Vietnam’s Exports to US Dip in August Amid New Tariffs

Vietnam's exports to the United States—its largest export market—fell 2% from the previous month to USD 13.94 billion in August 2025, due to the imposition of new US tariffs, according to data released by Vietnamese Customs on Tuesday. In July, the US and Vietnam signed a trade agreement under which the US would impose a 20% tariff on imports from Vietnam—significantly lower than the previously threatened 46% levy in April, but higher than the 10% rate imposed during a 90-day reprieve. Despite the monthly decline, Vietnam's exports to the US rose 18.3% year-on-year in August and surged 26.4% in the first eight months of 2025, reaching a total of USD 99.1 billion. In 2024, shipments to the US accounted for approximately 30% of Vietnam’s GDP. Meanwhile, Vietnam’s overall exports rose 14.5% year-on-year to USD 43.39 billion in August. Year-to-date, total exports increased 14.8% to USD 305.96 billion.