Vietnam, also known as the Republic of Vietnam, is a Southeast Asian country with over 100 million people. Vietnam’s economic growth and integration into global trade are heavily dependent on the export of goods. Vietnam is a country focused on exporting goods to trading partners such as the USA. China, Japan, South Korea, and others. In recent years, Vietnam has transformed into a manufacturing and export powerhouse in the Asian region.
The Vietnamese economy is set to grow 6.8% in 2025, according to the latest World Bank information. The total export values have increased between 2024 and 2025. It went from 34.2 billion US dollars to 42.5 billion US dollars with an increase of 24.4%, 8.33 billion US dollars.
Vietnam's exports are closing at great numbers. The numbers are high, with a 16.2% increase in export revenue over the past 10 months. The Vietnamese export turnover has exceeded expectations, and it is more likely to surpass the initial target of 12%.
In October, the country’s total export turnover reached 42.05 billion USD, up 17.5% year-on-year, driven by strong growth in key sectors such as:
Vietnam deals mainly in electronics and electrical equipment exports. The region deals in trading mobile phones, semiconductors, and computers as leading exports. Vietnam’s electronics industry is projected to reach over US$169 billion in revenue by 2025. The government sector is focusing more on manufacturing with reduced import dependency and sustainable production plans. The leading Investors are Samsung, Apple, Foxconn, Intel, and LG.
Vietnam is also known as a global garment hub. Vietnam’s textile and garment industry has shown a significant turnover in 2025. It has reclaimed its growth momentum after two years of global market volatility. Export turnover reached $34.75 billion in the first nine months with a 7.7% year-on-year increase. The sector will become one of the base sectors that support the economy of Vietnam the most, while keeping demands for environmental compliance.
Another of Vietnam's main exports is footwear. Vietnam has become one of the major exporters of footwear in the world. However, due to tariff implementation, Vietnam's footwear exports to the USA have fallen by 27% in September, with 11 million dollars. In August 2025, the USA implemented a 20% tariff on Vietnamese goods. Vietnam made $10.6 billion worth of footwear shipments to the USA in 2025.
Machinery and Equipment are the major exports of Vietnam. The major exporters of machinery and equipment are Asian countries, including China, South Korea, Japan, and Taiwan. Vietnam supplies nearly 70% of the machinery and equipment to these countries. The Vietnamese machinery and equipment have shown phenomenal growth, reaching approximately $37.4 billion in value by early October.
Vietnam also deals in the exports of agricultural products like Rice, coffee, seafood, pepper, and cashew nuts. In the first ten months of the year 2025, Vietnam's exports of agricultural goods, including fisheries and forestry, have increased by 13%. Among these, agricultural product exports reached 31.34 billion U.S. dollars, a year-on-year increase of 15.5%. Total livestock product exports reached nearly 513 million U.S. dollars, with an increase of 19%. Aquatic product exports reached 9.31 billion U.S. dollars, with an increase of 12.9%; and forestry product exports reached 14.93 billion U.S. dollars, with a record increase of 5.8%.
These emerging export sectors of Vietnam are:
Renewable energy equipment.
Automotive parts and components.
High-tech and green manufacturing exports.
The following are some of the biggest trade partners of Vietnam:
The United States is Vietnam’s largest export market, importing $142.48 billion worth of goods from Vietnam during 2024. Vietnam shares a significant amount of its total trade revenue. The key exports to the USA market from Vietnam are textiles, footwear, electronics, furniture, and seafood. The relationship between the two nations has strengthened due to consistent demand for high-quality and competitively priced Vietnamese goods. The US-based companies also invest in Vietnam’s manufacturing, technology, and renewable energy sectors. The absence of major trade barriers and the growing consumer demand make the USA a vital partner for Vietnam. American businesses have access to cost-efficient sourcing opportunities in the region.
China is one of Vietnam’s most important trade partners and imported $10.3 billion worth of goods from Vietnam in September 2025. and its largest source of raw materials, machinery, and industrial components. The two countries share a long border, which facilitates cross-border trade and logistics efficiency. While Vietnam imports materials and equipment from China for manufacturing, it exports agricultural products, electronics, and textiles in return. This complementary trade relationship strengthens both economies. China’s growing demand for Vietnamese food products and Vietnam’s dependence on Chinese inputs create a deeply interconnected trade network. Despite occasional trade imbalances, their cooperation in supply chains remains crucial for Vietnam’s production-driven economy.
South Korea holds a strategic position among Vietnam’s top trading partners, importing $2.87B worth of goods from Vietnam in 2025. The trade is driven largely by foreign direct investment from major corporations like Samsung, LG, and Hyundai. Vietnam exports electronics, garments, and seafood to South Korea, while importing advanced machinery, components, and petrochemical products. The Vietnam–Korea Free Trade Agreement (VKFTA) has further boosted bilateral trade and investment flows. Many Korean firms have set up manufacturing bases in Vietnam to benefit from its skilled workforce and cost advantages. This mutually beneficial partnership has helped Vietnam strengthen its technology sector and industrial competitiveness in the global market.
