According to data released by the Statistics Office of Vietnam (under the Ministry of Finance) on July 5, the total value of Vietnam’s imports and exports in June 2025 reached $76.15 billion, down 3.2 per cent from the previous month but up 18.1 per cent compared to the same period last year.

In the first half of 2025, the country’s total foreign trade turnover reached $432.03 billion, marking a 16.1 per cent increase year on year, with exports up 14.4 per cent and imports up 17.9 per cent.

In more detail, exports in June 2025 totaled $39.49 billion, a slight decrease of 0.3 per cent compared to May. Of this, the domestic economic sector contributed $8.64 billion (up 0.4 per cent), while the foreign-invested sector (including crude oil) contributed $30.85 billion (down 0.4 per cent).

Compared to June last year, overall exports rose 16.3 per cent, with exports from the domestic sector falling 5.7 per cent, while exports from the foreign-invested sector increased 24.4 per cent.

In the second quarter of 2025, export turnover reached $116.93 billion, up 18.0 per cent year on year and 13.6 per cent from the first quarter. Cumulatively for the first six months of the year, exports reached $219.83 billion, up 14.4 per cent compared to the same period in 2024.

The domestic sector contributed $58.28 billion (up 9.4 per cent), accounting for 26.5 per cent of total exports, while the foreign-invested sector (including crude oil) reached $161.55 billion (up 16.4 per cent), representing 73.5 per cent.

During this period, 28 export items each recorded a turnover exceeding $1 billion, accounting for 91.7 per cent of total export value, of which nine items  each exceeded $5 billion, making up 72.3 per cent.

On the import side, June 2025 saw a total import value of $36.66 billion, down 6.1 per cent from the previous month. The domestic sector imported $10.79 billion (down 0.7 per cent), while the foreign-invested sector imported $25.87 billion (down 8.2 per cent).

Compared to June last year, total imports rose 20.2 per cent, with the domestic sector declining 2.0 per cent and the foreign-invested sector rising sharply by 32.7 per cent.

In the second quarter, imports reached $112.52 billion, a year-on-year increase of 18.8 per cent and a 12.9 per cent rise over the first quarter. In the first half of the year, imports totaled $212.2 billion, up 17.9 per cent compared to the same period last year. The domestic sector imported $72.82 billion (up 10.4 per cent) and the foreign-invested sector imported $139.38 billion (up 22.3 per cent).

There were 33 imported goods categories each with a turnover exceeding $1 billion in the first six months, accounting for 89.0 per cent of total import value. Of these, six exceeded $5 billion each, representing 56.8 per cent.

Regarding trade partners, the US remained Vietnam’s largest export market in the first six months of 2025, with a turnover of $70.91 billion. Meanwhile, China was the largest source of imports, with a total value of $84.7 billion.

Vietnam recorded a trade surplus of $62.0 billion with the US (up 29.1 per cent year on year), $19.0 billion with the EU (up 11.6 per cent), and $1.2 billion with Japan (up 69.1 per cent). On the other hand, the country posted trade deficits of $55.6 billion with China (up 42.2 per cent), $14.6 billion with South Korea (up 0.1 per cent), and $7.5 billion with ASEAN countries (up 67.4 per cent).

Overall, Vietnam recorded a trade surplus of $7.63 billion in the first half of 2025, down from $12.15 billion during the same period last year. The domestic sector posted a trade deficit of $14.54 billion, while the foreign-invested sector (including crude oil) recorded a surplus of $22.17 billion.

In terms of services, the second quarter of 2025 saw export turnover reach an estimated $7.15 billion, up 19.7 per cent year-on-year but down 6.3 per cent from the previous quarter. Meanwhile, service imports were estimated at $10.28 billion, an increase of 19.6 per cent compared to the same period last year and up 11.6 per cent from the first quarter.

Overall, in the first half of 2025, Vietnam’s service export revenue was estimated at $14.79 billion, marking a 21.2 per cent increase compared to the same period last year. Meanwhile, service imports during the same period were estimated at $19.5 billion, an increase of 18.8 per cent year-on-year.