Vietnam’s trade deficit widened to USD 1.3 billion in May of 2019 from USD 0.81 billion in the same month a year earlier. It was the largest trade gap since February 2017, as imports increased 8.3 percent from a year earlier to USD 22.8 billion, mainly due to higher purchases of vegetables and fruits (64.9 percent); electronic, computers and components (13.5 percent); phone and components (36.2 percent), and cars (25.8 percent). Meantime, exports went up at a softer 7.5 percent to USD 21.5 billion, boosted by higher sales of chemicals (57.3 pct); vegetables and fruits (15.8 percent); phones and components (19.5 percent); vegetables and fruits (15.8 percent); footwear (13.8 percent); and textiles and garments (10.8 percent). Considering the first five months of the year, the country's trade balance recorded a USD 548 million shortfall, as exports rose 6.7 percent year-on-year to USD 100.7 billion and imports went up 10.3 percent to USD 101.3 billion. 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
2019-02-28 03:00 AM Balance of Trade $-900M $816M
2019-03-29 02:00 AM Balance of Trade $600M $-768.2M
2019-04-29 02:00 AM Balance of Trade $-700M $1600M $750M
2019-05-29 03:00 AM Balance of Trade $-1300M $-550M $-620M
2019-06-29 02:00 AM Balance of Trade $-1300M $ 100M
2019-07-29 02:00 AM Balance of Trade $-230M
2019-08-29 02:00 AM Balance of Trade $1870M


Vietnam Trade Last Previous Highest Lowest Unit
Balance of Trade -1300.00 -550.00 2258.00 -3888.00 USD Million [+]
Current Account 1244.00 4300.00 9471.00 -10823.00 USD Million [+]
Current Account to GDP 3.00 2.90 6.00 -12.70 percent [+]
Imports 22800.00 20990.00 22800.00 740.00 USD Million [+]
Exports 21500.00 20440.00 23480.00 537.00 USD Million [+]
External Debt 109178.60 86952.00 109178.60 10345.00 USD Million [+]
Terms of Trade 100.50 103.42 109.77 94.81 Index Points [+]
Foreign Direct Investment 7.30 5.70 19.10 0.40 USD Billion [+]
Tourist Arrivals 1326.70 1468.80 1588.20 529.40 Thousand [+]
Terrorism Index 0.66 0.00 0.66 0.00 [+]
Capital Flows 2295.00 3000.00 10710.00 -5250.00 USD Million [+]
Crude Oil Production 233.00 228.00 415.00 125.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1300.00 -550.00 2258.00 -3888.00 1990 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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