Vietnam's export surge led by electronics as agriculture faces pricing pressures

Vietnam's exports to the United States reached nearly $70 billion in the first five months of 2026, a 21.7 % increase year‑on‑year. Growth was driven primarily by computers, electronics and related components, which generated $22.5 billion – up 54.9 % – accounting for about 64 % of the total increase. Other industrial categories such as machinery, transport equipment and chemicals also posted solid gains, while traditional items like wood products, seafood and certain agricultural goods saw declines.

In the northern province of Thanh Hòa, export value surpassed $2.9 billion despite global trade volatility. Local producers diversified product lines and sought new markets, yet faced challenges such as sharply falling pineapple prices (about 4,000‑5,000 VND/kg) and reduced demand for certain crops. The provincial authorities highlighted ongoing policy support, the OCOP programme’s role in rural development, and new certification for fragrant rice exports to the EU and the United Kingdom under FTAs.

Overall, the data indicate a structural shift in Vietnam’s export basket toward higher‑value electronics, while agricultural sectors grapple with price squeezes and the need for market expansion.