Total import-export turnover in the first 7 months of the year reached nearly 515 billion USD

Figures from the General Statistics Office (GSO) show that total import and export turnover of goods in July reached 82.27 billion USD, up 8% compared to June and up 16.8% over the same period in 2024.

In the first 7 months, the total import and export turnover of goods reached 514.7 billion USD, up 16.3% over the same period last year. Of which, exports increased by 14.8% and imports increased by 17.9%. The trade balance of goods had a surplus of 10.18 billion USD.

Specifically, export turnover in July reached 42.27 billion USD, up 16% over the same period in 2024. Of which, the domestic economic sector decreased by 10.3%, the foreign-invested sector (including crude oil) increased by 25.9%.

In the first 7 months, the total export turnover of goods reached 262.44 billion USD, up 14.8% over the same period last year. Of which, the domestic economic sector reached 67.48 billion USD, up 6.7%, accounting for 25.7% of the total export turnover. The foreign-invested sector (including crude oil) reached 194.96 billion USD, up 17.9%, accounting for 74.3%.

Total import-export turnover in the first 7 months of the year reached nearly 515 billion USD - 1

Export turnover of goods reached 262.44 billion USD in the first 7 months of 2025 (Photo: IT).

The General Statistics Office said that since the beginning of the year, 28 products have achieved an export turnover of over 1 billion USD, accounting for 91.7% of the total export turnover. Specifically, the processed industrial products group reached 232.37 billion USD, accounting for 88.6%. The agricultural and forestry products group reached 22.4 billion USD, accounting for 8.5%. The aquatic products group reached 6.08 billion USD, accounting for 2.3%. The fuel and mineral products group reached 1.59 billion USD, accounting for 0.6%.

Regarding goods imports, import turnover in July reached 40 billion USD, up 17.8% over the same period in 2024. Of which, the domestic economic sector decreased by 5.0%; the foreign-invested sector increased by 30%.

In the first 7 months of 2025, the total import turnover of goods reached 252.26 billion USD, up 17.9% over the same period last year. The domestic economic sector reached 84.07 billion USD, up 8.0%. The foreign-invested sector reached 168.19 billion USD, up 23.6%.

Data shows that there are 36 imported goods worth over 1 billion USD, accounting for 90.5% of total import turnover. Of which, the group of production materials reached 236.57 billion USD, accounting for 93.8%. Specifically, the group of machinery, equipment, tools and spare parts accounted for 51.7%. The group of raw materials, fuels and materials accounted for 42.1%. The group of consumer goods reached 15.69 billion USD, accounting for 6.2%.

In terms of import and export markets, the US is Vietnam's largest export market with a turnover of 85.1 billion USD. China is Vietnam's largest import market with a turnover of 101.5 billion USD.

In the first seven months of the year, the trade surplus with the US reached 74.6 billion USD, up 28.6% over the same period last year. The trade surplus with the EU was 22.3 billion USD, up 9.9%. The trade surplus with Japan was 1.3 billion USD, up 21%.

Trade deficit with China was 66.5 billion USD, up 41.1%. Trade deficit with South Korea was 17.4 billion USD, down 0.2%. Trade deficit with ASEAN was 8.5 billion USD, up 63%.

In the first 7 months, the trade balance of goods had a trade surplus of 10.18 billion USD, compared to 14.63 billion USD in the same period last year. Of which, the domestic economic sector had a trade deficit of 16.6 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 26.78 billion USD.

Source: https://dantri.com.vn/kinh-doanh/tong-kim-ngach-xuat-nhap-khau-7-thang-dau-nam-can-moc-gan-515-ty-usd-20250807083642096.htm