Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
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 grow at a still-rapid rate in July
Latest reading: Merchandise exports rose 16.6% year on year in July, following June’s 17.4% increase, as front-loading activities continued ahead of U.S. tariffs. Meanwhile, merchandise imports soared 18.1% over the same month last year in July (June: +20.4% yoy), marking the weakest reading since January 2025. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.3 billion surplus in July (June 2025: USD 2.9 billion surplus; July 2024: USD 2.4 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 19.5 billion surplus in July, compared to the USD 19.6 billion surplus in June.
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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