The country's export earnings grew by 10.6%, while its import turnover rose by 17%, resulting in a trade surplus of US$3.16 billion in the period.

In March alone, the total trade revenue reached US$75.39 billion, up 18.2% compared to the previous month, and 16.6% year-on-year.

The export value in the month stood at US$38.51 billion, up 23.8% month-on-month. The domestic economic sector posted an impressive growth rate of 32.1% to US$11.08 billion, while the foreign-invested sector, including crude oil, increased by 20.7% to US$27.43 billion.

For the first quarter, Vietnam's export turnover reached US$102.84 billion, a 10.6% year-on-year rise. The domestic sector contributed US$29.02 billion (up 15%), accounting for 28.2% of total exports, while the foreign-invested sector, including crude oil, earned US$73.82 billion (up 9%), making up 71.8% of total exports.

During this period, 18 export items surpassed the US$1 billion mark, accounting for 84.5% of total export value. Five of these items exceeded US$5 billion, or 59.9%.

On the import side, Vietnam spent US$99.68 billion on imports in the Jan – March period, up 17% year-on-year. The domestic sector imported US$36.78 billion worth of goods (up 19.3%), while the foreign-invested sector’s import value stood at US$62.9 billion (up 15.8%).

Seventeen imported items exceeded US$1 billion in value, comprising 77.2% of total imports, with two of those surpassed the US$5 billion mark, accounting for 44.4%.

The US remained Vietnam’s largest export market, with turnover reaching US$31.4 billion. Meanwhile, China continued to be the country’s biggest import source, with imports valued at US$38.1 billion.

In the first quarter, Vietnam ran a trade surplus of US$27.3 billion with the US, a 22.1% increase year-on-year, while its surplus with the EU expanded by 15.7% to US$9.9 billion. Notably, the country’s trade surplus with Japan surged to US$0.6 billion, over 5 times higher than the same period in 2024.

The first quarter ended with impressive growth figures in the import-export sector. However, with potential challenges ahead, the Government, ministries, and the business community need to have proactive and flexible approach and take timely solutions to maintain this growth momentum in the coming period, said insiders.

Vietnam racks up trade surplus of US$3 billion in January

VOV.VN - Vietnam has maintained its trade surplus momentum as seen in previous months, with exports outpacing imports by US$3.03 billion in January 2025, reported the General Statistics Office (GSO) on February 6.