The ministry cited data from Enterprise Singapore as reporting that in May 2025, total import-export turnover between the two countries reached more than 3.16 billion SGD, up 27.76% year-over-year. Exports from Vietnam to Singapore continued to grow well with a turnover of 869.3 million SGD, up 27.1%, while import turnover grew by 28.02%, reaching nearly 2.3 billion SGD.
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Producing electronic components for export at Tu Ha Industrial Park, Huong Tra township, Hue city |
In the first five months of 2025, the two-way trade turnover reached more than 16.23 billion SGD, 28.07% higher than that of the same period last year. Of that, Vietnam's exports to Singapore increased sharply, by 37.7%, reaching nearly 4.53 billion SGD and its imports reached more than 11.7 billion SGD, up 24.7%.
In May, more than 94.4% of commodities that Vietnam exported to Singapore belonged to the group of machinery, equipment, mobile phones, components and spare parts of all kinds. Meanwhile, the other two main export groups - the group of reactors, boilers, machine tools and spare parts of the above machines; and the group of glass and glass products - only increased slightly or decreased.
Some other export groups also had very strong growth such as alcohol and beverages (up 104.48%); optical machines, measuring instruments, medical equipment, watches, musical instruments and accessories of all kinds (up more than 52.58%); and plastics and plastic products (up more than 48.43%). On the contrary, some groups had quite strong declines such as salt; sulfur; soil and stone; plaster, lime and cement (down 25.29%); and aquatic products (down 17.85%).
Regarding imported goods from Singapore to Vietnam, in May, the group of machinery, equipment, mobile phones, components and spare parts of all kinds increased by 61.28% and the group of reactors, boilers, machine tools and equipment and spare parts of the above machines increased by 92.44%. Meanwhile, the group of gasoline and petroleum products decreased by 12.28%.
Source: VNA