Vietnam's Trade Surges in Q1 2025 with Record $202.52B Turnover
Vietnam's import-export sector has seen remarkable growth in the first quarter of 2025. The country's total trade turnover reached $202.52 billion, up 13.7% year-on-year, with exports and imports both showing significant increases.
Vietnam's export value reached $119.62 billion by mid-April, a 16.3% increase year-on-year. Key sectors like computers, electronic products, and components experienced notable growth. This growth is attributed to Vietnam's strategic location, competitive labor force, and progressive trade policies, which have solidified its position in the global market.
In the first quarter, exports accounted for $102.84 billion, up 10.6%, while imports rose by 17% to $99.68 billion. The domestic sector contributed $29.02 billion to exports, up 15%, and the foreign-invested sector contributed $73.82 billion, up 9%. Despite these changes, Vietnam's top 10 import partners remained largely unchanged, with China, South Korea, Japan, the US, and Hong Kong leading the list.
Vietnam's trade performance in 2025 has been exceptional, with total trade turnover reaching a record high. The country's pursuit of trade agreements has opened up new markets, boosting export volumes and solidifying its status as a key player in the global import-export market.
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