Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports...
Merchandise Trade Balance in Vietnam
The merchandise trade balance in Vietnam averaged USD 22.1 billion in the decade to 2024. The 2024 reading was USD 43.2 billion. For more information on trade, visit our dedicated page.
Vietnam Trade Chart
Note: This chart displays Trade Balance (USD billion) for Vietnam from 2014 to 2024.
Source: Macrobond.
Vietnam Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 30.7 | 15.7 | 29.4 | 44.0 | 43.2 |
Merchandise exports growth remains robust in June
Latest reading: Merchandise exports soared 17.4% annually in June (May: +22.7% year-on-year). The strong performance came largely on the back of frontloading of exports ahead of U.S. tariffs. Meanwhile, merchandise imports climbed 20.4% in annual terms in June (May: +19.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 2.9 billion surplus in June (May 2025: USD 0.6 billion surplus; June 2024: USD 3.2 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 19.5 billion surplus in June, compared to the USD 19.9 billion surplus in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Vietnamese trade projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Vietnamese trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese trade projections.
Want to get access to the full dataset of Vietnamese trade forecasts? Send an email to info@focus-economics.com.
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