Export turnover reached 33.09 billion USD
According to the General Statistics Office (Ministry of Planning and Investment), the export turnover of goods in January 2025 reached 33.09 billion USD, down 6.9% compared to the previous month. Of which, the domestic economic sector reached 9.49 billion USD, down 11.2%; the foreign-invested sector (including crude oil) reached 23.6 billion USD, down 5%.
Compared to the same period last year, the export turnover of goods in January 2025 decreased by 4.3%. Of which, the domestic economic sector decreased by 0.9%, accounting for 28.7% of total export turnover; the foreign-invested sector (including crude oil) decreased by 5.5%, accounting for 71.3%.
In January 2025, there were 7 items with export turnover of over 1 billion USD, accounting for 67.9% of total export turnover. Regarding the structure of export groups in January 2025, the preliminary group of fuel and mineral products reached 0.22 billion USD, accounting for 0.7%; the group of processed industrial products reached 29.43 billion USD, accounting for 89%; the group of agricultural and forestry products reached 2.65 billion USD, accounting for 8%; the group of aquatic products reached 0.77 billion USD, accounting for 2.3%.
Imports of goods reached 30.06 billion USD
Import turnover of goods in January 2025 reached 30.06 billion USD, down 14.1% compared to the previous month. Of which, the domestic economic sector reached 10.89 billion USD, down 22.2%; the foreign-invested sector reached 19.17 billion USD, down 8.7%.
Compared to the same period last year, the import turnover of goods in January 2025 decreased by 2.6%. Of which, the domestic economic sector decreased by 3.3%; the foreign-invested sector decreased by 2.2%.
In January 2025, there were 3 imported items with a value of over 1 billion USD, accounting for 49.3% of total import turnover.
Regarding the structure of imported goods in January 2025, the preliminary import value of production materials reached 28.26 billion USD, accounting for 94%. Of which, the group of machinery, equipment, tools and spare parts accounted for 52%; the group of raw materials, fuels and materials accounted for 42%. The group of consumer goods reached 1.8 billion USD, accounting for 6%.
Regarding the import and export market of goods in January 2025, the United States was Vietnam's largest export market with a turnover of 9.8 billion USD. China was Vietnam's largest import market with a turnover of 11.6 billion USD.
In January 2025, the trade surplus to the US reached 8.5 billion USD, down 3.5% over the same period last year; the trade surplus to the EU was 2.7 billion USD, down 17.9%; the trade surplus to Japan was 0.3 billion USD, up 16.4%.
Trade deficit with China was 5.8 billion USD, down 19.6%; trade deficit with South Korea was 1.9 billion USD, up 2.8%; trade deficit with ASEAN was 1.2 billion USD, up 241.3%.
According to preliminary data, the trade balance of goods in December 2024 had a trade surplus of 0.52 billion USD; the whole year of 2024 had a trade surplus of 24.77 billion USD. In January 2025, the trade balance of goods had a trade surplus of 3.03 billion USD (the same period last year had a trade surplus of 3.7 billion USD). Of which, the domestic economic sector had a trade deficit of 1.4 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 4.43 billion USD.
