That marked a 26.2% increase from the previous peak of S$31.67 billion in 2024, the Vietnam Trade Office in Singapore said, citing data from Singapore’s Accounting and Corporate Regulatory Authority.
Singapore’s exports to Vietnam totaled S$26.8 billion during the year, up 16.1%, while imports from Vietnam climbed 53.2% to S$13.1 billion.
Considering only goods of Singaporean and Vietnamese origin, Vietnam recorded a trade surplus of more than S$5.8 billion.
In December alone, Singapore’s trade with Vietnam reached nearly S$4 billion, representing a year-on-year increase of 30.1%.
October and December emerged as notable highlights, as Singapore’s imports from Vietnam jumped by 109.3% and 113.6%, respectively, from a year earlier.
For the full year, machinery and electrical equipment and parts, together with fuels, mineral oils and products of their distillation, bituminous substances and mineral waxes (HS 27), remained Singapore’s two largest export categories to Vietnam with combined shipments valued at S$18.1 billion. These accounted for 67.6% of the city-state’s total exports to Vietnam.
Machinery and electrical equipment were also Singapore’s largest imports from Vietnam last year, valued at over S$6.7 billion, up 112% from 2024 and accounting for 51.2% of total imports.
Other key items included machinery and glass products, with steady growth across multiple manufacturing segments.
According to Cao Xuan Thang, Vietnam’s Trade Counselor in Singapore, the strong results reflect sustained trade promotion efforts, effective implementation of free trade agreements and bilateral arrangements, as well as close coordination between ministries, sectors, localities, industry associations and businesses, with the trade office playing a key role in facilitating trade and business connectivity.
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