Net trade in goods and services in Viet Nam
Viet Nam: Net trade in goods and services was 32.84 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Viet Nam, 1996–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Viet Nam stood at 32.84 billion BoP, current US$.
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 Viet Nam peaked at 35.20 billion BoP, current US$ in 2023 and was at its lowest, -13.73 billion BoP, current US$, in 2008.
That places Viet Nam 15th out of 199 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Viet Nam, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1996 | -2.84 billion BoP, current US$ | — |
| 1997 | -1.87 billion BoP, current US$ | -34.1% |
| 1998 | -1.52 billion BoP, current US$ | -18.8% |
| 1999 | 425.00 million BoP, current US$ | -128.0% |
| 2000 | -175.00 million BoP, current US$ | -141.2% |
| 2001 | -91.00 million BoP, current US$ | -48.0% |
| 2002 | -1.80 billion BoP, current US$ | +1882.4% |
| 2003 | -3.36 billion BoP, current US$ | +86.2% |
| 2004 | -3.16 billion BoP, current US$ | -6.0% |
| 2005 | -2.74 billion BoP, current US$ | -13.4% |
| 2006 | -2.78 billion BoP, current US$ | +1.8% |
| 2007 | -11.19 billion BoP, current US$ | +302.1% |
| 2008 | -13.73 billion BoP, current US$ | +22.7% |
| 2009 | -10.03 billion BoP, current US$ | -27.0% |
| 2010 | -7.60 billion BoP, current US$ | -24.2% |
| 2011 | -3.43 billion BoP, current US$ | -54.9% |
| 2012 | 7.45 billion BoP, current US$ | -317.1% |
| 2013 | 5.60 billion BoP, current US$ | -24.7% |
| 2014 | 8.60 billion BoP, current US$ | +53.4% |
| 2015 | 2.61 billion BoP, current US$ | -69.6% |
| 2016 | 6.78 billion BoP, current US$ | +160.0% |
| 2017 | 6.82 billion BoP, current US$ | +0.5% |
| 2018 | 12.86 billion BoP, current US$ | +88.7% |
| 2019 | 19.14 billion BoP, current US$ | +48.9% |
| 2020 | 20.42 billion BoP, current US$ | +6.7% |
| 2021 | 1.80 billion BoP, current US$ | -91.2% |
| 2022 | 15.49 billion BoP, current US$ | +761.3% |
| 2023 | 35.20 billion BoP, current US$ | +127.2% |
| 2024 | 32.84 billion BoP, current US$ | -6.7% |
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 Viet Nam
More economy & growth data for Viet Nam
- GNI, Atlas method (current US$), annual growth rate 11.5 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9818 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 4,974 current US$ per person (2025)
- GNI (current US$), annual growth rate 8.59 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9718 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 4,923 current US$ per person (2025)
- GNI (current LCU), annual growth rate 12.17 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 24,259 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 122.89 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.66 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods and services in Viet Nam?
- Net trade in goods and services in Viet Nam was 32.84 billion BoP, current US$ 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 Viet Nam?
- 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 Viet Nam?
- The lowest recorded value was -13.73 billion BoP, current US$ in 2008.
- How does Viet Nam rank for net trade in goods and services?
- Viet Nam ranks 15th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Viet Nam?
- Over the last ten years it is up 282.0%. The long-run trend across the full record is volatile.
- Where does this Viet Nam 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.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.