Vietnam posts nearly US$4 billion trade deficit with ASEAN in Q1

VOV| 08/04/2025 13:04

Vietnam recorded a trade deficit of US$3.8 billion with ASEAN in the first quarter of 2025, as total bilateral trade hit US$22.2 billion, according to the latest socio-economic report released by the General Statistics Office (GSO) and the Ministry of Finance.

The report indicated that Vietnam’s total trade turnover with its six largest trading partners reached US$159 billion during the reviewed period, accounting for 78% of the country’s total trade value.

In terms of exports, Vietnam earned US$31.4 billion from the US and US$13.7 billion from the EU. Export revenue from China, ASEAN, the Republic of Korea (RoK), and Japan stood at US$13.2 billion, US$9.2 billion, US$6.8 billion, and US$6.4 billion, respectively.

Exports to the US, the EU, Japan, the RoK, ASEAN, and China all saw positive year-on-year growth, with the US leading the trend.

Regarding imports, Vietnam spent US$78.7 billion importing goods from these six markets, representing 79% of total national imports.

China remained Vietnam’s largest supplier, with import turnover reaching US$38.1 billion, followed by the RoK (US$13.9 billion), ASEAN (US$13 billion), Japan (US$5.8 billion), the US (US$4.1 billion), and the EU (US$3.8 billion).

All six markets saw positive growth in export value to Vietnam. China posted the highest growth rate at 24.7%, followed by the US, ASEAN , the RoK , Japan , and the EU.

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