Vietnam-Singapore trade nears S$42.8 billion as imports climb

Singapore bought S$19.4 billion worth of goods from Vietnam during January–September 2026, an increase of 123.2% against the year-earlier period, Singapore’s figures showed. Trade between the countries totalled nearly S$42.8 billion, rising 46.8%.

That bilateral increase compared with growth of 36.9% in Singapore’s foreign trade overall. Vietnam supplied 3% of Singapore’s imports, versus 1.8% previously.

Exports bound for Vietnam from Singapore rose 14.3%, reaching S$23.4 billion. Singapore-made goods contributed S$6.4 billion, an increase of 15.1%, while re-exports grew 14% to nearly S$17 billion.

Counting re-exports, Singapore’s surplus with Vietnam stood at S$4 billion over the nine months. On a basis counting only Singapore’s domestically produced exports, it instead had a deficit of S$12.9 billion.

For September, trade between the two countries approached S$5.2 billion, up 61.6% from a year earlier. Vietnam received nearly S$3 billion in exports from Singapore, a rise of 35.6%. Singapore’s purchases from Vietnam exceeded S$2.2 billion, growing 115.9%.

Enterprise Singapore data put imports of electrical machinery and related equipment and parts from Vietnam at S$9.5 billion. The category grew 118.8% and represented 49.2% of Singapore’s imports from Vietnam.

The Vietnam Trade Office in Singapore said investment in AI and semiconductors in Singapore partly explained the growth. It said this investment was lifting electronics activity and demand for equipment and components supplied by regional manufacturing centres, Vietnam among them.