Vietnam ranked as Singapore's 9th largest trading partner during the first two months of 2025, with a two-way trade turnover reaching over SGD6.57 billion ($4.9 billion), a 27.15% increase year-on-year.

According to the Vietnam Trade Office in Singapore, Vietnam's exports to the Singaporean market in the two-month period reached over SGD1.54 billion ($1.15 billion), a 23.21% increase year-on-year.

In February, the total import-export turnover between Vietnam and Singapore reached over SGD3.18 billion (over $2.37 billion), up 40.41% compared to the same period in 2024.

In the month, exports from Vietnam to Singapore maintained a very high year-on-year growth rate (31.01%), with a value of SGD721.37 million. Meanwhile, import turnover also grew very strongly at 43.43% year-on-year, reaching nearly SGD2.46 billion.

Regarding the groups of goods exported from Vietnam to Singapore, in February 2025, all three main export groups  continued to increase very strongly.

Specifically, machinery, equipment, mobile phones, components, and spare parts increased by 65.25% year-on-year; reactors, boilers, machine tools, and accessories for the above types of machines by 68.83%; glass and glass products by 87.27%.

Some other export sectors also experienced very strong year-on-year growth, such as optical machinery, measuring instruments, medical equipment, watches, musical instruments, and accessories of all kinds increased by over 89.64%; alcohol and beverages by over 84.32%.

Vietnam mainly imports from Singapore machinery, equipment, mobile phones, components, and spare parts; gasoline, oil, and petroleum products; and reactors, boilers, machine tools, and equipment and accessories, among others.