Vietnam: Trade Surplus Narrows in June.

Vietnam's trade surplus narrowed to USD 2.83 billion in June 2025, down from USD 3.2 billion in the same month of 2024, marking the third consecutive month of surplus as exports rose less than imports. Exports increased by 16.3% year-on-year to USD 39.49 billion, while imports surged 20.2% to USD 36.66 billion. In the first half of 2025, the country recorded a trade surplus of USD 7.63 billion, with exports and imports rising by 14.4% and 17.9%, respectively. During this period, total shipments of processed industrial goods reached USD 194.28 billion, accounting for 88.4% of total exports. The United States remained Vietnam's largest export market, with turnover reaching USD 70.91 billion. In 2024, shipments to the US represented about 30% of Vietnam's GDP. On Wednesday, the two countries signed a trade deal under which the US will impose a 20% tariff on imports from Vietnam, down from the previously planned 46% levy.