According to data from the General Department of Vietnam Customs, Vietnam’s exports to Indonesia amounted to US$437 million, a 23.7% YoY decrease, while imports stood at US$690 million, down 2.4% YoY, resulting in Vietnam’s trade deficit of US$253 million with this market, up 88% from US$134 million in January 2024.

Vietnam exported 30 key products to Indonesia, with 12 of them exceeding US$10 million in value. Leading the list were phones and components, valued at US$39.4 million, up 10.7% YoY, followed by machinery, equipment, tools, and spare parts, valued at US$38.3 million, a 15% YoY decline.

Computer, electronic product and component exports to Indonesia reached US$17.8 million, a sharp 49% YoY drop. Textile and garment exports stood at US$36.3 million, up 8.4% YoY, while exports as materials for textile/garment and leather and footwear production reached US$34.3 million, up 6.4% YoY. Footwear exports totaled US$12 million, up 8.9% YoY.

Chemical-related product exports reached US$24.4 million, a 131% YoY increase, while chemical exports fell 9% to US$19 million. Vietnam also exported raw plastic materials (US$29.8 million, down 56% YoY), plastic products (US$12.9 million, up 22% YoY), iron and steel (US$36.5 million, down 3.9% YoY), and transportation vehicles and spare parts (US$25.3 million, down 58% YoY).

Coffee exports to Indonesia saw a sharp decline of 85% YoY, reaching only US$6.31 million, with export volume dropping from 13,695 tonnes to 866 tonnes. Rice exports also suffered a severe drop, reaching only 651 tonnes, a 97% YoY decrease, leading to an export turnover decline of 98% YoY, down to US$0.35 million.

Some products recorded positive growth, including animal feed and raw materials (rising from US$0.36 million to US$2.86 million) and rubber (up 148% YoY, from US$3.3 million to US$8.19 million). Meanwhile, several product categories experienced significant declines, such as paper and paper product exports (down 43% YoY), rubber products (down 34% YoY), and textile fibers (down 36% YoY).

Vietnam imported 37 main product categories from Indonesia, primarily raw materials. Coal was the largest import item, with an import value of US$166 million, up 13% YoY, the only import exceeding US$100 million in value. Following coal were iron and steel (US$96 million, down 4.8% YoY), other base metals (US$45 million, down 34% YoY), and automobiles (US$38 million, up 7.7% YoY). These four imports totaled US$345 million, accounting for 50% of Vietnam’s import value from Indonesia.

Vietnam spent US$53.6 million on imports of animal and vegetable oils (up 42% YoY), seafood (US$39.3 million, down 5.9% YoY), and cashews (US$11.5 million, up 51% YoY). Imports as computers, electronic products, and components reached US$32.1 million, up 65% YoY, while imports as machinery, equipment, tools, and spare parts totaled US$12.3 million, down 24% YoY.

Some imported products experienced strong growth, including cotton (up 176% YoY), pesticides (up 71% YoY), and rubber (up 70% YoY). Meanwhile, several imports recorded significant declines, such as petroleum products (down 85% YoY), glass and glass products (down 66% YoY), and household electrical appliances and components (down 64% YoY)./.