Core Insights - Vietnam's import and export growth has slowed down in the first half of October 2025, with total trade amounting to $38.04 billion, a month-on-month decrease of 2.59% [2] - Exports reached $19.34 billion, showing a month-on-month increase of 0.75%, while imports totaled $18.69 billion, reflecting a month-on-month decline of 5.81% [2] Export Performance - A significant drop in various agricultural products and traditional raw materials has negatively impacted overall export growth, with fruit and vegetable exports down by 28.96%, fertilizers down by 55.56%, and ores and minerals down by 48.24% [2] - The total export value from January to the first half of October 2025 was $368.13 billion, representing a year-on-year growth of 16.14% [2] Import Performance - The decline in imports was primarily driven by significant reductions in three categories of high-tech products: computers, electronic products and components (down 12.41%), machinery, tools and spare parts (down 6.35%), and telephones and components (down 17.22%) [2] - The total import value from January to the first half of October 2025 was $350.72 billion, showing a year-on-year increase of 18.68% [2]

Group 1: Trade Performance - In June 2025, China's exports increased by 5.8% year-on-year, up from 4.8% in the previous month[2] - Imports grew by 1.1% year-on-year, a significant recovery from a decline of 3.4% in the previous month[2] - The trade surplus reached $114.77 billion, compared to $103.22 billion in the previous month[2] Group 2: Export Dynamics - The improvement in export growth was supported by better performance in exports to the US, which reduced its drag on overall export growth by 2.4 percentage points, a decrease of 2.7 percentage points from the previous month[3] - ASEAN and Hong Kong contributed positively, adding 2.7 and 1.3 percentage points to export growth, respectively[3] - Key product categories such as machinery, high-tech, and labor-intensive goods showed increased contributions to export growth, with machinery contributing 4.8 percentage points and high-tech products 1.5 percentage points[3] Group 3: Import Dynamics - Agricultural products, raw materials, and machinery imports saw improved growth rates, with agricultural products' drag on import growth reduced to 0.9 percentage points, down from 1.1 percentage points in the previous five months[3] - Raw materials contributed a drag of 3.7 percentage points, which is a slight improvement from the previous period[3] - High-tech products contributed 2.7 percentage points to import growth, with integrated circuits showing a notable recovery[3]

Core Insights - China's total goods trade import and export value reached 17.94 trillion yuan in the first five months of the year, showing a year-on-year growth of 2.5% [1] - Exports amounted to 10.67 trillion yuan, with a year-on-year increase of 7.2%, while imports were 7.27 trillion yuan, reflecting a decline of 3.8% [1] - In May alone, the total goods trade value was 3.81 trillion yuan, up 2.7% year-on-year, with exports at 2.28 trillion yuan (6.3% increase) and imports at 1.53 trillion yuan (2.1% decrease) [1] Trade Composition - Mechanical and electrical products accounted for 60% of total exports, with a value of 6.4 trillion yuan, marking a 9.3% increase [1] - Key export items included automatic data processing equipment (3.9% growth), integrated circuits (18.9% growth), and automobiles (6.6% growth) [1] - Major imported commodities like iron ore, crude oil, and coal saw price declines, while the import value of mechanical and electrical products increased [1] Trade Methods - General trade and processing trade both experienced growth, with general trade reaching 11.51 trillion yuan (0.8% increase) and processing trade at 3.21 trillion yuan (6.2% increase) [2] - The bonded logistics trade method also grew, with a total of 2.54 trillion yuan, reflecting a 5.9% increase [2] Business Entities - Private enterprises and foreign-invested enterprises saw increases in import and export values, with private enterprises reaching 10.25 trillion yuan (7% growth) and foreign-invested enterprises at 5.21 trillion yuan (2.3% growth) [2] - Private enterprises accounted for 57.1% of total foreign trade, an increase of 2.4 percentage points compared to the same period last year [2] Economic Context - The resilience of China's foreign trade amidst challenges is attributed to several factors, including substantial progress in high-level Sino-U.S. economic talks and effective policy measures that have boosted the confidence of foreign trade enterprises [2]