Vietnam export performance in recent years has been nothing short of remarkable. In 2025, World Trade Organization data compiled by Statista confirmed that Vietnam ranked 18th among the world’s 30 largest exporting economies. 

This milestone not only reflects the country’s rapid trade expansion but also highlights its growing role in the global supply chain.

Vietnam export turnover reached nearly US$473 billion in 2025, marking a significant increase compared to previous years. Notably, the country also recorded a trade surplus exceeding US$20 billion, reinforcing its economic resilience and contributing to macroeconomic stability.

This growth represents more than just numbers. It signals Vietnam’s transformation from a developing economy into a key manufacturing and export hub in Asia. Over the past decade, total trade volume surged dramatically—from around US$100 billion in 2009 to approximately US$930 billion recently. This nearly tenfold increase underscores how deeply Vietnam has integrated into global trade networks.

Key drivers behind Vietnam export growth

Several core industries have fueled Vietnam export expansion, with the country strategically balancing high-tech manufacturing and traditional sectors. Electronics and technology remain the backbone, as products like computers, mobile phones, and electronic components account for a large share of export value, driven by global manufacturers relocating production to Vietnam thanks to competitive costs and supportive trade policies. 

Alongside this, machinery and equipment exports are steadily increasing, reflecting Vietnam’s shift up the value chain toward more complex and higher-value production. Traditional strengths such as textiles, garments, and footwear continue to hold a strong global position, supported by a skilled workforce, well-established supply chains, and consistent international demand. 

Meanwhile, agriculture, seafood, and wood products remain essential pillars of Vietnam export structure, with key items like seafood, coffee, fruits, vegetables, and furniture not only contributing significantly to export turnover but also sustaining millions of livelihoods across the country.

Free Trade Agreements boost Vietnam

One of the most significant factors behind Vietnam export success is its proactive participation in global trade agreements. Vietnam has signed 17 free trade agreements (FTAs) with over 60 economies, creating favorable conditions for exporters.

These agreements:

• Reduce tariffs
• Improve market access
• Enhance competitiveness

As a result, Vietnamese goods can enter major markets such as the EU, the US, and Asia-Pacific countries with fewer barriers.

Vietnam export in 2026: Ambitious targets ahead

Looking forward, Vietnam has set an ambitious export target of US$546–550 billion for 2026, aiming for a 15–16% year-on-year growth.

As of mid-April 2026, total trade value had already reached nearly US$300 billion, indicating strong momentum. However, achieving this target will not be easy.

Challenges include:

• Global economic fluctuations
• Geopolitical tensions, particularly in the Middle East
• Supply chain disruptions

Despite these risks, Vietnam remains optimistic thanks to its flexible economic policies and strong export foundation.

Future outlook

With continued reforms and strategic planning, Vietnam has the potential to climb even higher in global export rankings.

Vietnam export performance in 2025 marks a significant milestone in the country’s economic journey. Ranking 18th globally and achieving nearly US$473 billion in export turnover demonstrates Vietnam’s growing influence in international trade.

Driven by strong manufacturing, strategic trade agreements, and consistent policy support, Vietnam is well-positioned for further growth. While challenges remain, the country’s resilience and adaptability provide a solid foundation for future success.

Source: Government News

22/4/2026