Vietnam’s export value to the US reached over USD 126 billion in the first 10 months of 2025 – the highest level ever recorded and already exceeding the total export turnover of 2024. The US remains Vietnam’s largest export market, accounting for more than 30% of total trade.

Record-High USD 126 Billion in Exports to the US

According to the General Department of Customs, Vietnam’s exports to the US surged 28% year-on-year, hitting USD 126 billion within 10 months. This sharp rise once again highlights the US as the leading market driving Vietnam’s trade outlook heading into 2026.

The breakthrough came from strong expansions across key export pillars, especially electronics, textiles, furniture, toys, and agricultural–aquatic products.

Electronics and Manufacturing Lead the Growth Momentum

Vietnam’s computers, electronics, and components posted the strongest performance, soaring nearly 78% to over USD 34 billion – the fastest growth rate in a decade. Demand for AI servers, tech devices, and semiconductor-related components continued to rise sharply.

Other major categories also recorded solid gains:

• Machinery and equipment increased 9.2% to USD 19.6 billion

• Phones and components rebounded slightly to USD 9.02 billion after two years of stagnation

• Textiles and garments recovered strongly, reaching USD 14.81 billion (+11.4%)

Toy and Sporting Goods Exports Surge Over 255%

One of the most notable structural shifts came from toys and sporting equipment. As many US companies redirected orders away from China, Vietnam’s shipments in this category jumped 255%, from USD 1.47 billion to USD 5.24 billion — the highest growth rate seen in years.

At the same time:

• Wood and wood products reached USD 7.8 billion (+6%)

• Vehicles and spare parts climbed nearly 11%

• Plastic products and consumer goods also maintained stable growth

Agricultural and Aquatic Products Accelerate

Vietnam’s agriculture and aquaculture sector also saw significant improvement:

• Fruit and vegetables: +58.5%

• Coffee: +60% thanks to high global prices

• Rubber products: +51%

• Seafood: +7.5% after a long period of decline, supported by lower US inventories and rising demand for premium products

Textiles Stay Resilient Despite Tariffs

Although the textile sector has faced new US tariffs since September, most enterprises still reported positive performance in Q3.

• Wigroup recorded 15.82% growth

• Vinatex achieved more than USD 359 billion VND in profit (+56%) by accelerating shipments before the new tariffs took effect

• Vinatex’s 9-month after-tax profit reached 943 billion VND, up 132% year-on-year

Businesses Strengthen Compliance and Localization

Source: CafeF

According to industry leaders, Vietnamese exporters continue to ship steadily to the US, especially during the year-end peak season. To ensure smooth customs clearance, companies are increasing raw material traceability, origin declarations, and localization rates.

In the seafood sector, despite higher costs due to tariffs, exporters with clear origin, stable quality, and advanced processing still enjoy strong demand. Many firms are also expanding into Halal markets and exploring destinations with consumption patterns similar to the US to reduce reliance on a single market.

Global Supply Chain Shifts Strengthen Vietnam’s Position

Experts note that this year’s export performance reflects a rapid shift in global supply chains. As US inflation cools, interest rates stabilize, and inventory cycles near completion, American importers are placing new orders again. Simultaneously, the diversification away from China continues to push more production and sourcing activities toward Vietnam.

Source: Vnexpress

2/12/2025