Vietnam’s trade deficit narrowed to USD 1.04 billion in February 2026, down from USD 1.58 billion in the same month a year earlier. Exports climbed 5.7% year-on-year to USD 33.06 billion, supported by higher shipments of crude oil (up 11.1%) and other products (up 17%). Imports also grew, but at a more moderate pace of 4.4%, reaching USD 34.1 billion, with notable increases in purchases of corn (145.4%), soybeans (68%), and liquefied petroleum gas (174.3%).
Over the first two months of 2026, Vietnam recorded a cumulative trade deficit of USD 2.98 billion. The domestic sector ran a deficit of USD 6.5 billion, while the foreign-invested sector posted a surplus of USD 3.52 billion. Processed industrial goods made up USD 68.55 billion, or 89.8%, of total exports during the period. On the import side, production materials amounted to USD 74.67 billion, accounting for 94.1% of total imports. The United States remained Vietnam’s largest export market, with shipments valued at USD 23.8 billion, whereas China continued to be the country’s main import source, with imports totaling USD 31.9 billion.
