According to data released by the General Statistics Office under the Ministry of Finance, in December 2025, Vietnam’s total merchandise export-import turnover reached USD 88.72 billion, up 15.1% compared with the previous month and 25.7% year-on-year. For the whole year of 2025, total merchandise trade amounted to USD 930.05 billion, up 18.2% from the previous year, of which exports increased by 17.0% and imports rose by 19.4%. As a result, the merchandise trade balance posted a surplus of USD 20.03 billion.

Regarding merchandise exports, export turnover in December 2025 reached USD 44.03 billion, up 12.6% compared with the previous month. For the whole year of 2025, merchandise exports were estimated at USD 475.04 billion, increasing 17.0% year-on-year.

In 2025, there were 36 export items with turnover exceeding USD 1 billion, accounting for 94.0% of total export value, including eight items with export turnover of over USD 10 billion, accounting for 70.2%.

In terms of export structure in 2025, processed industrial products reached USD 421.47 billion, accounting for 88.7%; agricultural and forestry products reached USD 39.46 billion, accounting for 8.3%; seafood reached USD 11.29 billion, accounting for 2.4%; fuels and minerals reached USD 2.83 billion, accounting for 0.6%.

Regarding merchandise imports, import turnover in December 2025 reached USD 44.69 billion, up 17.6% compared with the previous month. For the whole year of 2025, merchandise imports were estimated at USD 455.01 billion, increasing 19.4% year-on-year.

In 2025, there were 47 imported items with turnover exceeding USD 1 billion, accounting for 93.8% of total import value, including nine items with import turnover of over USD 10 billion, accounting for 64.8%.

Regarding import structure in 2025, production inputs reached USD 426.11 billion, accounting for 93.6%, of which machinery, equipment, tools and spare parts accounted for 52.7%, and raw materials and fuels accounted for 40.9%. Consumer goods imports reached USD 28.9 billion, accounting for 6.4%.

In 2025, the US was Vietnam’s largest export market, with export turnover reaching USD 153.2 billion. China was Vietnam’s largest import market, with import turnover reaching USD 186.0 billion. In 2025, Vietnam recorded a trade surplus of USD 133.9 billion with the US, up 28.2% year-on-year; a trade surplus of USD 38.6 billion with the EU, up 10.1%; and a trade surplus of USD 2.1 billion with Japan, down 30.1%. Meanwhile, Vietnam posted a trade deficit of USD 115.6 billion with China, up 39.6%; a trade deficit of USD 31.6 billion with the Republic of Korea, up 4.3%; and a trade deficit of USD 14.2 billion with ASEAN, up 42.4%.

According to preliminary data, Vietnam recorded a merchandise trade surplus of USD 1.13 billion in November 2025 and a surplus of USD 20.69 billion in the first 11 months of 2025; in December 2025, the merchandise trade balance posted a deficit of USD 0.66 billion.

Overall, in 2025, Vietnam’s merchandise trade balance recorded a surplus of USD 20.03 billion, compared with a surplus of USD 24.94 billion in the same period last year.