The United States is Vietnam's largest export market

Thạch Lam |

In the first 10 months of 2025, the United States will be the largest export market, China will be Vietnam's largest import market.

In October, the total import and export turnover of goods reached 81.49 billion USD, down 1.2% over the previous month and up 17.2% over the same period last year. In the first 10 months of 2025, the total import and export turnover of goods reached 762.44 billion USD, up 17.4% over the same period last year, of which exports increased by 16.2%; imports increased by 18.6%. The trade balance of goods had a surplus of 19.56 billion USD.

7 items exported over 10 billion USD

Export turnover of goods in October reached 42.05 billion USD, down 1.5% compared to the previous month. Of which, the domestic economic sector reached 8.6 billion USD, down 0.7%; the foreign-invested sector (including crude oil) reached 33.45 billion USD, down 1.7%. Compared to the same period last year, the export turnover of goods in October increased by 17.5%, of which the domestic economic sector decreased by 17.4%, the foreign-invested sector (including crude oil) increased by 31.8%.

In the first 10 months of 2025, the export turnover of goods reached 391 billion USD, up 16.2% over the same period last year. Of which, the domestic economic sector reached 94.17 billion USD, equal to the previous month, accounting for 24.1% of total export turnover; the foreign-invested sector (including crude oil) reached 296.83 billion USD, up 22.5%, accounting for 75.9%.

In the first 10 months of 2025, there were 36 items with export turnover of over 1 billion USD, accounting for 94.1% of total export turnover (there were 7 items with export turnover of over 10 billion USD, accounting for 67.9%).

Regarding the structure of export goods in the first 10 months of 2025, the group of processed industrial goods reached 346.73 billion USD, accounting for 88.7%; the group of agricultural and forestry products reached 32.62 billion USD, accounting for 8.3%; the group of seafood goods reached 9.33 billion USD, accounting for 2.4%; the group of fuel and mineral goods reached 2.32 billion USD, accounting for 0.6%.

47 imported items worth over 1 billion USD

Import-export turnover of goods in October reached 39.45 billion USD, down 1% compared to the previous month. Of which, the domestic economic sector reached 11.38 billion USD, up 4.2%; the foreign-invested sector reached 28.07 billion USD, down 2.9%. Compared to the same period last year, the import turnover of goods in October increased by 16.8%, of which the domestic economic sector decreased by 11%; the foreign-invested sector increased by 33.8%.

In the first 10 months of 2025, the import turnover of goods reached 371.44 billion USD, up 18.6% over the same period last year, of which the domestic economic sector reached 117 billion USD, up 2.8%; the foreign-invested sector reached 254.44 billion USD, up 27.6%.

In the first 10 months of 2025, there were 47 imported items with a value of over 1 billion USD, accounting for 93.9% of total import turnover (there were 4 imported items over 10 billion USD, accounting for 52.7%).

Regarding the structure of imported goods in the first 10 months of 2025, the group of manufactured materials reached 348.23 billion USD, accounting for 93.8%, of which the group of machinery, equipment and spare parts accounted for 52.6%; the group of raw materials, raw materials and materials accounted for 41.2%. The group of consumer goods reached 23.21 billion USD, accounting for 6.2%.

Regarding the import and export market of goods in the first 10 months of 2025, the United States is Vietnam's largest export market with a turnover of 126.2 billion USD. China is Vietnam's largest import market with a turnover of 150.9 billion USD.

In the first 10 months of 2025, the trade surplus to the US reached 111 billion USD, up 28.2% over the same period last year; the trade surplus to the EU was 32.2 billion USD, up 11.2%; the trade surplus to Japan was 1.6 billion USD, down 29.8%; the trade surplus from China was 93.9 billion USD, up 38.6%; the trade surplus from Korea was 25.6 billion USD, up 1.6%; the trade surplus from ASEAN was 11.6 billion USD, up 55.9%.

In the first 10 months of 2025, the trade balance of goods had a trade surplus of 19.56 billion USD (the same period last year had a trade surplus of 23.18 billion USD). Of which, the domestic economic sector imported a surplus of 22.83 billion USD; the foreign-invested sector (including crude oil) exported a surplus of 42.39 billion USD.

Thạch Lam
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