Vietnam Balance of Trade

Vietnam’s trade surplus on goods increased to USD 2.29 billion in September 2024 from USD 2.20 billion in the same month of the previous year, marking the fourth consecutive month of merchandise gain. Shipments grew by 10.7% year-on-year to USD 34.05 billion, while imports rose by 11.1% to USD 31.76 billion. For the first nine months of the year, the trade surplus narrowed slightly to USD 20.79 billion from USD 22.1 billion in the same period last year, with exports and imports rising by 15.4% and 17.2%, respectively. The US is Vietnam’s largest export market, with an estimated turnover of USD 89.5 billion. During this period, shipments of industrial goods reached USD 263.47 billion, accounting for 87.9% of total exports. Meanwhile, China remained the biggest import market, with an approximate value of USD 105 billion. Imports of primary production materials totaled USD 261.5 billion, representing 93.8% of total purchases.