Vietnam’s trade surplus declined to USD 1.7 billion in August 2019 from a USD 2.2 billion in the same month a year earlier, as exports rose less than imports. Exports increased 4.5 percent over a year earlier to USD 24.50 billion, boosted by sales of gemstones, precious metals (714.6 percent); footwear (14.3 percent); electronics, computers and components (12.9 percent); means of transports and spare parts (10.1 percent); and phone and component (7 percent). Meantime, imports rose at a faster 7.5 percent to USD 22.8 billion, mainly due to purchases of transportation and spare parts (620.4 percent); coal (102.3 percent); electronics, computers and components (22.2 percent); and machinery, equipment, tools and spare parts (15.5 percent). Considering January to August, the country's trade surplus narrowed to USD 3.4 billion from USD 4.8 billion in the same period of 2018. Balance of Trade in Vietnam averaged -307.80 USD Million from 1990 until 2019, reaching an all time high of 2258 USD Million in March of 2018 and a record low of -3888 USD Million in December of 1996.

Balance of Trade in Vietnam is expected to be 100.00 USD Million 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 2000.00 in 12 months time. In the long-term, the Vietnam Balance of Trade is projected to trend around 1600.00 USD Million in 2020, according to our econometric models.

Vietnam Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 03:00 AM Balance of Trade May $-1300M $-550M $-620M
2019-06-28 02:00 AM Balance of Trade Jun $400M $-1300M $ 100M
2019-07-29 02:00 AM Balance of Trade Jul $200M $1940M $-230M
2019-08-29 02:00 AM Balance of Trade Aug $1700M $43M $1870M
2019-09-29 02:00 AM Balance of Trade Sep $1700M $ 1000M
2019-10-29 02:00 AM Balance of Trade Oct $510M
2019-11-29 02:00 AM Balance of Trade Nov $90M


Vietnam Trade Last Previous Highest Lowest Unit
Balance of Trade 1700.00 43.00 2258.00 -3888.00 USD Million [+]
Current Account -107.00 1976.00 9471.00 -10823.00 USD Million [+]
Current Account to GDP 3.00 2.90 6.00 -12.70 percent [+]
Imports 22800.00 22936.00 23190.00 740.00 USD Million [+]
Exports 24500.00 22979.00 24500.00 537.00 USD Million [+]
External Debt 104079.00 85642.00 104079.00 10345.00 USD Million [+]
Terms of Trade 101.89 100.50 109.77 94.81 Index Points [+]
Foreign Direct Investment 11.96 10.55 19.10 0.40 USD Billion [+]
Tourist Arrivals 1512.40 1315.80 1588.20 529.40 Thousand [+]
Terrorism Index 0.66 0.00 0.66 0.00 [+]
Capital Flows 835.00 7691.00 10710.00 -5250.00 USD Million [+]
Crude Oil Production 236.00 233.00 415.00 125.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Vietnam Balance of Trade

Since 2012, Vietnam’s has been reporting trade trade surpluses more frequently as exports growth have been stronger than imports. In 2017, trade deficits were recorded with South Korea, China, Taiwan, Thailand, Singapore and Argentina. Vietnam recorded trade surpluses with the United States, Netherlands, Hong Kong, United Kingdom, United Arab Emirates and Austria. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1700.00 43.00 2258.00 -3888.00 1990 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.26 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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