Latest reading: Merchandise exports increased 4.4% year-on-year in August (July: +7.2% year-on-year). The figure marked the softest expansion since February...
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.
Latest Global Trade News
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China: Merchandise exports increase in August -
Taiwan: Merchandise exports continue to surge in August Latest reading: Merchandise exports soared 34.1% over the same month last year in August, on the heels of July’s 42.0%... -
Korea: Merchandise exports rise at a slower rate in August Latest reading: Merchandise exports increased 1.3% year-on-year in August (July: +5.8% year-on-year). This was less than half market expectations, with... -
Philippines: Merchandise exports grow at a more moderate pace in July Latest reading: Merchandise exports jumped 17.3% in annual terms in July (June: +26.9% year-on-year). Meanwhile, merchandise imports expanded 2.3% on... -
Thailand: Merchandise exports growth slows in July Latest reading: Merchandise exports climbed 9.6% year on year in July, on the heels of June’s 16.0% upturn. The figure... -
Mexico: Merchandise exports rise at a more moderate rate in July Latest reading: Merchandise exports rose 4.0% annually in July (June: +10.6% year-on-year) on stronger sales of manufactured and mining goods.... -
Indonesia: Merchandise exports gain steam in June Latest reading: Merchandise exports shot up 13.1% in annual terms in June, on the heels of May’s 9.3% increase. Meanwhile,...