In the first months of 2025, trade between Vietnam and Germany witnessed robust growth, marking a positive recovery in both exports and imports.
1. Export Performance
All major Vietnamese export categories to Germany recorded positive growth:
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Construction materials: up 86.8%
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Agricultural and aquatic products: up 74%
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Manufactured and processed goods: up 16.23%
These results highlight the strong recovery of Vietnam’s export sectors and the rising demand from Germany, Vietnam’s leading trading partner in Europe.
2. Import Performance
Most import categories from Germany also increased compared to the same period last year, except for chemicals.
Key import figures include:
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Machinery, equipment, tools, and spare parts: USD 436.4 million (up 14%)
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Pharmaceuticals: USD 145.5 million (up 39.8%)
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Chemicals: USD 110.6 million (down 6.9%)
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Chemical products: USD 82.6 million (up 9.4%)
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Computers, electronic products, and components: USD 56.3 million (up 16.9%)
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Plastic products: USD 30.8 million (up 18.7%)
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Automobile parts and accessories: USD 24.2 million (up 59.3%)
With these impressive results, Germany has regained its position as Vietnam’s largest trading partner in Europe, after briefly dropping to second place in 2024.
3. Germany’s Economic Recovery Supports Trade Growth
The trade expansion between Vietnam and Germany aligns with signs of recovery in the German economy.
According to data from the Federal Statistical Office of Germany, the country’s GDP grew by 0.5% in Q1 2025 compared to the previous quarter, marking its first positive growth after two consecutive years of recession.
Additionally, Germany’s total trade value in the first three months of 2025 rose nearly 3%, with exports reaching €394.3 billion (up 0.9%) and imports at €339.7 billion (up 5.1%).