These figures show the positive and clear impact of the Vietnam – EU Free Trade Agreement (EVFTA) on bilateral trade activities. EVFTA has contributed to promoting the growth of import and export turnover, expanding the market for Vietnamese goods. Bilateral trade turnover between Vietnam continues to have significant improvements, making the EU become Vietnam’s leading trade partner and Vietnam is also the EU’s largest partner in ASEAN.
Exports of goods to most major markets increased.
Vietnam - EU Trade Magazine cited statistics from the Customs Department showing that in the third quarter of 2025, two-way trade turnover between Vietnam and the EU reached 18.88 billion USD, up 3.8% over the previous quarter, and up 5.2% over the same period in 2024. In the first 9 months of 2025, the total two-way trade turnover between Vietnam and the EU reached 54.6 billion USD, up 8.4% over the same period last year, accounting for 8% of the country's total turnover. In the first 9 months of 2025, Vietnam had a trade surplus with the EU of 28.86 billion USD.
Regarding exports, Vietnam's merchandise exports to the EU will reach 14.37 billion USD, up 5.4% compared to the second quarter of 2025 and up 7.3% compared to the third quarter of 2024. In the first 9 months of 2025, Vietnam's merchandise exports to the EU will reach 41.7 billion USD, up 9.5% over the same period in 2024. Currently, the EU is Vietnam's third largest merchandise export market after the United States and China, accounting for 12% of the country's total merchandise exports in the first 9 months of 2025.
Regarding the market, the structure of Vietnam's commodity export market in the EU bloc in the first 9 months of 2025 fluctuated when the proportion of exports to the Netherlands, Spain, Belgium, Slovakia, Ireland... decreased, while the proportion of exports to Germany, France, Poland, Austria... increased.
Specifically, in the third quarter of 2025, Vietnam's export turnover to the Netherlands, Spain, France, Poland, Austria, Slovakia, Czech Republic... increased compared to the previous quarter, while exports to Germany, Italy, Belgium, Ireland... showed signs of decline. In the first 9 months of 2025, Vietnam's export turnover to most major markets increased, while exports to Belgium, Ireland, Denmark, Slovenia, Finland... decreased. In particular, the Netherlands is Vietnam's largest export market in the EU, reaching 3.5 billion USD in the third quarter of 2025, an increase of 11% compared to the previous quarter and an increase of 6.8% compared to the third quarter of 2024. In the first 9 months of 2025, Vietnam's export turnover of goods to the Netherlands market reached 9.79 billion USD, an increase of 3.58% over the same period in 2024, accounting for 23.5% of the total export turnover of goods to the EU market, down from 24.8% in the same period last year.
In the coming time, Vietnam's goods exports to the Dutch market are likely to continue to improve as the country's consumer spending tends to increase. According to Statistics Netherlands (CBS), the country's retail sales in August 2025 increased by 3.6% compared to August 2024 and sales volume increased by 1.4%. Sales in the non-food sector (including non-store retail) increased by 3.4%, and sales in the food sector (stores selling food, beverages and tobacco) increased by 3.9%. In addition, online retail sales also increased by 6.4% compared to the same period last year. Specifically by type of goods, Dutch consumers' spending on durable goods increased by 1.9% compared to August 2024; Spending on food, beverages and tobacco increased by 0.3% compared to August 2024, and spending on other items (energy, motor fuel and personal care products) decreased by 1.0% compared to the same period last year. Notably, in the third quarter of 2025, Vietnam's goods export turnover to the Austrian market increased sharply, reaching 716 million USD, up 54.2% compared to the previous quarter and up 41.3% compared to the third quarter of 2024.
In the first 9 months of 2025, Vietnam's goods exports to the Austrian market increased by 28.7% over the same period last year, reaching 1.98 billion USD. The improvement in Austria's economy is one of the factors supporting Vietnam's goods exports to this market. According to preliminary estimates from the Austrian Statistical Office, the country's economy grew by 0.1% quarter-on-quarter in the third quarter of 2025, after decreasing by 0.1% in the second quarter of 2025. Of which, household consumption continued to grow by 0.1% in the third quarter of 2025, after increasing by 0.3% in the second quarter of 2025. Compared to the same period in 2024, GDP in the third quarter of 2025 increased by 0.6% compared to the adjusted 0.5% in the second quarter, marking the fastest economic growth since the first quarter of 2023. After two years of recession, the Austrian economy is expected to recover slightly by 0.3% in 2025, thanks to increased private consumption and stable investment, according to Eurostat. Growth is expected to pick up in 2026 and 2027, forecast at 0.3% in 2025, 0.9% in 2026 and 1.2% in 2027. After spiking to 3.5% in 2025, inflation is expected to decline in the coming years.
Electronic products exports still dominate
In terms of goods, in the third quarter of 2025, the export turnover of many Vietnamese goods to the EU market increased compared to the previous quarter and the same period last year. In the third quarter of 2025, the export of technology products grew positively. Accordingly, computers, electronic products and components were the items with the highest export turnover to the EU, reaching 2.7 billion USD, up 44.2% compared to the previous quarter, and up 13.1% compared to the third quarter of 2024. In the first 9 months of 2025, Vietnam's export turnover of computers, electronic products and components to the EU reached 6.77 billion USD, up 13.3% over the same period in 2024. Exports of all kinds of phones and components to the EU market in the third quarter of 2025 increased by 47.8% over the previous quarter and by 17.5% over the same period in 2024. In the first 9 months of 2025, Vietnam's export turnover of this product group to the EU market reached 5.4 billion USD, up 7.4% over the same period last year.
