Hanoi sees positive growth in exports

9:59 PM, Wed March 05, 2025

Hanoi's export turnover in February 2025 is estimated at $1.371 billion, reflecting a slight decrease of 0.5% compared to the previous month but an 18.3% increase year-over-year from February 2024, according to the Hanoi Statistics Office.

In February 2025, Hanoi's total export turnover was estimated at $1.371 billion, a slight decrease of 0.5% compared to the previous month.

Hanoi sees positive growth in exports- Ảnh 1.

The domestic economic sector accounted for $558 million, decreasing by 0.4% from the previous month and 19.8% from the same period last year. Meanwhile, the foreign direct investment (FDI) sector reached $813 million, marking a 0.6% month-on-month decline but a substantial 75.4% increase compared to February 2024. Several product categories saw an increase in export turnover compared to the same period last year. Notably, textiles and garments reached $194 million, rising by 67.4%, while machinery, equipment, and spare parts achieved $192 million, reflecting a 38.4% increase. Computers, electronic goods, and components amounted to $168 million, growing by 4%. Agricultural products and wood products also experienced growth, reaching $112 million (a 13.4% increase) and $70 million (doubling compared to the same period last year), respectively. Footwear and leather products recorded an export turnover of $38 million, more than doubling from the previous year with a 2.1-fold increase. Other goods collectively totaled $372 million, showing a 31% rise.

On the other hand, three out of twelve export categories experienced a decline in turnover compared to the same period in 2024. The export value of transport vehicles and spare parts stood at $138 million, decreasing by 10.3%. Petroleum exports dropped significantly by 68.8%, reaching $39 million. Mobile phones and components recorded a slight decrease of 1.1%, totaling $6 million.

Cumulatively, in the first two months of 2025, Hanoi's total export turnover was estimated at $2.748 billion, reflecting a 2.5% increase year-on-year. The domestic economic sector contributed $1.118 billion, registering a 29.2% decline, whereas the FDI sector accounted for $1.630 billion, surging by 47.8%. Several export categories experienced growth during this period. Textiles and garments amounted to $388 million, increasing by 31%. Machinery, equipment, and spare parts reached $386 million, rising by 14.1%. Agricultural products totaled $224 million, marking a 3.8% growth. Wood and wood-based products recorded an export turnover of $141 million, reflecting a 24.5% increase. Footwear and leather products totaled $77 million, showing a 42.7% rise. Other goods collectively amounted to $743 million, recording a 15% increase.

Conversely, several export categories witnessed a decline. Computers, electronic goods, and components reached $338 million, falling by 5.9%. Transport vehicles and spare parts recorded a total of $276 million, decreasing by 12.4%. Petroleum exports amounted to $79 million, marking a steep 70.9% decline.

Regarding imports, in the first two months of 2025, Hanoi's total import turnover was estimated at $6.305 billion, increasing by 7.2% compared to the same period in the previous year. The domestic economic sector accounted for $5.349 billion, rising by 8.5%, while the FDI sector reached $956 million, recording a slight 0.1% increase. The main imported goods included machinery, equipment, and spare parts, totaling $1.178 billion, reflecting a 31.9% increase. Transport vehicles and spare parts reached $393 million, increasing by 36.4%. Computers, electronic goods, and components recorded $391 million, marking a 13.3% rise. Other metals totaled $259 million, increasing by 45.3%, while plastics reached $200 million, rising by 7.5%. Other goods collectively accounted for $2.157 billion, reflecting a 1.2% increase.

For February 2025 alone, Hanoi's import turnover was estimated at $3.141 billion, experiencing a 0.7% decrease compared to the previous month but a 26.6% increase year-on-year. The domestic economic sector accounted for $2.666 billion, slightly decreasing by 0.6% from the previous month but increasing by 29.9% compared to the same period last year. The FDI sector reached $475 million, reflecting a 1.3% month-on-month decline but a 10.8% year-on-year increase.

Several product categories saw an increase in import turnover compared to the same period last year. Machinery, equipment, and spare parts reached $588 million, marking a 68.6% rise. Transport vehicles and spare parts totaled $196 million, increasing by 47.9%. Computers, electronic goods, and components recorded $195 million, showing a 43.2% increase. Other metals reached $129 million, rising by 70.3%. Plastics totaled $100 million, increasing by 34.9%, while fabric imports reached $76 million, reflecting a 30.4% growth. Other goods collectively accounted for $1.071 billion, marking a 26.4% increase.

However, four out of fourteen import categories experienced a decline. Petroleum imports decreased by 2.5%, totaling $372 million. Steel imports fell by 7.5%, reaching $138 million. Household electrical appliances and components dropped by 22.4%, amounting to $52 million. Corn imports recorded a significant decline of 44.3%, totaling only $44 million.