Vietnam trade reaches over $470 billion by mid-July

emirates7 - Vietnam recorded a total trade value of US$470.63 billion between January 1 and July 15, reflecting a 16.2% increase compared to the same period in 2024, according to the Department of Vietnam Customs.

Exports during this period amounted to $239.19 billion, representing a 14.7% year-on-year rise, while imports totaled $231.44 billion, up 17.7% from the previous year.

In the first half of July alone, the country’s total import-export turnover stood at $38.21 billion — a 7% decline compared to the second half of June, according to the Vietnam News Agency.

Foreign direct investment (FDI) enterprises contributed $14.83 billion in export turnover during early July, down 13.5% from late June. On the import side, FDI firms reported $13.84 billion, a 4.4% increase over the same comparison period.

As of mid-July, FDI enterprises had generated $175.8 billion in exports — a 17.5% increase year-on-year — accounting for 73.5% of Vietnam’s total exports. Their cumulative imports reached $153.31 billion, marking a 22.7% rise and comprising 66.2% of the country’s total import value.

Although Vietnam recorded a trade deficit of $134 million in the first half of July, it still maintained an overall trade surplus of $7.74 billion from January through July 15.