The country's export earnings grew by 14.4%, while its import turnover rose by 17.9%, resulting in a trade surplus of US$7.63 billion, the National Statistics Office (NSO) under the Ministry of Finance reported on Saturday.

Lach Huyen Terminal in Hai Phong City in January 2025.

In June alone, the export turnover surged by 16.3% year-on-year. The domestic economic sector saw a decrease of 5.7%, while the foreign-invested sector, including crude oil, surged by 24.4%.

The export value in the January – June period stood at $219.83 billion, up 14.4% year-on-year. The domestic sector contributed $58.28 billion (up 9.4%), accounting for 26.5% of the total export turnover, while the foreign-invested sector, including crude oil, accounted for $161.55 billion (up 16.4%), making up 73.5% of total exports.

During this period, 28 export items surpassed the $1 billion mark, making up 91.7% of total export value. Nine of these items exceeded $5 billion, accounting for 72.3%.

By sector, processed industrial goods remained the dominant export category, generating $194.28 billion (88.4% of the total). Agricultural and forestry products contributed $19.12 billion (8.7%), seafood reached $5.11 billion (2.3%), and fuel and mineral products totaled $1.34 billion (0.6%).

On the import side, Vietnam spent $212.2 billion on imports in the last six months, an increase of 17.9% year-on-year.

Thirty-three imported items exceeded $1 billion in value, comprising 89.0% of total imports, while six others surpassed the $5 billion mark, accounting for 56.8%.

The U.S. remained the largest importer of Vietnamese goods in the first half, with turnover reaching $70.91 billion. Meanwhile, China continued to be the country’s biggest import source, with imports valued at $84.7 billion.

Vietnam achieved a trade surplus of $62 billion with the U.S., a 29.1% increase from the previous year, while its surplus with the E.U. expanded by 11.6% to $19 billion. Notably, the country’s trade surplus with Japan hit $1.2 billion, surging by 69.1% compared to the same period in 2024.

However, Vietnam continued to run trade deficits with several major partners in the reviewed period, including China ($55.6 billion, up 42.2%), the Republic of Korea ($14.6 billion, up 0.1%), and ASEAN ($7.5 billion, up 67.4%).

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