According to data from the General Department of Vietnam Customs, Vietnam’s export turnover in the first half of 2025 reached an impressive USD 219.86 billion, an increase of 14.5% compared to the same period in 2024. In June alone, exports reached USD 39.52 billion, a slight decrease of 0.2% from May but still reflecting a strong upward trend. The export structure shows significant expansion in both product groups and markets, indicating a robust recovery and sustained growth in the external sector.
Sector-wise Analysis
1. Manufacturing and Processing – The Main Growth Engine
This group remains the key pillar of Vietnam’s exports, accounting for over 80% of total export value.
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Computers, electronics, and components reached USD 47.7 billion (+40%), becoming the top export product. Major markets include the U.S., China, South Korea, and the Netherlands.
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Machinery and equipment reached USD 26.9 billion (+15.4%), growing strongly in markets such as the U.S., Germany, and South Korea.
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Phones and accessories reached USD 26.9 billion, slightly down 0.9%, mainly due to a slowdown in demand from the U.S. and Europe.
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Textiles and garments recorded USD 18.67 billion (+12.3%), recovering well in the U.S., Japan, and EU markets.
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Footwear exports totaled USD 11.89 billion (+10.1%), with consistent growth in the U.S., Belgium, and Germany.
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Toys and sporting goods witnessed a surprising boom, increasing 103.4% to USD 3.3 billion, thanks to rising demand from the U.S. and Asia.
2. Agricultural and Seafood Exports: Recovering and Breaking Through
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Coffee exports surged to USD 5.4 billion, up 66.2%, becoming a standout in agricultural exports.
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Cashew nuts reached USD 2.35 billion, up 19.8%, recovering well in the U.S. and EU.
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Seafood earned USD 5.11 billion, up 15.9%, especially strong in the U.S., EU, and South Korea.
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Rubber reached USD 1.29 billion, up 16.2%, with both volume and prices increasing.
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In contrast, rice exports dropped 15.4% to USD 2.44 billion, mainly due to falling prices and intense competition from India and Thailand.
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Pepper rose 33.9% in value, although quantity slightly declined.
3. Raw Materials, Mining & Energy: Sluggish Performance
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Crude oil fell sharply by 37.5%, reaching only USD 653 million.
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Petroleum products dropped 54.8%, reflecting weaker global demand and volatile prices.
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Steel and iron fell 22.5%, affected by falling global steel prices and trade barriers in Europe.
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However, some commodities showed mild recovery, such as clinker & cement (+4.4%) and coal (+5.6%).
Country-wise Export Analysis
Key Markets Showing Strong Growth
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🇺🇸 The United States remains Vietnam’s largest export market with USD 70.91 billion, up USD 15.6 billion year-over-year. Major exports include electronics, textiles, wood products, and agricultural goods.
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🇨🇳 China: Exports reached USD 29.1 billion, rising USD 11.2 billion, led by computers, electronic components, rubber, and seafood.
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🇰🇷 South Korea: Up by USD 10.3 billion, reaching USD 13.7 billion, with strong exports in machinery, electronics, and textiles.
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🇯🇵 Japan: Reached USD 11.2 billion, up USD 9.1 billion, remaining a stable market for machinery, consumer goods, and foodstuffs.
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🇮🇳 India: Made a significant comeback, reaching USD 5 billion, up 5.9%, driven by electronics, steel, and agro-exports.
EU and Emerging Markets Also Expanded
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🇳🇱 Netherlands: Recorded USD 6.25 billion, up USD 6.1 billion, acting as a logistics hub for Vietnamese goods into the EU.
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🇦🇪 UAE: Saw an increase of nearly USD 1 billion, especially in phone and coffee exports.
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Other promising markets include 🇧🇷 Brazil, 🇦🇺 Australia, 🇵🇱 Poland, and 🇲🇽 Mexico, reflecting the effectiveness of Vietnam’s market diversification strategy.
Markets with Declining or Flat Exports
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Some markets showed a slight decline, including:
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Middle East: 🇮🇷 Iran, 🇮🇶 Iraq, 🇮🇱 Israel
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Europe: 🇫🇮 Finland, 🇳🇴 Norway
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Latin America: 🇨🇴 Colombia, 🇵🇪 Peru
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These drops are mainly due to political instability, currency constraints, or weakening consumer demand.
Summary:
The first half of 2025 marks a strong and stable recovery for Vietnam’s export sector, with 14.5% growth in total turnover. Electronics, machinery, textiles, and agricultural products are driving this upward trend, while the export structure shows diversification and resilience.
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