Regarding consumer industrial goods, Vietnam's footwear and textile exports to the EU in the third quarter of 2025 increased slowly. Accordingly, in the third quarter of 2025, Vietnam's footwear exports to the EU reached 1.37 billion USD, down 18% compared to the previous quarter, but up 3.4% compared to the third quarter of 2024. In the first 9 months of 2025, the export turnover of footwear to the EU reached 4.38 billion USD, up 9.3% over the same period in 2024. However, the competitiveness of Vietnam's footwear products in the EU market continues to improve. According to Eurostat statistics, in the first 8 months of 2025, EU footwear imports from Vietnam reached 4.69 billion EUR, up 16.8% over the same period in 2024, accounting for 29% of the EU's total imports from non-bloc markets, up from 26.7% in the same period last year. Meanwhile, Vietnam's textile and garment exports to the EU in the third quarter of 2025 reached 1.27 billion USD, down 3.4% over the previous quarter, but up 8.9% over the third quarter of 2024. In the first 9 months of 2025, Vietnam's textile and garment exports to the EU reached 3.49 billion USD, up 13.5% over the same period in 2024.
Regarding agricultural products, the export turnover of most items in the third quarter of 2025 grew positively compared to the same period in 2024. Accordingly, coffee exports reached 550 million USD in the third quarter of 2025, an increase of 35.7% compared to the third quarter of 2024; cashew nut exports reached 317.7 million USD, an increase of 29.5% compared to the third quarter of 2024; Notably, Vietnam's fruit and vegetable exports to the EU market in the third quarter of 2025 continued to maintain a positive growth rate, reaching 99.5 million USD, an increase of 99.1% over the same period in 2024. In the first 9 months of 2025, Vietnam's fruit and vegetable export turnover to the EU market reached 269 million USD, an increase of 51.7% over the same period last year. Eurostat statistics show that Vietnamese fruit and vegetables are gradually establishing a foothold in the EU market as the growth rate of EU imports from Vietnam is always higher than the general growth rate from markets outside the bloc.
Despite the high growth rate, Vietnam's fruit and vegetable products still account for a low proportion of the EU's total imports from non-EU markets. With the advantages of the EVFTA, the recovery of consumer demand, and improved product quality, the prospect of exporting Vietnam's fruit and vegetable products to the EU market in the coming time is still positive. However, businesses need to pay attention to maintaining stable product quality and complying with strict EU regulations.
In general, in the third quarter of 2025, Vietnam's export turnover to the EU market will grow more slowly, reflecting the economic difficulties of the region. However, the EU economy is showing signs of more stability, which will be a factor supporting Vietnam's export activities in the coming time. Accordingly, in the last months of 2025, consumption in the EU is expected to benefit from a solid labor market, along with a reduced savings rate. Moreover, previous interest rate cuts will continue to boost consumption and support investment. In the latest forecast of the ECB, the Eurozone economy will grow by 1.2% in 2025, up from 0.9% in the forecast report of Eurosystem experts in June 2025, thanks to better-than-expected economic data in recent times and results from previous adjustments. A stable economy will be a factor promoting consumer spending and imports of goods in the region.
In the third quarter of 2025, Vietnam's import turnover of goods from the EU market reached 4.5 billion USD, down 1% compared to the second quarter of 2025 and down 1.1% compared to the same period in 2024.
In the first 9 months of 2025, Vietnam's import turnover of goods from the EU market reached 12.86 billion USD, an increase of 4.9% over the same period in 2024. Vietnam's import turnover of goods from the EU market in the third quarter of 2025 decreased compared to the previous quarter when businesses reduced imports of goods from many markets such as France, Italy, Spain, the Netherlands, Sweden, Austria, Denmark..., while imports from Germany, Ireland, Belgium, Poland, the Czech Republic... increased. Compared to the same period in 2024, Vietnam's import turnover of goods in the third quarter of 2025 from Germany, France, Spain, Belgium, Poland... increased, while imports from Ireland, Italy, the Netherlands, Sweden... decreased. In general, in the first 9 months of 2025, Vietnam's import turnover of goods from most major markets in the EU increased compared to the same period in 2024, while imports from Ireland, Finland, Portugal, Romania, Slovenia, etc. decreased. The market structure supplying goods to Vietnam from EU member countries in the first 9 months of 2025 did not fluctuate much compared to the same period in 2024, except for the import proportion from Ireland, which decreased from 22.6% to 20%, the proportion of other major markets did not fluctuate much.
In terms of goods, in the first 9 months of 2025, the import turnover of Vietnam's key products from the EU increased compared to the same period in 2024, except for the decrease in imports of computers, electronic products and components, chemical products, chemicals, plastic raw materials, and fabrics of all kinds. In particular, the import turnover of machinery and equipment in the first 9 months of 2025 increased by 10.7% compared to the same period in 2024. In addition, businesses are also promoting the import of consumer goods from the EU market such as: import turnover of milk and dairy products in the first 9 months of 2025 increased by 54.3% compared to the same period in 2024; other food preparations increased by 7.6%; aquatic products increased by 76.7%... Meanwhile, the import turnover of raw materials for production decreased such as: raw materials for textiles, garments, leather, and footwear decreased by 0.6%; raw plastic materials decreased.
Source: https://moit.gov.vn/tin-tuc/thi-truong-nuoc-ngoai/evfta-tiep-tuc-phat-huy-hieu-qua-viet-nam-xuat-sieu-28-86-ty-usd-sang-eu-trong-9-thang-2025.html
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