According to the National Statistics Office’s latest socio-economic report, Vietnam’s six largest trading partners-  the the United States, China, the European Union, the Republic of Korea, Japan, and ASEAN- together accounted for the bulk of the country’s trade. Exports to these markets totaled US$240 billion, representing 78.7% of Vietnam’s total export turnover.

The United States remained Vietnam’s top export destination, with turnover rising 26.4% year-on-year to US$99.1 billion. Exports to China increased 9.2% to US$42 billion, while shipments to the EU grew 8.1% to US$37 billion. Among regional partners, ASEAN ranked as the fourth-largest export market, with exports up 2.9% on-year to US$25.6 billion. Exports to the Republic of Korea and Japan also surged, rising 11.8% and 9% to US$18.9 billion and US$17.5 billion, respectively.

On the import side, Vietnam spent US$231 billion sourcing goods from these six key markets, accounting for 79.5% of total imports. China remained the leading supplier, with import turnover up 27.1% year-on-year to US$117.9 billion.

Imports from the Republic of Korea increased 5.8% to US$39 billion, while Japan followed with US$16 billion, up 11%. ASEAN ranked third among Vietnam’s import sources, with imports rising 15% to US$35 billion. Imports from the United States and the EU also climbed, by 23.4% and 4.1% to US$12.1 billion and US$11.4 billion, respectively.

7-month Vietnam–ASEAN trade hits four year high at US$52.9 billion

VOV.VN - Total import–export turnover between Vietnam and ASEAN reached US$52.91 billion in the first seven months of this year, up 10.3% year on year and the highest level for the 2022–2025 period, according to Vietnam Customs.