FX.co ★ Vietnam Trade Surplus Little-Changed

Vietnam's trade surplus for November 2025 was reported at USD 1.09 billion, representing a slight increase from USD 1.06 billion in November 2024. Year-over-year, exports grew by 15.1% to reach USD 39.07 billion, while imports rose by 16.0%, totaling USD 37.98 billion. Over the course of the first eleven months of 2025, Vietnam amassed a cumulative trade surplus of USD 20.53 billion, with export and import growth rates at 16.1% and 18.4%, respectively. Within this period, exports of processed industrial goods amounted to USD 381.72 billion, making up 88.7% of the total exports. The United States stood as Vietnam’s leading export market, with export earnings reaching USD 138.6 billion. Concurrently, production materials accounted for USD 383.96 billion, or 93.7% of total imports, with China maintaining its position as Vietnam’s primary import partner. In July, the United States and Vietnam entered into a trade agreement stipulating a 20% tariff on imports from Vietnam.