The total import-export turnover in July between Vietnam and Singapore reached S$3.6 billion (nearly $2.8 billion), an increase of 14.6% compared to the same period in 2024, according to statistics from Singapore’s Accounting and Corporate Regulatory Authority.

Of this, Singapore’s exports to Vietnam amounted to S$2.4 billion (virtually unchanged), while its imports from Vietnam reached S$1.2 billion, up 58.1% year-on-year.

Over the first seven months of 2025, Vietnam continued to hold its position as Singapore’s 10th largest trading partner, with total bilateral trade reaching S$23.1 billion (over $17.9 billion), a 26.1% increase year-on-year. Singapore’s exports to Vietnam totaled S$16.3 billion (nearly $12.65 billion), up 20.2%, while imports from Vietnam reached S$6.7 billion (nearly $5.2 billion), up 43%.

In trade with Vietnam during the first seven months of 2025, Singapore recorded a trade surplus of S$9.6 billion (nearly $7.45 billion), an increase of 8.2% compared to the same period in 2024.

Of Singapore’s exports, domestically manufactured goods shipped to Vietnam were valued at nearly S$4.6 billion (nearly $3.57 billion), up 14.4%, while goods temporarily imported for re-export (transshipment) to Vietnam reached S$11.7 billion (more than $9 billion), up 22.7%.

Considering only goods originating from Singapore and Vietnam, Vietnam recorded a trade surplus of S$2.12 billion (over $1.7 billion) with Singapore in the first seven months of 2025.

In terms of export structure, during the first seven months of 2025, the two leading export categories from Singapore to Vietnam remained: machinery, electrical equipment and components; and fuels, petroleum products and distillates, bituminous substances, and mineral waxes. The combined export value of these two categories reached S$9.5 billion (nearly $7.37 billion), accounting for 68.3% of Singapore’s total exports to Vietnam during this period.