Japan is a long-standing and trusted trading partner of Vietnam. It is known for its consistent investment in manufacturing, infrastructure, and energy projects. Vietnam exports seafood, garments, furniture, and electronics to Japan, while importing vehicles, industrial machinery, and high-tech products. Japanese companies have played a key role in developing Vietnam’s industrial parks and supply chains. The Vietnam–Japan Economic Partnership Agreement (VJEPA) has enhanced trade cooperation by reducing tariffs and encouraging sustainable business practices. Japan’s focus on quality and innovation aligns with Vietnam’s growing industrial ambitions. It is making their economic relationship both stable and forward-looking.
The European Union is a major destination for Vietnamese exports, especially textiles, footwear, coffee, seafood, and electronics. The EU–Vietnam Free Trade Agreement (EVFTA), implemented in 2020, has opened new opportunities by removing tariffs on most goods and improving market access. This partnership supports Vietnam’s diversification strategy, reducing dependence on Asian markets. European buyers value Vietnam for its reliable production quality and compliance with sustainability standards. The growing collaboration also fosters investment in renewable energy, digitalization, and green manufacturing sectors. As a result, trade between Vietnam and the EU continues to expand each year.
Trade with ASEAN countries plays a crucial role in Vietnam’s regional economic integration. Key partners within the bloc include Thailand, Malaysia, Indonesia, and Singapore. Vietnam exports machinery, electronics, agricultural goods, and processed foods to ASEAN markets while importing petroleum, raw materials, and consumer products. Vietnam benefits from reduced tariffs and simplified trade regulations due to trade agreements. Strengthened connectivity and logistics cooperation further enhance Vietnam’s role in ASEAN’s collective economic growth.
The following are some trade agreements between Vietnam and its biggest trade partners:
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is a multilateral trade agreement between 11 countries in the Asia-Pacific region, including Vietnam. It eliminates tariffs on most goods, promotes fair trade practices, and opens new export markets for Vietnamese products like textiles, seafood, and electronics.
The EU–Vietnam Free Trade Agreement is a bilateral trade deal between Vietnam and the European Union that removes almost 99% of tariffs over time. The EVFTA enhances Vietnam’s access to the EU market for garments, footwear, coffee, and seafood.
The Regional Comprehensive Economic Partnership is the world’s largest free trade agreement involving ASEAN countries, China, Japan, South Korea, Australia, and New Zealand. For Vietnam, it improves export competitiveness and regional integration within the Asia-Pacific markets.
The Vietnam–Korea Free Trade Agreement is a bilateral trade agreement between Vietnam and South Korea designed to boost trade and investment. It reduces tariffs on key products like electronics, textiles, and machinery, encouraging Korean firms to invest in Vietnam.
The future predictions of Vietnam's economic growth have been decided by the National Assembly of Vietnam. The officials have decided to pursue economic expansion with a target of at least 10% in 2026. It makes around 5,400 dollars per capita, and inflation is expected to be controlled at 4.5%.
The Vietnamese market in 2026 is expected to be highly influenced by global changes in commodity markets. Government plans for industrial modernization will be affected by low, sustained oil prices, which will reduce production costs for factories and the transport industry. The pressure will be on commodity imports due to the expected lower prices of coal, oil, and other natural and agricultural goods. However, with firm control over inflation, there is a dependency on sending products to the external market. It will significantly enhance the electronics, textiles, and machinery industries by encouraging more local production rather than importing.
The opportunities for foreign investors and buyers will be seen as improved. The Vietnam market outlook 2026 envisions cleaner, more efficient power development aligned with the national plan for sustainable growth.
Tradeyao is one of the largest platforms for businesses looking to learn more about Vietnamese exports. Tradeyao is helping business and export traders understand Vietnam's market trends by providing industry-specific information. Tradeyao provides you with the rightful market insights. You can find detailed information on Vietnam's top exports, such as textiles, electronics, and other goods, to support the economy.
Platforms such as TradeYao offer a great opportunity to explore market opportunities, especially in a country like Vietnam, which is advancing in technology, production, and other sectors. Vietnam’s economy is highly competitive and based on the exports mentioned above. Learn more about Vietnamese exports, imports, and trade insights anytime on TradeYao.
In this blog, we have shared export insights for Vietnam, a growing economy on the global map in terms of business and development. Vietnam’s strengths as an export-driven economy are evident in the data cited in the blog. The economy has a significant influence on global trade, and for many businesses, the region offers great export opportunities. Platforms like TradeYao provide real-time information, helping make correct business decisions at the right time.
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