Vietnam reports $1.47 bln in 2-month trade surplus

Vietnam posted a trade surplus of $1.47 billion in the first two months of the year, with the U.S. being the biggest export market and China the biggest import market, the General Statistics Office (GSO) reported.

The country recorded a trade surplus of $3.02 billion in January and a trade deficit of $1.55 billion in February which was lower than the $5.1 billion seen in the same period of 2024.

The United States was Vietnam's biggest export market in the period with an export revenue of $19.6 billion, up 16.5% year-on-year; while China was the biggest import source with $23.3 billion, up 20.7%.

China was the biggest trade partner with a turnover of $31.2 billion, followed by the U.S. with $22.2 billion, the ASEAN with $13.5 billion, South Korea with $13.4 billion, the EU with $11.2 billion, and Japan with $7.9 billion.

Vietnam's trade surplus with the U.S. in the two months was $17 billion.

The foreign direct investment (FDI) sector recorded a trade surplus of $6.34 billion, while the domestic sector posted a trade deficit of $4.87 billion.

Vietnam earned $64.27 billion from exports in January-February, up 8.4% year-on-year, and spent $62.8 billion on imports, up 15.9%.

For exports, Vietnam's biggest cash earners in the period were electronics, computers, and components with $12.54 billion, up 25.3% year-on-year; phones and components with $9.22 billion, down 3.1%; machines, tools, and components with $7.7 billion, up 10.3%; and apparel-textile with $5.63 billion, up 9.3%.

Regarding imports, electronics, computers, and components accounted for the biggest portion of $20.15 billion, up 28.9% year-on-year; followed by machines, tools, and components with $7.79 billion, up 18.5%.