Vietnam Balance of Trade

Last Release

Jan 31, 2025

Actual

3.03

Units In

USD Billion

0.52

Frequency

Monthly

Next Release

Mar 06, 2025

Time to Release

26 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
4.99 Aug 2020	-3.89 Dec 1996	0.06 USD Billion	1990-2025	General Statistics Office of Vietnam

Since 2012, Vietnam’s has been reporting trade trade surpluses more frequently as exports growth have been stronger than imports. In 2017, trade deficits were recorded with South Korea, China, Taiwan, Thailand, Singapore and Argentina. Vietnam recorded trade surpluses with the United States, Netherlands, Hong Kong, United Kingdom, United Arab Emirates and Austria.

Latest Updates

Vietnam’s trade surplus on goods declined slightly to USD 3.03 billion in January 2025, down from USD 3.63 billion in the same month last year. This marked the eighth consecutive month of gains in merchandise trade, with exports falling more than imports due to the Lunar New Year holidays. Exports shrank by 4.3% compared to a year earlier, totaling USD 33.09 billion, while imports dropped 2.6% to USD 30.06 billion. Total shipments of processed industrial goods reached USD 29.43 billion, accounting for 89.0% of total exports. Meanwhile, imports of production materials totaled USD 28.26 billion, representing 94.0% of total purchases. The US was Vietnam's largest export market, with a turnover of USD 9.8 billion, while China was the country's largest import market, with a turnover of USD 11.6 billion. In 2024, the country registered a surplus of USD 24.77 billion.