Country intelligence · VNM · 2024

Viet Nam trade profile

In 2024, Viet Nam recorded $450.9B in merchandise exports and $381.2B in imports, producing a $69.7B trade surplus. Exports changed +13.7% from the previous year, while imports changed +15.7%.^[1]

Exports

$450.9B

+13.7%

Imports

$381.2B

+15.7%

Trade balance

$69.7B

surplus

Active partners

1080

102 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

ExportsImports

Exact annual values

Year	Exports	Imports	Balance	Export growth
2024	$450.9B	$381.2B	$69.7B	+13.7%
2023	$396.5B	$329.6B	$66.9B	-3.1%
2022	$409.3B	$364.1B	$45.2B	+12.1%
2021	$365.1B	$336.5B	$28.6B	+19.0%
2020	$306.8B	$273.3B	$33.6B	+7.5%
2019	$285.5B	$265.2B	$20.2B	+9.3%
2018	$261.1B	$252.3B	$8.8B	+12.3%
2017	$232.5B	$231.1B	$1.4B	+20.2%
2016	$193.4B	$192.6B	$797.8M	+10.2%
2015	$175.5B	$185.5B	-$10.0B	+13.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

HS 85 · Electrical machinery

262 active HS6 lines · 162 export partners

$177.8B

HS 84 · Machinery

515 active HS6 lines · 162 export partners

$56.3B

HS 64 · HS chapter

25 active HS6 lines · 152 export partners

$27.9B

HS 61 · HS chapter

106 active HS6 lines · 150 export partners

$18.0B

HS 62 · HS chapter

112 active HS6 lines · 148 export partners

$18.0B

HS 94 · HS chapter

42 active HS6 lines · 154 export partners

$16.0B

HS 39 · HS chapter

129 active HS6 lines · 159 export partners

$9.2B

HS 72 · HS chapter

167 active HS6 lines · 125 export partners

$9.1B

Leading export markets

Destinations rank bilateral export flows from Viet Nam; growth describes each corridor rather than the whole economy.

United States

Annual change +19.6% · 3-year CAGR 8.4%

$123.4B

China

Annual change +6.7% · 3-year CAGR 3.1%

$84.7B

South Korea

Annual change +11.7% · 3-year CAGR 6.4%

$27.0B

Japan

Annual change +9.5% · 3-year CAGR 7.3%

$26.0B

Germany

Annual change +12.6% · 3-year CAGR 8.1%

$12.4B

Mexico

Annual change +24.0% · 3-year CAGR 15.4%

$11.7B

India

Annual change +9.4% · 3-year CAGR 14.7%

$9.8B

Canada

Annual change +9.9% · 3-year CAGR 10.0%

$9.8B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sources Methodology Open country workspace