Vietnam's trade surplus shrank to USD 880 million in March of 2020 from USD 1630 million in the same month of the previous year.

Balance of Trade in Vietnam averaged -247.96 USD Million from 1990 until 2020, reaching an all time high of 3435 USD Million in August of 2019 and a record low of -3888 USD Million 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 April of 2020.

Balance of Trade in Vietnam is expected to be 500.00 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 1000.00 in 12 months time. In the long-term, the Vietnam Balance of Trade is projected to trend around 1600.00 USD Million in 2021, according to our econometric models.

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Vietnam Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
880.00 236.00 3435.00 -3888.00 1990 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-12-27 06:30 AM Dec $-1000M $1500M $ -100M
2020-01-29 02:00 AM Jan $-100M $259M $990M
2020-02-29 02:00 AM Feb S100M $-280M $960M
2020-03-27 06:30 AM Mar $880M $236M $ 900M
2020-04-29 02:00 AM Apr $880M
2020-05-29 03:00 AM May
2020-06-28 02:00 AM Jun $ 500M
2020-07-29 02:00 AM Jul

News Stream
Vietnam Trade Surplus Revised Higher
Vietnam recorded a trade surplus of USD 2,300 million in February 2020, wider than a preliminary estimate of USD 100 million surplus and compared to last year's USD 760 million deficit. Exports increased 13.8 percent to USD 20.85 billion, while imports were down 0.1 percent to USD 18.58 billion. For the first two months of this year, Vietnam posted a trade surplus of USD 1.8 billion, with exports climbing 8.4 percent and imports rising 2.9 percent.
Vietnam Trade Balance Swings to Surplus
Vietnam posted a trade surplus of USD 0.10 billion in February 2020, shifting from a USD 0.76 billion deficit in the same month a year earlier, a preliminary estimate showed. Exports jumped 34 percent to USD 18.6 billion. Meanwhile imports rose at a softer 26 percent to USD 18.5 billion. Considering the first two months of the year, exports grew 2.4 percent from a year earlier to USD 36.92 billion, while imports went up 2.4 percent to USD 37.10 billion, bringing a trade gap of USD 176 million. The export and import activities of Vietnam negatively affected by the Covid-19 epidemic, mainly bosted by the launch of Samsung's new products in February, the statistics bureau in its statement.
Vietnam Trade Deficit Larger than Initially Thought
Vietnam recorded a trade deficit of USD 280 million in January 2020, revised from a government estimate of a USD 100 million deficit, customs data showed. Exports tumbled 17.4 percent from a year earlier to USD 18.32 billion, while imports were down 13.7 percent to USD 18.60 billion. The weak figures came in amid the week-long Lunar New Year holiday in late January and the China's coronavirus epidemic.
Vietnam Posts Trade Gap for the First Time in 7 Months
Vietnam posted a trade deficit of USD 0.1 billion in January 2020, shifting from a USD 0.82 billion surplus in the same month a year earlier, a preliminary estimate showed. This was the first trade deficit since May last year, as exports fell more than imports. Exports dropped 14.3 percent to USD 19 billion, boosted by sales of phones and components (-22.4%); textiles and garments (-21%);footwear (-9.7%); machinery, equipment and spare part (-6.5%). Conversely, exports rose for: electronics, computers and components (5.6%), wood and wooden products (1.4%). Exports fell to the US, Vietnam's largest export market (-7.6%), the EU countries (-30.8%), the ASEAN countries (-34.8%), Japan (-15.8%), and South Korea (-29.3%), while rose to China (32.8%). Meanwhile imports declined at a softer 11.3 percent to USD 19.10 billion, mainly due to purchases of phone and components (-9.5%), plastic (-19.3%); iron and steel (-26%); and electronics, computers and components (-8.5%).

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.