Net trade in goods and services in Vietnam
Vietnam: Net trade in goods and services was 32.84 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Vietnam, 1996–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Vietnam stood at 32.84 billion BoP, current US$.
Compared with earlier readings it is down 6.7% on the previous year and up 282.0% over ten years.
Over the whole period, net trade in goods and services in Vietnam peaked at 35.20 billion BoP, current US$ in 2023 and was at its lowest, -13.73 billion BoP, current US$, in 2008.
That places Vietnam 15th out of 199 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.45 billion BoP, current US$ | -2.84 billion BoP, current US$ | 425.00 million BoP, current US$ | 4 |
| 2000s | -4.91 billion BoP, current US$ | -13.73 billion BoP, current US$ | -91.00 million BoP, current US$ | 10 |
| 2010s | 5.88 billion BoP, current US$ | -7.60 billion BoP, current US$ | 19.14 billion BoP, current US$ | 10 |
| 2020s | 21.15 billion BoP, current US$ | 1.80 billion BoP, current US$ | 35.20 billion BoP, current US$ | 5 |
Countries ranked near Vietnam
More economy & growth data for Vietnam
- Gross capital formation 30.8% (2025)
- Changes in inventories 8.18 billion current US$ (2025)
- Changes in inventories 204.23 trillion current LCU (2025)
- GDP 6,763.10 trillion constant LCU (2025)
- Gross capital formation 158.50 billion current US$ (2025)
- Gross capital formation 3,956.43 trillion current LCU (2025)
- Gross capital formation 148.92 billion constant 2015 US$ (2025)
- Gross capital formation 8.7% (2025)
- GDP growth 8.0% (2025)
- External balance on goods and services 31.66 billion current US$ (2025)
Frequently asked questions
- What is net trade in goods and services in Vietnam?
- Net trade in goods and services in Vietnam was 32.84 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Vietnam?
- The highest recorded value was 35.20 billion BoP, current US$ in 2023.
- What is the lowest net trade in goods and services recorded in Vietnam?
- The lowest recorded value was -13.73 billion BoP, current US$ in 2008.
- How does Vietnam rank for net trade in goods and services?
- Vietnam ranks 15th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Vietnam?
- Over the last ten years it is up 282.0%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.