Bilateral trade between Vietnam and Singapore recorded a notable upswing in the first half of 2025. According to statistics from Singapore’s Accounting and Corporate Regulatory Authority (ACRA), Vietnam remained Singapore’s 10th largest trading partner, with two-way trade reaching S$19.5 billion, up 28.5% compared to the same period in 2024. Of this, Singapore exported S$13.9 billion worth of goods to Vietnam (up 24.4%) and imported S$5.5 billion (up 40.1%).

In June 2025 alone, bilateral trade totaled S$3.2 billion, a 30.4% year-on-year increase. Singapore’s exports to Vietnam reached S$2.2 billion (up 22.8%), while imports from Vietnam totaled S$993.6 million (up 51.9%).

Regarding exports, Singapore shipped nearly S$3.9 billion worth of domestically manufactured goods to Vietnam in the first six months of 2025 (up 13.4%), along with S$10.1 billion worth of re-exported goods (up 29.2%). The trade surplus in Singapore’s favor stood at S$8.4 billion, a 15.9% increase year-on-year.

HS 85 (electrical machinery and equipment, and parts) and HS 27 (mineral fuels, petroleum products, bituminous substances, and mineral waxes) remained the top two export categories from Singapore to Vietnam, with a combined value of S$9.5 billion, accounting for 68.3% of Singapore’s total exports to Vietnam. HS 85 alone reached S$7.2 billion (up 30.1%), with 97.4% consisting of re-exports from third countries. In contrast, HS 27 totaled S$2.3 billion (up 24.7%), with 98.9% comprising domestically produced goods in Singapore.

Other notable export groups in the top 15 included HS 84 (nuclear reactors, boilers, mechanical machinery and parts), which reached S$1.1 billion (up 65.1%); HS 39 (plastics and plastic products), at S$535.4 million (up 6.0%); and HS 33 (essential oils, perfumes, cosmetics, and personal care products), which decreased by 10.7% to S$296.5 million.

On the import side, HS 85 also topped the list of goods Singapore imported from Vietnam, totaling S$2.7 billion in the first half of 2025 (up 80.7%) and accounting for 49.8% of Singapore’s total imports from Vietnam. The second- and third-largest import categories were HS 84, at S$1.2 billion (up 80.9%), and HS 70 (glass and glassware), at S$430.5 million (up 16.8%).

Among the top 15 import categories, most saw year-on-year declines, with only three groups recording positive growth. Notably, HS 90 (optical, photographic, cinematographic, measuring, medical or surgical instruments and apparatus, and parts/accessories) reached S$59.5 million, marking a 69.6% increase.

According to Cao Xuan Thang, Vietnam’s Trade Counselor in Singapore, maintaining Vietnam’s position as one of Singapore’s key trade partners has reinforced the deepening economic ties between the two countries. This provides a solid foundation for the business communities to seize new cooperation opportunities in shared priority areas such as integrated production–supply chains, the halal market, and green–digital projects.

Singapore trade event to strengthen foothold of Vietnamese fruit, vegetables

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Da Nang partners with Singapore firm to develop international finance hub

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