Vietnam skyline

Vietnam Trade

Vietnam Trade

Merchandise Trade Balance in Vietnam

The merchandise trade balance in Vietnam averaged USD 16.1 billion in the decade to 2022. The 2022 reading was USD 25.6 billion. For more trade information, visit our dedicated page.

Vietnam Trade Chart

Note: This chart displays Trade Balance (USD billion) for Vietnam from 2014 to 2023.
Source: State Bank of Vietnam.

Vietnam Trade Data

2018 2019 2020 2021 2022
Merchandise Trade Balance (USD bn) 16.5 21.2 30.7 15.7 29.4

Merchandise exports growth increases in May

Merchandise exports soared 17.0% annually in May, following April’s 11.0% upturn. Meanwhile, merchandise imports climbed 29.9% over the same month last year in May (April: +20.0% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.0 billion shortfall in May (April 2024: USD 0.7 billion surplus; May 2023: USD 2.0 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 26.0 billion surplus in May, compared to the USD 29.0 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 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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