Vietnam's import-export turnover up 28% in first seven months

Vietnam's total import-export turnover reached 659.58 billion USD in the first seven months of 2026, up 28.1% year-on-year.

Hanoi (VNA) – Vietnam's total import-export turnover reached 659.58 billion USD in the first seven months of 2026, up 28.1% year-on-year. However, imports outpaced exports, resulting in a trade deficit of 20.52 billion USD, largely driven by stronger demand for imported raw materials, machinery and production inputs.

download-12.png
Import and export cargo handled at MPC Port in Hai Phong city. (Photo: VNA)

According to the National Statistics Office (NSO) under the Ministry of Finance, merchandise exports totalled 319.53 billion USD between January and July, an increase of 21.7% compared with the same period last year.

The domestic economic sector contributed 63.64 billion USD, up 5.8%, accounting for 19.9% of total exports, while the foreign-invested sector (including crude oil) generated 255.89 billion USD, up 26.4%, representing 80.1% of total exports.

In the first seven months, 31 export items recorded turnover exceeding 1 billion USD each, accounting for 93% of the total export value. Of these, seven products each generated more than 10 billion USD, making up 69.7% of total exports.

Manufactured goods remained dominant, reaching 287.91 billion USD and accounting for 90.1% of exports. Agricultural and forestry products earned 22.79 billion USD (7.1%), seafood exports totalled 6.86 billion USD (2.2%), while fuel and mineral exports reached 1.97 billion USD (0.6%).

Meanwhile, merchandise imports rose 34.8% year-on-year to 340.05 billion USD. Imports by the domestic sector reached 92.14 billion USD, up 24.1%, while the foreign-invested sector imported goods worth 247.91 billion USD, an increase of 39.2%.

A total of 40 imported products exceeded 1 billion USD in value each, accounting for 93% of the total imports. Two products each recorded import turnover above 10 billion USD, representing 52% of the total imports.

Production inputs accounted for 94.1% of imports, equivalent to 319.95 billion USD. Machinery, equipment, tools and spare parts made up 56.9% of imports, while raw materials and fuels accounted for 37.2%. Consumer goods imports totalled 20.1 billion USD, or 5.9% of the total.

The US remained Vietnam's largest export market, with exports valued at 104.7 billion USD in the seven-month period, while China continued to be the country's largest source of imports, supplying goods worth 138.6 billion USD. As such, Vietnam recorded a trade surplus of 91.4 billion USD with the US, up 22.6% year-on-year, while its trade deficit with China widened to 93 billion USD, an increase of 39.7%.

Manufactured goods remain dominant, reaching 287.91 billion USD and accounting for 90.1% of exports between January and July 2026. (Photo: VNA)
Manufactured goods remain dominant, reaching 287.91 billion USD and accounting for 90.1% of exports between January and July 2026. (Photo: VNA)

To further boost exports, NSO Director Nguyen Thi Huong recommended the Government to continue implementing measures to promote exports, step up trade promotion activities, diversify supply chains, production networks and export markets, while improving product quality and integrating more deeply into regional and global supply chains.

She also called for better utilisation of existing free trade agreements (FTAs), stronger exports to key markets, and greater efforts to tap into emerging markets, including Halal, Latin American and African markets, with the aim of achieving a sustainable trade surplus.

In addition, she proposed providing businesses with timely market information, helping them comply with new export standards, supporting them in anti-dumping cases, facilitating access to finance, and encouraging the adoption of advanced technologies to improve product quality, enhance added value and expand export markets./.

VNA
en.vietnamplus.vn

Other News

Lien Khuong International Airport set to reopen on August 19

Lien Khuong International Airport set to reopen on August 19

Once operations stabilise, Lien Khuong International Airport in the Central Highlands province of Lam Dong is projected to serve approximately 6,800 passengers a day, nearly 1,000 more than before its temporary closure. Passenger throughput during the final four months of 2026 is forecast to reach around 816,000.

Global buyers turn to Ho Chi Minh City for sourcing

Global buyers turn to Ho Chi Minh City for sourcing

The growing number of international retailers and importers choosing Ho Chi Minh City as a sourcing destination underscores the city's transformation from a trade promotion venue into a regional procurement hub.

PM's conclusions set to clear bottlenecks, spur corporate growth

PM's conclusions set to clear bottlenecks, spur corporate growth

The PM called on the business community, business associations and the Vietnam Chamber of Commerce and Industry (VCCI) to strengthen self-reliance, innovation and competitiveness by improving governance, adopting advanced technologies, enhancing product quality and using capital more efficiently.

Incentive policies for high-tech agricultural zones

Incentive policies for high-tech agricultural zones

Under Decree No. 263/2026/ND-CP, qualified projects are given priority to participate in State support programmes as well as funds and policies on research and development, technological innovation, technology transfer, human resource training, investment promotion and trade promotion.

Major works at Long Thanh International Airport gather pace towards completion

Major works at Long Thanh International Airport gather pace towards completion

The ACV said on July 20 that contractors are deploying additional workers and equipment to speed up construction under Component Project 3, which covers the airport's essential aviation infrastructure. Major facilities, including the first and second runways, taxiways, aircraft aprons, the passenger terminal apron and the aircraft fuel supply system, are approaching completion.

GDP expands 8.18%, with new growth drivers taking shape

GDP expands 8.18%, with new growth drivers taking shape

According to the National Statistics Office under the Ministry of Finance, GDP expanded by 8.39% in the second quarter, up from 8.14% a year earlier. Growth for the first six months reached 8.18%, exceeding the 7.63% recorded in the same period of 2025. The performance reflected broad-based contributions from both the supply and demand sides of the economy.

Vietnamese economy sustains momentum on strong industrial production

Vietnamese economy sustains momentum on strong industrial production

The National Statistics Office (NSO) under the Ministry of Finance reported that the manufacturing and processing sector remained the principal driver of economic growth, accounting for 33.07% of the economy's total value-added growth during the first six months of the year.

Government urges vigilance as inflation pressures mount in H2

Government urges vigilance as inflation pressures mount in H2

The Government's inflation target remains within reach despite mounting headwinds. Several forecasts suggest inflation can stay below 4.5% this year if international oil prices continue to retreat. Extending domestic fuel tax incentives through year-end, along with stable electricity prices, healthcare fees and exchange rates, would offer additional relief.

Plan issued to develop agricultural logistics system

Plan issued to develop agricultural logistics system

A key target is that by 2030, all concentrated agricultural, forestry and fisheries production areas will have access to essential services, including product traceability, quarantine, testing, quality certification, processing and market development. The move reflects growing international demand for stricter food safety, quality and traceability standards, which have become increasingly important for agricultural exports.

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

Demand for Korean food in Vietnam has continued to grow rapidly alongside the popularity of the Korean Wave, or Hallyu, making the country a strategic market in the RoK's plan to expand agricultural and food exports to ASEAN, the RoK's Ministry of Agriculture, Food and Rural Affairs said.

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Authorities detected and handled 67,937 violations in the first half of the year, up 36.66% year-on-year. Budget revenue from enforcement reached nearly 9.65 trillion VND (nearly 367 million USD), an increase of 49.36%, while investigation was launched into 1,676 criminal cases involving 2,789 suspects.