Exports of many commodity groups flourished in the first two months of the year

Vietnam's goods export activities in the first two months of the year improved in many key product groups, although there were still areas under downward pressure.

Export value of 10 largest commodity groups in the first 2 months of 2025. Source: Customs Department

Domestic enterprises maintain export growth

In February 2025, the total value of import and export of goods nationwide reached 63.77 billion USD, up 0.8% over the previous month, equivalent to an increase of 519 million USD. Of which, exports were 31.11 billion USD, down 6.3%, equivalent to a decrease of 2.08 billion USD, and imports were 32.66 billion USD, up 8.6%, equivalent to an increase of 2.6 billion USD.

Accumulated in 2 months/2025, the total import-export value of the whole country reached 127.07 billion USD, up 12%, equivalent to an increase of 13.57 billion USD compared to the same period last year. Of which, the export value in 2 months/2025 reached 64.27 billion USD, up 8.4%, equivalent to an increase of 4.95 billion USD compared to the same period last year; import in 2 months/2025 was 62.8 billion USD, up 15.9%, equivalent to an increase of 8.61 billion USD compared to the same period last year.

Vietnam's trade balance of goods in February 2025 had a deficit of 1.55 billion USD. In the two months of 2025, the trade surplus of goods was 1.47 billion USD, 71% lower than the surplus of 5.13 billion USD in the same period last year.

The import-export value of FDI enterprises in the first 2 months of 2025 reached 86.1 billion USD, up 10.3% (equivalent to an increase of 8.03 billion USD) over the same period last year. Of which, the export value reached 46.09 billion USD, up 7%, equivalent to an increase of 3 billion USD, and the import value was 40 billion USD, up 14.4%, equivalent to an increase of 5.03 billion USD compared to the first 2 months of 2024.

Meanwhile, the import and export of domestic enterprises increased by 15.6% over the same period, with a value of 40.97 billion USD (equivalent to an increase of 5.54 billion USD). The export of this enterprise sector reached 18.18 billion USD, an increase of 12%, equivalent to an increase of 1.95 billion USD, and the import was 22.79 billion USD, an increase of 18.7%, equivalent to an increase of 3.59 billion USD over the same period last year.

Vietnam's goods export activities in the first two months of 2025 recorded positive signals in many key commodity groups, although there were still areas under downward pressure.

Exports of many key commodity groups are flourishing

Leading the group is computers, electronic products and components with value export reached 12.54 billion USD, accounting for nearly 20% of the country's total export turnover. Compared to the same period last year, this group of goods increased sharply by 25.3%, equivalent to an increase of 2.53 billion USD. The United States was the largest export market with 4.33 billion USD, an increase of 33.7%. Next was China with 2.12 billion USD (up 28.7%), the EU with 1.56 billion USD (up 43.7%), South Korea and Hong Kong with increases of 20.4% and 2.8% respectively.

In contrast, the group of phones and components decreased somewhat. The export value of this group in the first two months of the year reached 9.21 billion USD, down 3.1% compared to the same period last year. Of which, exports to the US decreased sharply by 15.4%, to China by 0.8%, although exports to the EU increased by 7.6%.

The group of machinery, equipment, tools and spare parts reached a turnover of 7.69 billion USD, up 10.3%. Notably, exports to the US reached 3.3 billion USD, up 22.6%; to the EU reached 1.06 billion USD, up 5.1%; and exports to Hong Kong were 2.4 times higher than the same period.

Textiles and garments continued to maintain a steady growth momentum, reaching 5.63 billion USD in the first two months of the year, up 9.3%. The US market contributed the most with 2.46 billion USD, up 12.5%; the Japanese, EU and Korean markets also recorded positive growth.

Footwear of all kinds recorded an export value of 3.47 billion USD, up 10.3%. Exports to key markets such as the US, EU, and Japan all increased, while the Chinese market decreased by 9.2%.

In the group of means of transport and spare parts, export turnover reached 2.47 billion USD, up 7.6%, with notable increases in the markets of Japan, ASEAN and Korea.

Wood and wood products recorded a growth of 9.4%, reaching 2.45 billion USD. The United States continued to be the largest export market, accounting for more than 50% of the total turnover of this group of products.

Seafood products also showed signs of recovery, reaching 1.43 billion USD, up sharply by 19%. China led the way with a 75.9% increase, followed by Japan, the United States and the EU.

However, the iron and steel group decreased sharply in both volume and value. Export turnover reached 1.14 billion USD, down 26.4%. Exports to major markets such as the EU and the United States also decreased sharply.

With positive results from a number of key commodity groups, Vietnam's export activities in the first months of 2025 continue to be a bright spot, contributing significantly to economic growth.

Source