Vietnam's trade deficit declined to USD 1.73 billion in May of 2022 from USD 2.07 billion in the same month a year earlier, preliminary data showed. It was the first deficit in balance trade in three months, as exports rose more than imports. Exports grew 16.4 percent from a year earlier to USD 30.48 billion, while imports increased at a softer 12.9 percent to USD 32.21 billion. Considering the first five months of the year, the trade goods posted a surplus of USD 0.52 billion, with exports increasing by 16.3 percent from a year earlier to USD 152.81 billion while imports rising 14.9 percent to USD 152.29 billion. source: General Statistics Office of Vietnam
Balance of Trade in Vietnam averaged -0.15 USD Billion from 1990 until 2022, reaching an all time high of 4.99 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 June of 2022.
Balance of Trade in Vietnam is expected to be 0.80 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Balance of Trade is projected to trend around 1.80 USD Billion in 2023, according to our econometric models.