According to the Ministry of Industry and Trade , exports of processed industrial products continued to record high growth, up 14.5% over the same period last year and continued to be the growth driver of the country's exports.
Although global trade has been affected by many unpredictable impacts, trade conflicts, and increasing protectionism, Vietnam's import and export activities have continued to record high growth rates in the past 5 months, especially the country's trade balance of goods has maintained a high trade surplus, reaching nearly 5 billion USD.
According to statistics from the Ministry of Industry and Trade, the export turnover of goods in May 2025 reached 39.6 billion USD, up 5.7% over the previous month. In the first 5 months, the export turnover of goods reached 180.23 billion USD, up 14.0% over the same period last year.
In the first 5 months of 2025, the whole country had 25 items with export turnover of over 1 billion USD, accounting for 90.0% of total export turnover (there were 7 items with export turnover of over 5 billion USD, accounting for 67.3%).
Regarding the structure of export goods in the first 5 months of 2025, impressive growth momentum continued in both agricultural, aquatic and processed industrial products, estimated at double digits compared to the same period last year, of which the export turnover of agricultural and aquatic products reached nearly 17.7 billion USD, up 15.8% over the same period last year.
Notably, many items in this group recorded positive growth despite a decrease in export volume but still achieved high turnover thanks to a sharp increase in export prices, such as: coffee (export volume decreased by 0.6% but export turnover is estimated to increase by 62.3%); pepper (export volume decreased by 22.5% but export turnover increased by 40.5%); rubber (decreased by 4% in volume and increased by 21.7% in turnover); cashew nuts (decreased by 5% in volume but increased by 19.4% in turnover).
The highlight is that the export of processed industrial products continued to record a high growth rate, reaching nearly 153 billion USD, up 14.5% over the same period last year and continuing to be the growth driver of the country's exports.
Some key export items such as textiles, footwear, computers, electronic products and components; machinery, equipment, tools, and other spare parts... all achieved high double-digit growth rates, of which, exports of computers, electronic products and components reached 38.4 billion USD, up 39.7%; machinery, equipment, tools, and other spare parts were estimated at 22 billion USD, up 16.4%; wood and wood products were estimated at 6.8 billion USD, up 8.6%...
A representative of Vietnam Steel Corporation (VNSteel) said that in the past 5 months, VNSteel's finished steel consumption reached over 1.76 million tons, an increase of 23.7% over the same period in 2024.
According to a report by the Vietnam Textile and Apparel Association (Vitas), while the Vietnamese textile and garment industry continues to face many challenges such as global purchasing power not yet recovering strongly, geopolitical tensions in some regions... many businesses still maintain a stable production rhythm, gradually improve processes, aim for sustainable production and expand niche markets to seek growth opportunities. It is estimated that in the first 5 months of 2025, the textile and garment industry will export over 17.58 billion USD, an increase of 9% over the same period in 2024, and import 10.63 billion USD.
The report of the Ministry of Industry and Trade shows that in the past 5 months, our country's export turnover to most of the key export markets has increased, of which the US is still the largest export market, with a turnover of 57.2 billion USD. The EU is the second largest export market with a turnover of 23 billion USD, up 12% over the same period last year; China is the third largest export market with an estimated turnover of 23.5 billion USD, up 3.2%; Exports to the Korean market reached 11.37 billion USD, up 10.6%; Exports to the Japanese market reached 10.56 billion USD, up 10.7% over the same period last year.
Diversify markets, reduce risks
A report from the Ministry of Industry and Trade shows that in the past five months, the country spent about 175.56 billion USD to import goods, an increase of 17.5% over the same period last year.
Notably, accounting for 89% of the total import turnover in the first 5 months of 2025 were the groups of goods that needed to be imported (including machinery, equipment, tools, spare parts and raw materials for domestic production), with a turnover of nearly 156.5 billion USD, an increase of 17.8% over the same period in 2024, showing that the demand for imports to serve domestic production and export is increasing.
Particularly, the import turnover of computers, electronic products and components reached 56 billion USD, up 38.3% over the same period last year; machinery, equipment, tools and spare parts were estimated at 22.89 billion USD, up 22.7%. Similarly, the import turnover of most other items also continued to record an increase to meet the demand for domestic production recovery and export such as: raw plastic materials increased by 12.3%; textile and footwear materials increased by 3.8%; fabrics of all kinds increased by 4.6%.
Thus, after 5 months, the whole country had a trade surplus of 4.67 billion USD (in the same period last year, the trade surplus was 8.71 billion USD), of which the domestic economic sector had a trade deficit of 12.42 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 17.09 billion USD.
Faced with the continuous fluctuations of the global market, in order to achieve high growth in the coming time, the representative of the Ministry of Industry and Trade said that along with prioritizing the task of chairing and coordinating negotiations with the United States on a trade agreement towards sustainable trade relations, handling the issue of reciprocal taxes and other issues raised by the United States, this agency also focuses on solutions to diversify markets, taking advantage of opportunities from Free Trade Agreements (FTAs) to boost exports.
At the same time, the Ministry of Industry and Trade continues to focus on market information work to promptly inform industry associations about developments in the export market so that businesses can promptly adjust their production plans accordingly and orient their search for orders from the markets.
The Ministry also requires units to regularly update information on foreign market situations; regulations, standards, and conditions of foreign markets that may affect Vietnam's import and export activities and make recommendations to localities, associations, and import-export enterprises.
Mr. Do Ngoc Hung, Commercial Counselor, Head of the Vietnam Trade Office in the United States, recommended that businesses need to improve their domestic competitiveness. On the other hand, the business community also needs to increase resilience and diversify supply chains, reducing dependence on raw materials and intermediate goods concentrated in one market.
“Enterprises need to diversify export markets through FTAs, especially new-generation FTAs. Along with that, stimulate domestic demand through measures to promote domestic consumption, at the same time, propose specific solutions; make efforts to speed up the process of signing new FTAs to exploit other markets with great potential, such as Canada, a typical example,” said Mr. Do Ngoc Hung./.
Source: https://baolangson.vn/nhom-cong-nghiep-che-bien-dan-dat-tang-truong-xuat-khau-thu-ve-hon-180-ty-usd-5050341.html
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