Electronics and phone exports drive Vietnam’s trade growth
The two product groups accounting for more than 60% of the $46.33 billion increase in Vietnam’s total merchandise exports in the first half of 2026.
Vietnam records 1H trade turnover of nearly $550 billion
The United States maintained its position as Vietnam’s largest export market with a turnover of $86.5 billion, while China remained the largest source of imports, with a total value of $115.2 billion.
Vietnam-Singapore bilateral trade tops over $17.9 billion in 7M
Vietnam maintains its position as Singapore’s 10th largest trading partner.
Fiber exports 6th-largest worldwide
According to the Vietnam Textile and Apparel Association (Vitas), fiber exports in the first half of 2022 stood at approximately $3 billion, with Vietnam surpassing South Korea for the first time to become the sixth-largest fiber exporter in the world. To seize market opportunities and increase market share, many Vietnamese enterprises have boosted investments and expanded production.
1H trade up 16.4% and in surplus
According to the General Statistics Office, total trade turnover reached $371.17 billion in the first half of 2022, up 16.4 per cent year-on-year, with exports at $185.94 billion, up 17.3 per cent, and imports at $185.23 billion, up 15.5 per cent. Trade was therefore in surplus by $710 million. The US was Vietnam’s largest export market, with turnover of $55.9 billion.
CPTPP holds export potential
Vietnam posted a trade surplus of $59 million in July with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an increase of 60.52 per cent compared to June. This shows that the CPTPP holds significant potential as an export market.