Vietnam's Export-Import Sector Maintains Vigorous Pace, Aiming to Surpass 500 Billion USD Mark

Strategic Insights -

Vietnam's export-import sector has continued its strong momentum into the first half of July, driven by demand for electronics, apparel, and machinery. The country's trade turnover exceeded 38.17 billion USD, with exports reaching 19 billion USD and imports at 19.17 billion USD, according to the Ministry of Finance's Department of Customs. This has resulted in a 7.75 billion USD trade surplus from January 1 to July 15, with a total trade volume of 470.65 billion USD, comprising 239.2 billion USD in exports and 231.45 billion USD in imports.

Key Takeaways:

  • Vietnam's export-import sector posted a trade value of 38.17 billion USD in the first half of July, with exports reaching 19 billion USD and imports at 19.17 billion USD.
  • The country's total trade volume reached 470.65 billion USD from January 1 to July 15, with a 7.75 billion USD trade surplus.
  • Vietnam's top currency earners in early July included computers, electronics, and components, with 3.88 billion USD, followed by phones and components at 2.52 billion USD.
  • Machinery, equipment, and spare parts, apparel, and footwear also contributed significantly to the export tally.
  • Imports in early July were led by computers, electronics, and components at 6.55 billion USD, followed by machinery, equipment, and spare parts at 2.7 billion USD.
  • Vietnam's manufacturing sector is thriving, with factories in overdrive to meet massive export orders, driven by global demand.
  • The Ministry of Industry and Trade attributed the robust trade rebound to proactive policies that bolster domestic production, promote trade, and expand export markets.
  • Exporters are racing to hit their year-end targets before the end of 2025, but face uncertain global market conditions with slowing growth, spiking tensions, and climate chaos.

Statistics:

  • Vietnam's trade turnover exceeded 38.17 billion USD in the first half of July.
  • Exports reached 19 billion USD and imports at 19.17 billion USD.
  • Total trade volume reached 470.65 billion USD from January 1 to July 15.
  • Trade surplus: 7.75 billion USD.
  • Top currency earners in early July:

+ Computers, electronics, and components: 3.88 billion USD

+ Phones and components: 2.52 billion USD

+ Machinery, equipment, and spare parts: 2.3 billion USD

+ Apparel: 1.82 billion USD

+ Footwear: 1 billion USD

  • Imports in early July:

+ Computers, electronics, and components: 6.55 billion USD

+ Machinery, equipment, and spare parts: 2.7 billion USD

Sources:

  • Ministry of Finance's Department of Customs
  • Ministry of Industry and Trade (MoIT)
  • Global AAA Consulting
  • Indiana University
  • Le Phung Hao, Chairman of Global AAA Consulting
  • Prof. Tran Ng?c Anh from Indiana University