Domestic enterprises maintain export growth
In February 2025, the total import-export value of goods nationwide reached 63.77 billion USD, up 0.8% over the previous month, equivalent to an increase of 519 million USD. Of which, exports were 31.11 billion USD, down 6.3%, equivalent to a decrease of 2.08 billion USD and imports were 32.66 billion USD, up 8.6%, equivalent to an increase of 2.6 billion USD.
Accumulated in the first 2 months of 2025, the total import-export value of the whole country reached 127.07 billion USD, up 12%, equivalent to an increase of 13.57 billion USD over the same period last year. Of which, the export value in the first two months of 2025 reached 64.27 billion USD, up 8.4%, equivalent to an increase of 4.95 billion USD over the same period last year; Imports in the first two months of 2025 were 62.8 billion USD, up 15.9%, equivalent to an increase of 8.61 billion USD over the same period last year.
Vietnam's trade balance of goods in February 2025 had a deficit of 1.55 billion USD. In the first 2 months of 2025, the trade surplus of goods was 1.47 billion USD, 71%, lower than the surplus of 5.13 billion USD in the same period last year.
The import-export turnover of FDI enterprises in the first 2 months of 2025 reached 86.1 billion USD, up 10.3% (equivalent to an increase of 8.03 billion USD) over the same period last year. Of which, the export value reached 46.09 billion USD, up 7% equivalent to an increase of 3 billion USD and the import value was 40 billion USD, up 14.4%, equivalent to an increase of 5.03 billion USD compared to the first 2 months of 2024.
Meanwhile, import and export of domestic enterprises increased by 15.6% over the same period, with a value of 40.97 billion USD (equivalent to an increase of 5.54 billion USD). The exports of this business sector reached 18.18 billion USD, up 12% corresponding to an increase of 1.95 billion USD and imports of 22.79 billion USD, up 18.7%, equivalent to an increase of 3.59 billion USD over the same period last year.
Vietnam's commodity export activities in the first 2 months of 2025 recorded positive signals in many key product groups, although there are still areas under pressure to decrease.
Exports of many key groups of goods improve
Leading the group is computers, electronic products and components with an export value of 12.54 billion USD, accounting for nearly 20% of the total export turnover of the country. Compared to the same period last year, this group of goods increased sharply by 25.3%, equivalent to an increase of 2.53 billion USD. The United States is the largest export market with $4.33 billion, up 33.7%. Next were China at 2.12 billion USD (up 28.7%), the EU at 1.56 billion USD (up 43.7%), South Korea and Hong Kong at 20.4% and 2.8%, respectively.
In contrast, the group of phones of all kinds and components has decreased somewhat. The export value of this group of goods in the first 2 months of the year reached 9.21 billion USD, down 3.1% over the same period last year. Of which, exports to the US fell sharply by 15.4%, China fell by 0.8%, although exports to the EU increased by 7.6%.
The group of machinery, equipment, tools and spare parts reached a turnover of 7.69 billion USD, up 10.3%. Notably, exports to the US reached 3.3 billion USD, up 22.6%; to the EU reached 1.06 billion USD, up 5.1%; and exports to Hong Kong were 2.4 times higher than the same period.
Textile and garment products continued to maintain stable growth momentum, reaching 5.63 billion USD in the first 2 months of the year, up 9.3%. The US market contributed the most with 2.46 billion USD, up 12.5%; the markets of Japan, EU and Korea also recorded positive growth.
Shoes of all kinds recorded an export value of 3.47 billion USD, up 10.3%. Exports to key markets such as the US, EU, and Japan all increased, while the Chinese market decreased by 9.2%.
In the group of transport vehicles and spare parts, export turnover reached 2.47 billion USD, up 7.6%, with outstanding increases in the markets of Japan, ASEAN and South Korea.
Wood and wood products recorded a growth rate of 9.4%, reaching 2.45 billion USD. The United States continues to be the largest export market, accounting for more than 50% of the total turnover of this group of goods.
Seafood also showed signs of recovery when it reached 1.43 billion USD, up sharply by 19%. China leads with an increase of 75.9%, followed by Japan, the US and the EU.
However, the group of iron and steel of all kinds has decreased significantly in both quantity and value. Export turnover reached 1.14 billion USD, down 26.4%. Exports to major markets such as the EU and the US have both declined sharply.
With positive results from some key product groups, Vietnam's export activities in the first months of 2025 continue to be a bright spot, contributing significantly to economic growth.
