HCMC – Vietnam gained a trade surplus of US$1.47 billion in the first two months of this year, according to the General Statistics Office.
The total import-export value amounted to US$127.07 billion in the period, up by 12% year-on-year.
Exports amounted to US$64.27 billion, up by 8.4% year-on-year, while imports surged by 15.9% to US$62.8 billion.
Twelve export product categories surpassed US$1 billion in revenue each, accounting for 77.7% of total exports. These included electronics, computers, and components; phones and accessories; machinery, equipment, tools, and spare parts; as well as textiles and garments.
On the import side, 16 product groups exceeded US$1 billion in value, representing 76.2% of total imports.
The U.S. remained Vietnam’s largest export market, with total revenue of US$19.6 billion, while China was the top supplier, accounting for US$23.3 billion in import value.
Vietnam’s trade surplus with the U.S. stood at US$17 billion, up by 16.3% year-on-year. The trade surplus with the EU rose by 19.2% to US$6.4 billion, while the surplus with Japan reached US$500 million, nearly 10 times higher than in early 2024.
Conversely, Vietnam recorded trade deficits with several key partners. The trade gap with China widened to US$15.4 billion, an increase of 36.9%, while the deficit with South Korea rose by 20.6% to US$4.6 billion. The trade deficit with ASEAN surged by 116.8% to US$2.1 billion.
