Vietnam Trade Balance Swings to Deficit

2026-08-03 02:28 By Jereli Escobar 1 min. read

Vietnam recorded a trade deficit of USD 3.6 billion in July 2026, shifting from a surplus of USD 2.3 billion in the corresponding month a year earlier.

Exports rose 25% year-on-year to USD 53.1 billion, while imports jumped 41.4% to USD 56.7 billion.

In the January-July period, the country posted a trade deficit of USD 20.5 billion, with exports increased 21.7% to USD 319.53 billion, while imports climbed 34.8% to USD 340.1billion.

The cumulative deficit has already exceeded previous full-year record of about USD 18 billion set in 2008, with higher fuel costs contributing to import growth.

Processed industrial goods accounted for an estimated USD 287.9 billion, or 90.1% of total exports.

The US remained the largest export market, with exports estimated at USD 104.7 billion.

Meanwhile, imports of production materials were estimated at USD 320 billion, representing 94.1% of total imports.

China remained the largest source of imports, with import turnover estimated at USD 138.6 billion.



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Vietnam Trade Balance Swings to Deficit
Vietnam recorded a trade deficit of USD 3.6 billion in July 2026, shifting from a surplus of USD 2.3 billion in the corresponding month a year earlier. Exports rose 25% year-on-year to USD 53.1 billion, while imports jumped 41.4% to USD 56.7 billion. In the January-July period, the country posted a trade deficit of USD 20.5 billion, with exports increased 21.7% to USD 319.53 billion, while imports climbed 34.8% to USD 340.1billion. The cumulative deficit has already exceeded previous full-year record of about USD 18 billion set in 2008, with higher fuel costs contributing to import growth. Processed industrial goods accounted for an estimated USD 287.9 billion, or 90.1% of total exports. The US remained the largest export market, with exports estimated at USD 104.7 billion. Meanwhile, imports of production materials were estimated at USD 320 billion, representing 94.1% of total imports. China remained the largest source of imports, with import turnover estimated at USD 138.6 billion.
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