January trade turnover tops US$63 billion despite decline
VOV.VN - Vietnam’s total trade turnover reached US$63.25 billion in January 2025, with a trade surplus of US$3.13 billion, despite a decline in both exports and imports.
According to the General Department of Customs, the country’s trade value dropped 10.3% from December 2024. Exports totaled US$33.19 billion, down 6.6%, while imports fell 14.1% to US$30.06 billion. Compared to January last year, total trade value dropped by 3.3%, with exports decreasing by 4% (US$1.37 billion) and imports falling by 2.6% (US$794 million).
The foreign-invested sector recorded a trade value of US$42.64 billion, marking a 6.8% drop from the previous month and a 4.1% decline year-on-year. Exports from this sector stood at US$23.47 billion, down 5.6%, while imports hit US$19.17 billion, down 2.2%. Meanwhile, the domestic sector saw a trade value of US$20.61 billion, reflecting a 16.9% monthly drop and a 1.7% decline from a year earlier. Exports from this sector edged up 0.2% to US$9.72 billion, while imports fell 3.3% to US$10.89 billion.
Six export markets exceeded US$1 billion, including the United States, the EU (27 countries), China, ASEAN, the Republic of Korea (RoK(, and Japan, with a combined total of US$26.01 billion, accounting for nearly 80% of Vietnamese exports. On the import side, seven markets surpassed US$1 billion, namely China, the RoK, ASEAN, Taiwan (China), Japan, the United States, and the EU (27 countries), with a total value of US$25.72 billion, representing 86% of the country’s imports.
In January, seven product categories posted export values above US$1 billion, including computers, electronics & components; phones & accessories; machinery & equipment; garments textiles; footwear; wood & wood products; and vehicles & spare parts. These accounted for a combined US$22.45 billion, or 72% of total exports. Notably, textile and garment exports grossed US$3.19 billion, down 5.4% from December but up 1.8% year-on-year.
Vietnam - US trade turnover hits over US$122 billion in 11 months
VOV.VN - Two-way trade turnover between Vietnam and the US reached US$122.4 billion during the 11-month period, exceeding last year’s figure of US$111 billion, according to information released by the General Statistics Office (GSO).
