Vietnam Trade Data in 2025 Q1 —— Import & Export Summary

Vietnam 2025 Q1 Trade Data Key Takeaways

Vietnam’s trade data reveals a manufacturing-driven economy, with electronics (HS 85) dominating 35.6% of exports and 38.7% of imports, highlighting heavy reliance on foreign components. The U.S. and China lead export markets, while imports are concentrated in Asia, exposing supply chain risks. Q1 2025 saw a $3.16B surplus as exports grew 10.6%, fueled by trade pacts and pre-tariff shipments. This analysis of Vietnam import-export data covers Q1 2025, sourced from cleanly processed Customs data in the yTrade database.

Vietnam Trade Data Overview in Q1 2025

Vietnam's export-driven economy saw its Vietnam global trade data summary for Q1 2025 show exports of $102.84 billion, growing 10.6% year-on-year, while imports reached $99.68 billion. This resulted in a trade surplus of $3.16 billion. The performance was supported by new trade pacts and front-loaded shipments ahead of finalized US tariffs, though competitiveness risks from policy shifts and regional competition persist.

Table: Vietnam Global Trade Key Metrics Overview (Source: yTrade)

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Vietnam Top Trading Products in Q1 2025

Vietnam Global Trade Core Summary

Vietnam's trade is heavily driven by manufacturing, with electronics and machinery dominating both exports and imports. The top two export categories (HS 85 and 84) account for nearly 50% of total exports, reflecting a strong focus on electrical and mechanical goods. Imports are similarly concentrated, with HS 85 alone making up 38.7% of inbound trade, indicating reliance on foreign components for production. Key takeaways:

• High export dependence on electronics (HS 85) at 35.6% of total exports.
• Import-heavy supply chain, with machinery and raw materials (HS 84, 39, 27) critical for manufacturing.
• Light industry presence in exports (footwear, apparel) but overshadowed by tech-driven sectors.

Vietnam Export-Import Structural Gap

Vietnam's trade shows a clear processing-trade pattern: it imports components (HS 85, 84) to assemble and re-export finished electronics. The overlap in top HS codes (85, 84, 39) signals deep supply chain integration but also exposes risks from import dependency. While exports include light industrial goods (footwear, apparel), the economy leans heavily on tech manufacturing. To reduce vulnerabilities, Vietnam could prioritize localizing input production or diversifying into higher-value exports beyond assembly.

Table: Vietnam Top Import & Export Product Categories (Source: yTrade)

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Vietnam Top Trading Countries in Q1 2025

Vietnam Global Trade Key Patterns

Vietnam’s trade flows show a clear imbalance, with imports heavily concentrated in Asia while exports reach broader global markets. The top import sources are dominated by China, Korea, and Taiwan, suggesting strong regional supply chain ties. In contrast, exports are more diversified, with the U.S. and China as top destinations but significant flows to Europe and other Asian markets. The data reveals a reliance on East Asian manufacturing inputs paired with demand from Western consumer markets. Key takeaways:

• Imports are Asia-centric, led by China (38.1B) and Korea (13.9B).
• Exports are more global, with the U.S. (31.4B) as the largest buyer.
• Trade gap exists, as top import values exceed top export values.
• Regional dependence for imports contrasts with export diversification.

Vietnam Export–Import Geographic Gap

Vietnam’s trade structure shows a clear divide: imports are tightly clustered in Asia, while exports are more globally dispersed. Only China, Korea, and the U.S. appear in both top 10 lists, hinting at processing trade (e.g., importing components for re-export). The imbalance suggests upstream dependency on a few Asian suppliers but downstream diversification in sales markets. This pattern aligns with Vietnam’s role as a manufacturing hub, drawing inputs regionally and shipping finished goods worldwide.

Table: Vietnam Top Destiantion & Origin Countries (Source: yTrade)

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Frequently Asked Questions

Q1. What are the major products exported by Vietnam in 2025 Q1?

Vietnam's top exports in Q1 2025 were electrical machinery (35.55% share, $42.57B), machinery/mechanical appliances (12.70%, $15.21B), and footwear (5.23%, $6.26B), per HS code data.

Q2. What are the main products Vietnam imports in 2025 Q1?

Electrical machinery dominated Vietnam's imports (38.69%, $45.99B), followed by nuclear reactors/machinery (7.68%, $9.13B) and plastics (5.86%, $6.96B), according to HS code analysis.

Q3. Which countries are the top destinations for Vietnam's exports in 2025 Q1?

The United States was Vietnam's largest export market ($31.4B), followed by China ($13.2B) and South Korea ($6.8B), as per country trade data.

Q4. Which countries supply most of Vietnam's imports in 2025 Q1?

China was Vietnam's primary import source ($38.1B), with South Korea ($13.9B) and Taiwan ($6.8B) as secondary suppliers, based on country-level statistics.

Q5. Does Vietnam rely heavily on any single trading partner in 2025 Q1?

Yes, Vietnam's trade is concentrated with China (top import source) and the US (top export destination), which together accounted for over 40% of combined trade flows.

Q6. How balanced are Vietnam's export and import markets in 2025 Q1?

Vietnam maintained a $3.16B trade surplus in Q1 2025, with exports ($102.84B) slightly exceeding imports ($99.68B), reflecting balanced trade dynamics.

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