FX.co ★ Vietnam Trade Surplus Narrows in April

In April 2025, Vietnam's trade surplus experienced a decline, registering at USD 0.58 billion compared to USD 1.11 billion during the same period last year, primarily due to export growth lagging behind import growth. Specifically, exports saw an increase of 19.8% year-on-year to USD 37.45 billion, whereas imports soared by 22.9% to nearly reach a record high of USD 36.87 billion. Over the initial four months of 2025, Vietnam recorded a trade surplus of USD 3.79 billion, a notable reduction from the USD 9.06 billion surplus in the corresponding timeframe in 2024. This period witnessed exports and imports rising by 13% and 18.6%, respectively. The United States emerged as Vietnam's largest export destination, accounting for USD 43.4 billion in trade, while China stood as the largest source of imports with a total of USD 53.2 billion. Notably, exports to the US comprised approximately 30% of Vietnam's Gross Domestic Product last year. Under President Trump's newly implemented tariff system, Vietnamese exports are subject to a 46% increase in tariffs.