Merchandise exports increase in August

Latest reading: Merchandise exports growth cooled to 14.8% in year-on-year terms in August from July’s 16.7% increase as front-loading activities ahead of U.S. tariffs began to fade. The figure marked the softest expansion since March. Meanwhile, merchandise imports climbed 17.6% over the same month last year in August (July: +18.1% yoy), marking the weakest reading since January 2025. As a result, the merchandise trade balance improved from the previous month, recording a USD 3.7 billion surplus in August (July 2025: USD 2.3 billion surplus; August 2024: USD 4.0 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 19.2 billion surplus in August, compared to the USD 19.5 billion surplus in July.

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.

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