Vietnam Reports $475.04 Billion in Exports, Outpacing Imports

Vietnam’s goods exports rose to $475.04 billion in 2025, while imports reached $455.01 billion, showing the scale of the country’s trade as manufacturers consider production strategies that add capacity outside China.

Vietnam’s goods exports increased 17% from 2024, while imports climbed 19.4%. The United States was Vietnam’s largest export market, at $153.2 billion, while China was its largest import source, at $186 billion.

Manufacturing and processing products accounted for $421.47 billion, or 88.7%, of Vietnam’s goods exports. That figure describes the goods shipped, but does not show how much of their value came from Vietnamese suppliers.

“China plus one” describes a strategy in which companies add production outside China while keeping some operations or suppliers there. Trade totals can show the volume of goods moving across borders, but they do not establish whether additional factories are building domestic supply chains or relying on imported inputs.

China-ASEAN trade reached $1.05 trillion in 2025, an increase of 7.4% from the prior year. The figure reflects trade between China and the Association of Southeast Asian Nations (ASEAN), a regional bloc.

Vietnam’s exports and imports quantify its trade flows, while the available figures do not measure the share of manufacturing value captured by local suppliers.