Latest reading: Merchandise exports soared 15.1% annually in May, on the heels of April’s 7.6% rise. May’s result marked the...
Merchandise Exports in Vietnam
Merchandise exports were worth USD 406 billion in 2024 in Vietnam compared to USD 150 billion ten years earlier, and averaged USD 150 billion over the last decade. For more exports information, visit our dedicated page.
Vietnam Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for Vietnam from 2024 to 2021.
Source: Macrobond.
Vietnam Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 283 | 336 | 372 | 355 | 406 |
| Merchandise Exports (ann. var. %) | 7.0 | 18.9 | 10.6 | -4.6 | 14.4 |
Merchandise exports rise at a faster pace in May
Latest reading: Merchandise exports jumped 22.7% over the same month last year in May (April: +20.6% yoy), overshooting market expectations. Meanwhile, merchandise imports shot up 19.3% in annual terms in May (April: +23.0% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.6 billion surplus in May (April 2025: USD 0.6 billion surplus; May 2024: USD 0.5 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 19.9 billion surplus in May, compared to the USD 18.9 billion surplus in April.
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 merchandise exports 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 merchandise exports forecast available for Vietnamese merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese merchandise exports projections.
Want to get access to the full dataset of Vietnamese merchandise exports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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