Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior...
Merchandise Imports in Vietnam
Merchandise imports in Vietnam were worth USD 363 billion in 2024, compared to USD 138 billion ten years earlier, and they averaged USD 247 billion over the last decade. For more information on imports, visit our dedicated page.
Vietnam Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Vietnam from 2014 to 2024.
Source: Macrobond.
Vietnam Merchandise Imports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 252 | 320 | 342 | 311 | 363 |
| Merchandise Imports (ann. var. %) | 3.7 | 27.2 | 6.8 | -9.2 | 16.7 |
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.
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 imports 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 imports forecast available for Vietnamese merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese merchandise imports projections.
Want to get access to the full dataset of Vietnamese merchandise imports forecasts? Send an email to info@focus-economics.com.
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