Petrolimex's imported petroleum warehouse at Hai Phong port. (Photo: VNA)

The country's export earnings grew by 14.4%, while its import turnover rose by 17.9%, resulting in a trade surplus of 7.63 billion USD.

In June alone, the export turnover surged by 16.3% year-on-year. The domestic economic sector saw a decrease of 5.7%, while the foreign-invested sector, including crude oil, surged by 24.4%.

The export value in the January – June period stood at 219.83 billion USD, up 14.4% year-on-year. The domestic sector contributed 58.28 billion USD (up 9.4%), accounting for 26.5% of the total export turnover, while the foreign-invested sector, including crude oil, accounted for 161.55 billion USD (up 16.4%), making up 73.5% of total exports.

During this period, 28 export items surpassed the 1 billion USD mark, making up 91.7% of total export value. Nine of these items exceeded 5 billion USD, accounting for 72.3%.

By sector, processed industrial goods remained the dominant export category, generating 194.28 billion USD (88.4% of the total). Agricultural and forestry products contributed 19.12 billion USD (8.7%), seafood reached 5.11 billion USD (2.3%), and fuel and mineral products totaled 1.34 billion USD (0.6%).

On the import side, Viet Nam spent 212.2 billion USD on imports in the last six months, an increase of 17.9% year-on-year.

Thirty-three imported items exceeded 1 billion USD in value, comprising 89.0% of total imports, while six others surpassed the 5 billion USD mark, accounting for 56.8%.

The US remained the largest importer of Vietnamese goods in the first half, with turnover reaching 70.91 billion USD. Meanwhile, China continued to be the country’s biggest import source, with imports valued at 84.7 billion USD.

Viet Nam achieved a trade surplus of 62 billion USD with the US, a 29.1% increase from the previous year, while its surplus with the EU expanded by 11.6% to 19 billion USD. Notably, the country’s trade surplus with Japan hit 1.2 billion USD, surging by 69.1% compared to the same period in 2024.

However, Viet Nam continued to run trade deficits with several major partners in the reviewed period, including China (55.6 billion USD, up 42.2%), the Republic of Korea (14.6 billion USD, up 0.1%), and ASEAN (7.5 billion USD, up 67.4%).