July Trade Volume: Both Exports and Imports Exceed Previous Year for Sixth Consecutive Month (Vietnam)

This article analyzes Vietnam's July 2025 trade statistics released by the Vietnam Customs Department, reporting six consecutive months of positive growth in both exports and imports. July Trade Performance July 2025 exports reached .29 billion (16.0% increase year-on-year), while imports totaled .00 billion (17.8% increase). Since February 2025, both exports and imports have exceeded the previous year's levels for six consecutive months, demonstrating continued robust growth in Vietnam's economy. The July trade surplus was .29 billion, slightly down from the previous year's surplus of .49 billion. Major Trading Partner Trends In terms of exports, the United States ranked first at .22 billion (26.0% year-on-year increase), showing significant growth, followed by China at .73 billion (20.2% increase) and South Korea at .56 billion (11.1% increase). For imports, China led at .74 billion (30.8% year-on-year increase), followed by South Korea at .30 billion (3.5% increase) and Taiwan at .22 billion (55.1% increase). Product Categories and US Export Dependence The top three export categories were computers, electronic products and components, telephones and components, and machinery and equipment. Vietnam's exports to the US show high dependence in toys and sports goods (66.0%), wood and wooden products (57.3%), garments (46.6%), computers and electronic products (41.6%), footwear (40.4%), and machinery and equipment (37.5%), all significantly exceeding the overall US export share of 33.6%, indicating concentrated dependence on the US market in these sectors. China Import Dependence Reality The main import categories were computers and electronic products, machinery and equipment, and textiles and fabrics. China's share in Vietnam's imports shows high dependence in telephones and components (82.7%), steel products (73.9%), textiles and fabrics (68.2%), machinery and equipment (65.7%), plastic products (64.5%), and steel (53.3%), all significantly exceeding the overall China import share of 41.8%, revealing a serious dependence on Chinese imports. The article reports that while Vietnam's trade continues to grow robustly, it has revealed a trade structure with extremely high dependence on the US and China in specific product categories.