Vietnam’s Trade Surplus Reaches $1.47 Billion in the First Two Months of 2025

1. Steady Growth in Import-Export Activities

According to the latest report from the General Statistics Office of Vietnam, the country's total trade turnover in February 2025 reached $63.77 billion, marking an increase of 0.7% compared to January and 32.6% year-over-year (YoY).

For the first two months of the year, Vietnam's total trade value amounted to $127.07 billion, reflecting a 12.0% YoY increase, including:

• Exports rose by 8.4% to $64.27 billion.
• Imports increased by 15.9% to $62.8 billion.
• A trade surplus of $1.47 billion, significantly lower than the $5.13 billion surplus recorded in the same period of 2024.

Despite a trade deficit of $1.55 billion in February, Vietnam still maintained an overall trade surplus in early 2025, indicating strong trade growth and increasing demand for imported materials.

2. Export Trends – Strong Domestic Sector Growth

Vietnam's export revenue in February rose 25.7% YoY, with notable contributions from:

• The domestic sector, growing by 32.8%, contributing $17.92 billion and accounting for 27.9% of total exports.
• The foreign direct investment (FDI) sector, increasing by 23.2%, generating $46.35 billion, or 72.1% of total exports.

By category, the largest export contributors were:

• Manufacturing and processing industries, accounting for $57.01 billion (88.7%).
• Agricultural and forestry products, reaching $5.35 billion (8.3%).
• Seafood exports, totaling $1.43 billion (2.2%).
• Fuel and mineral exports, at $0.48 billion (0.8%).

The continued growth in exports, particularly in manufacturing and agriculture, signals a stable economic trajectory and rising global demand for Vietnamese goods.

3. Surge in Imports – Signs of Expanding Production

Vietnam’s import value in February 2025 reached $32.66 billion, representing an 8.4% increase compared to January and an impressive 40% YoY growth.

• Domestic sector imports totaled $11.87 billion, up 8.7%.
• FDI sector imports reached $20.79 billion, increasing 8.1%.

For the first two months of 2025, total imports stood at $62.8 billion, up 15.9% YoY, with:

• Production materials accounting for 93.7% of total imports, including:

  - Machinery, equipment, and spare parts making up 50.8%.

  - Raw materials and fuels comprising 42.9%.

• Consumer goods imports reaching $3.97 billion, representing 6.3% of total imports.

The sharp rise in imports, particularly in industrial machinery and raw materials, suggests that Vietnamese businesses are scaling up production to meet both domestic and export demands.

4. Key Trade Partners – U.S. and China Lead

• The United States remained Vietnam’s largest export market, with $19.6 billion in export revenue.
• China continued to be the top import source, accounting for $23.3 billion in imports.

The strong trade relationships with major economies like the U.S. and China reinforce Vietnam’s role as a crucial link in the global supply chain.

5. Impact on Logistics and Supply Chains

The growth in trade volume during early 2025 presents significant opportunities and challenges for the logistics and freight forwarding industry:

• Increased demand for maritime transport, particularly along major trade routes such as Vietnam–U.S. and Vietnam–China.
• Potential fluctuations in freight rates, as shipping capacity and logistics infrastructure adjust to rising trade volumes.
• Stronger supply chain integration, with higher demand for transportation and warehousing services to manage growing import and export activities.
• Need for logistics optimization, as businesses aim to streamline operations and enhance efficiency in international trade.

6. Conclusion

Vietnam’s $1.47 billion trade surplus in the first two months of 2025 highlights the country’s strong export growth while also reflecting rising import demand for production materials. This trend underscores the expansion of Vietnam’s industrial and logistics sectors, positioning the country as an increasingly important player in global trade.

Real Logistics will continue to monitor market developments, providing insights into logistics trends and offering solutions to support businesses in import-export operations and supply chain management.

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