Vietnam’s export sector continued its strong momentum in the first quarter of 2026, with total export turnover reaching USD 122.9 billion, up 19% year-over-year. The United States remained Vietnam’s largest export market, while Asia dominated the Top 10 list with six major markets, highlighting the region’s growing importance in Vietnam’s international trade network.

According to data released by the General Department of Customs, Vietnam’s export growth was driven by strong demand for electronics, machinery, and technology-related products across key global markets.

United States Remains Vietnam’s Largest Export Market

The United States remained Vietnam’s largest export destination in Q1/2026, with export turnover reaching USD 39 billion, an increase of 24.3% over the same period last year. The market accounted for 31.8% of Vietnam’s total export value during the quarter.

Two major product groups recorded significant growth in the U.S. market. Exports of computers, electronics, and components reached USD 12.4 billion, rising 65.5% year over year. Meanwhile, machinery, equipment, tools, and spare parts generated USD 6.1 billion in export value, up 16.8%.

The continued expansion of exports to the United States reflects strong international demand for Vietnam’s manufacturing and technology sectors.

China and South Korea Continue Strong Growth

China ranked as Vietnam’s second-largest export market, with export turnover reaching USD 16.8 billion, up 26.4% year over year.

Key export categories to China recorded strong growth, including computers and electronic products at USD 4.4 billion, up 20.7%, and phones and components at USD 3.5 billion, up 30.9%. Machinery and equipment exports also surged by 80.6%, reaching USD 1.4 billion.

South Korea ranked third, with exports totaling USD 8.1 billion, an increase of 19.4% compared to Q1/2025. Electronics and technology products remained the main growth drivers. Exports of phones and components rose 133% to USD 1.8 billion, while computers and electronics reached USD 2.5 billion, up 24.5%.

Asia Continues to Dominate Vietnam’s Export Structure

Beyond the top three markets, Vietnam’s major export destinations included Japan at USD 7 billion, Hong Kong (China) at USD 4.9 billion, the Netherlands at USD 3.7 billion, India at nearly USD 3 billion, Germany at USD 2.7 billion, Thailand at USD 2.6 billion, and the United Kingdom at USD 2.1 billion.

Among the Top 10 export markets, Asia accounted for six markets, Europe contributed three, and the Americas had one representative. The figures demonstrate Vietnam’s increasingly diversified and expanding trade relationships across global regions.

Export Growth Supports Vietnam’s 2026 Trade Target

With double-digit export growth recorded in the first months of the year, Vietnam is moving closer to its 2026 export target of USD 500 billion.

The continued expansion across major markets highlights the resilience of Vietnam’s export sector despite ongoing global economic uncertainties. Strong performance in electronics, machinery, and technology products is expected to remain a key driver of export growth throughout the year.

As global demand for technology and manufacturing products continues to rise, Vietnam is well-positioned to sustain export momentum and deepen its integration into international supply chains.

Source: Compilation

18/4/2026