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.

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Vietnam Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 02:00 AM Apr $1.07B $2.05B $2.1B
2022-05-29 02:00 AM May $-1.73B $0.85B $0.8B
2022-06-29 02:00 AM Jun $-1.73B $ 0.8B


Related Last Previous Unit Reference
Balance of Trade -1.73 0.85 USD Billion May 2022
Imports 32.21 32.47 USD Billion May 2022
Exports 30.48 33.32 USD Billion May 2022
Terms of Trade 103.28 101.50 points Dec 2020
Tourist Arrivals 172.95 101.37 Thousand May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.73 0.85 4.99 -3.89 1990 - 2022 USD Billion Monthly

News Stream
Vietnam Trade Gap Narrows in May
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.
2022-05-29
Vietnam Trade Balance Swings to Surplus
Vietnam posted a trade surplus of USD 1.07 billion in April of 2022, shifting from a deficit of USD 1.22 billion in the same month a year earlier, preliminary data showed. It was the second straight month of surplus in trade balance, amid a surge in exports. Exports jumped 25 percent from a year earlier to USD 33.26 billion, while imports grew at a softer 15.5 percent to USD 32.19 billion. Considering the first four months of the year, the trade goods recorded a surplus of USD 2.53 billion, with exports rising by 16.4 percent from a year earlier to USD 122.36 billion while imports increasing 15.7 percent to USD 119.83 billion.
2022-04-29
Vietnam Trade Surplus Widens in March
Vietnam's trade surplus widened to USD 1.39 billion in March of 2022 from USD 1.20 billion in the same month a year earlier, preliminary data showed. Exports grew 14.8 percent from a year earlier to USD 34.06 billion, while imports went up at a slightly softer 14.6 percent to USD 32.67 billion. Considering the first three months of the year, the trade goods posted a surplus of USD 0.81 billion, with exports increasing by 12.9 percent from a year earlier to USD 88.58 billion while imports rising 14.6 percent to USD 87.77 billion.
2022-03-29