Import and export exceed 276 billion USD after 4 months

Exports maintain growth momentum

According to the report on the socio-economic situation in April and the first 4 months of 2025 announced by the General Statistics Office - Ministry of Finance on the morning of May 6, in April, the total turnover import export Vietnam's goods reached 74.32 billion USD, down slightly by 1.4% compared to the previous month, but up sharply by 21.3% over the same period last year.

In the first four months of the year, total turnover reached 276.89 billion USD, up 15.7% over the same period in 2024. This result reflects the positive and sustainable recovery of international trade activities, in the context of many major markets showing signs of growth again.

Merchandise exports continued to be a bright spot in the trade picture. In April alone, export turnover reached US$37.45 billion, down 2.8% compared to March, mainly due to a 6% decrease in the foreign direct investment (FDI) sector.

However, the domestic economic sector achieved an impressive growth rate of 5.2%, reaching 11.66 billion USD. Compared to the same period last year, total export turnover increased by 19.8%, of which the domestic economic sector increased by a remarkable 25.7%, while the FDI sector increased by 17.2%.

Import and export of goods in the first 4 months of 2025 (Source: Chart of the General Statistics Office, Ministry of Finance)

In the first four months of the year, total export turnover reached 140.34 billion USD, up 13%. The domestic economic sector contributed 40.74 billion USD, up 18.1% and accounted for 29% of the total turnover. Meanwhile, the FDI sector reached 99.6 billion USD, up 11%, accounting for 71%.

Notably, 22 products achieved export turnover of over 1 billion USD, of which 7 products exceeded 5 billion USD, reflecting that the export structure is increasingly focused on key products with high value content.

In terms of structure, the processed industrial goods group continued to dominate with a turnover of 123.71 billion USD (accounting for 88.2%), followed by the agricultural and forestry products group with 12.39 billion USD (8.8%), aquatic products reaching 3.21 billion USD (2.3%), and the fuel and mineral group reaching 1.03 billion USD (0.7%). This shows that Vietnam is maintaining its export orientation based on deep processing industry, while still ensuring the position of agricultural and aquatic products in the global value chain.

The trade balance continues to have a reasonable surplus.

Import turnover of goods in April 2025 reached 36.87 billion USD, almost the same as in March (36.88 billion USD). The domestic economic sector increased slightly by 3.6%, reaching 14.48 billion USD, while the FDI sector decreased by 2.2%, to 22.39 billion USD. Compared to the same period in 2024, imports in April increased sharply by 22.9%, with the domestic sector increasing by 26% and the FDI sector increasing by 21%.

In the first four months of the year, total import turnover reached 136.55 billion USD, up 18.6% over the same period last year. Of which, the domestic economic sector imported 51.26 billion USD (up 21.1%), the FDI sector imported 85.29 billion USD (up 17.1%). There were 25 items with an import value of over 1 billion USD, of which 2 items exceeded the 5 billion USD mark, showing a clear recovery of domestic production and consumption demand.

Regarding the structure of imported goods, the group of production materials continued to dominate with a total import turnover of 128.17 billion USD, accounting for 93.9% of total imports. Of which, the group of machinery, equipment, tools and spare parts accounted for 50.6%; the group of raw materials, fuels and materials accounted for 43.3%. The group of consumer goods reached 8.38 billion USD, accounting for a modest proportion of 6.1%, consistent with the trend of prioritizing imports for production rather than consumption.

The trade balance continued to maintain a surplus, but narrowed compared to the same period last year. According to preliminary data, March had a trade surplus of 1.63 billion USD, the first quarter had a trade surplus of 3.21 billion USD, and April had a trade surplus of 0.58 billion USD, bringing the total trade surplus in the first four months of the year to 3.79 billion USD (while the trade surplus in the same period in 2024 was up to 9.06 billion USD).

Import and export of goods in the first 4 months of 2025 reached nearly 277 billion USD. (Photo: Moit)

By region, the domestic economic sector continued to have a trade deficit of 10.52 billion USD, while the FDI sector had a strong trade surplus of 14.31 billion USD, strengthening the role of foreign-invested enterprises in the national trade balance.

In terms of markets, the United States remains the largest export partner with a turnover of 43.4 billion USD in the first four months of the year and is Vietnam's largest trade surplus market with a surplus of up to 37.7 billion USD (up 24.9%).

Next, the trade surplus with the EU reached 13.4 billion USD (up 16.8%), Japan 0.7 billion USD (doubled). In contrast, China is Vietnam's largest import market with a turnover of 53.2 billion USD, accompanied by a huge trade deficit of 35.1 billion USD (up 44.2%). Vietnam also had a trade deficit of 9.6 billion USD with South Korea (up 9.5%) and 5.4 billion USD with ASEAN (up 83.1%).

Source: https://baoquangninh.vn/xuat-nhap-khau-vuot-276-ty-usd-sau-4-thang-3356761.html