%; the group of aquatic products reached 1.43 billion USD, accounting for 2.2%.
Regarding goods imports, in February 2025, the country's total import turnover reached 32.66 billion USD, up 8.4% over the previous month. Of which, the domestic economic sector reached 11.87 billion USD, up 8.7%; the foreign-invested sector reached 20.79 billion USD, up 8.1%.
Compared to the same period last year, import turnover of goods in February 2025 increased by 40%; of which the domestic economic sector increased by 49.6%; the foreign-invested sector increased by 35.1%.
In the first two months of 2025, the total import turnover of goods reached 62.8 billion USD, up 15.9% over the same period last year, of which the domestic economic sector reached 22.8 billion USD, up 18.7%; the foreign-invested sector reached 40 billion USD, up 14.4%.
In the first two months of this year, there were 16 imported items with a value of over 1 billion USD, accounting for 76.2% of total import turnover (there were 2 imported items with a value of over 5 billion USD, accounting for 44.5%).
Regarding the structure of imported goods in the first two months of 2025, the group of production materials reached 58.83 billion USD, accounting for 93.7%, of which the group of machinery, equipment, tools and spare parts accounted for 50.8%; the group of raw materials, fuels and materials accounted for 42.9%. The group of consumer goods reached 3.97 billion USD, accounting for 6.3%.
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| The US was Vietnam's largest export market in the first two months of 2025, with a turnover of 19.6 billion USD. (Source: Brand and Law) |
Regarding the import and export market of goods in the first two months of 2025, the US was Vietnam's largest export market with a turnover of 19.6 billion USD. China was Vietnam's largest import market with a turnover of 23.3 billion USD.
In the first two months of 2025, the trade surplus with the US reached 17 billion USD, up 16.3% over the same period last year; the trade surplus with the European Union (EU) was 6.4 billion USD, up 19.2%; the trade surplus with Japan was 0.5 billion USD, nearly 10 times higher than in the first two months of 2024; the trade deficit with China was 15.4 billion USD, up 36.9%; the trade deficit with South Korea was 4.6 billion USD, up 20.6%; the trade deficit with ASEAN was 2.1 billion USD, up 116.8%.
According to preliminary data, the trade balance of goods in February 2025 had a trade deficit of 1.55 billion USD. In the first two months of 2025, the trade balance of goods had a trade surplus of 1.47 billion USD (in the same period last year, the trade surplus was 5.13 billion USD).
Of which, the domestic economic sector had a trade deficit of 4.87 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 6.34 billion USD.
To achieve the target of over 12% growth in goods exports in 2025 and a trade surplus of 30 billion USD, Minister of Industry and Trade Nguyen Hong Dien has just issued Directive No. 06/CT-BCT on a number of solutions to develop markets, promote exports, and manage imports in 2025.
The Directive clearly states that in 2025, exports will have favorable opportunities to continue growing thanks to the recovery of the world economy, controlled inflation, and expanded export markets following the tariff reduction roadmap in Free Trade Agreements (FTAs).
However, there are still many difficulties and challenges such as: increasing protectionism in importing countries, fierce competition with goods from exporting countries and the possibility of a global trade war, which risks disrupting supply chains and narrowing export markets.
Therefore, the Ministry of Industry and Trade will focus on synchronously and effectively implementing solutions to mobilize competitive advantages and take advantage of export market opportunities by promoting and supporting businesses and industry associations to effectively exploit traditional markets with great potential; at the same time, proactively research, advise on negotiations and sign cooperation agreements with new markets; focus on exploiting and making the most of opportunities from key and strategic markets.
Along with that, the Department of Domestic Market Management and Development strengthens market inspection and control, combats violations of the law on counterfeit goods, goods infringing intellectual property rights, and smuggled goods; presides over and coordinates with relevant agencies and units to implement policies and solutions to develop the goods distribution system, and promote the implementation of tasks associated with the Campaign "Vietnamese people prioritize using Vietnamese goods".
Source: https://baoquocte.vn/2-thang-dau-nam-2025-viet-nam-xuat-sieu-gan-15-ty-usd-306554.html
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