Vietnam’s trade surplus widened to USD 3.5 billion in September 2020 from USD 1.6 billion in the same month a year earlier, a preliminary estimate showed. Exports jumped 17.5 percent to USD 27.5 billion. Meanwhile, imports increased at a softer by 10.6 percent to USD 24 billion. Considering the first nine months of the year, the trade surplus was USD 16.99 billion, as exports were up 4.2 percent from a year earlier to USD 202.86 billion, while imports fell 0.8 percent to USD 185.87 billion.
Balance of Trade in Vietnam averaged -0.21 USD Billion from 1990 until 2020, reaching an all time high of 4.98 USD Billion in August of 2020 and a record low of -3.89 USD Billion in December of 1996. This page provides the latest reported value for - Vietnam Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Balance of Trade in Vietnam is expected to be 0.60 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Vietnam to stand at 2.10 in 12 months time. In the long-term, the Vietnam Balance of Trade is projected to trend around 1600.00 USD Billion in 2021 and 1.80 USD Billion in 2022, according to our econometric models.