Vietnam Balance of Trade

Vietnam’s trade surplus stood at USD 1.09 billion in November 2025, compared to USD 1.06 billion in the same month of 2024. Exports rose 15.1% year-on-year to USD 39.07 billion, while imports increased 16.0% to USD 37.98 billion. In the first eleven months of 2025, Vietnam recorded a cumulative trade surplus of USD 20.53 billion, with exports and imports climbing by 16.1% and 18.4%, respectively. During this period, shipments of processed industrial goods totaled USD 381.72 billion, accounting for 88.7% of total exports. The US remained Vietnam’s largest export market, with turnover reaching USD 138.6 billion. Meanwhile, production materials amounted to USD 383.96 billion, representing 93.7% of total imports, with China remaining the country’s top source of imports. In July, the US and Vietnam signed a trade agreement under which the US will impose a 20% tariff on imports from Vietnam. In 2024, shipments to the US accounted for approximately 30% of Vietnam’s GDP.