Net trade in goods in Vietnam
Vietnam: Net trade in goods was 43.42 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods in Vietnam, 1996–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Vietnam is 43.42 billion BoP, current US$, measured in 2024.
That represents a change of down 1.4% on the previous year and up 258.1% over ten years.
Over the whole period, net trade in goods in Vietnam peaked at 44.03 billion BoP, current US$ in 2023 and was at its lowest, -12.78 billion BoP, current US$, in 2008.
That places Vietnam 15th out of 200 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Vietnam, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1996 | -2.77 billion BoP, current US$ | — |
| 1997 | -1.25 billion BoP, current US$ | -55.1% |
| 1998 | -989.00 million BoP, current US$ | -20.7% |
| 1999 | 972.00 million BoP, current US$ | -198.3% |
| 2000 | 375.00 million BoP, current US$ | -61.4% |
| 2001 | 481.00 million BoP, current US$ | +28.3% |
| 2002 | -1.05 billion BoP, current US$ | -319.1% |
| 2003 | -2.58 billion BoP, current US$ | +144.9% |
| 2004 | -2.29 billion BoP, current US$ | -11.4% |
| 2005 | -2.44 billion BoP, current US$ | +6.7% |
| 2006 | -2.78 billion BoP, current US$ | +13.8% |
| 2007 | -10.44 billion BoP, current US$ | +276.1% |
| 2008 | -12.78 billion BoP, current US$ | +22.5% |
| 2009 | -7.61 billion BoP, current US$ | -40.5% |
| 2010 | -5.14 billion BoP, current US$ | -32.5% |
| 2011 | -450.00 million BoP, current US$ | -91.2% |
| 2012 | 9.91 billion BoP, current US$ | -2302.9% |
| 2013 | 8.71 billion BoP, current US$ | -12.1% |
| 2014 | 12.13 billion BoP, current US$ | +39.2% |
| 2015 | 7.37 billion BoP, current US$ | -39.2% |
| 2016 | 11.04 billion BoP, current US$ | +49.7% |
| 2017 | 10.85 billion BoP, current US$ | -1.8% |
| 2018 | 16.54 billion BoP, current US$ | +52.5% |
| 2019 | 21.49 billion BoP, current US$ | +30.0% |
| 2020 | 30.71 billion BoP, current US$ | +42.9% |
| 2021 | 17.47 billion BoP, current US$ | -43.1% |
| 2022 | 29.40 billion BoP, current US$ | +68.3% |
| 2023 | 44.03 billion BoP, current US$ | +49.8% |
| 2024 | 43.42 billion BoP, current US$ | -1.4% |
Vietnam compared with similar countries
- Vietnam's 43.42 billion BoP, current US$ is above the median for upper middle income countries, which is -544.73 million BoP, current US$. (57 countries reporting)
- Vietnam's 43.42 billion BoP, current US$ is above the median for East Asia & Pacific, which is -98.47 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods in Vietnam changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +2302.9% | -450.00 million BoP, current US$ | 9.91 billion BoP, current US$ |
| 2002 | -319.1% | 481.00 million BoP, current US$ | -1.05 billion BoP, current US$ |
| 2007 | -276.1% | -2.78 billion BoP, current US$ | -10.44 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.01 billion BoP, current US$ | -2.77 billion BoP, current US$ | 972.00 million BoP, current US$ | 4 |
| 2000s | -4.11 billion BoP, current US$ | -12.78 billion BoP, current US$ | 481.00 million BoP, current US$ | 10 |
| 2010s | 9.25 billion BoP, current US$ | -5.14 billion BoP, current US$ | 21.49 billion BoP, current US$ | 10 |
| 2020s | 33.00 billion BoP, current US$ | 17.47 billion BoP, current US$ | 44.03 billion BoP, current US$ | 5 |
Countries ranked near Vietnam
More economy & growth data for Vietnam
- Foreign direct investment, net outflows (BoP, current US$), gaps 600.00 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.94 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 20.17 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.03 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0423 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 199.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 3.01 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1663 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 842.34 includes gold, current US$ per person (2025)
Frequently asked questions
- What is net trade in goods in Vietnam?
- Net trade in goods in Vietnam was 43.42 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 recorded in Vietnam?
- The highest recorded value was 44.03 billion BoP, current US$ in 2023.
- What is the lowest net trade in goods recorded in Vietnam?
- The lowest recorded value was -12.78 billion BoP, current US$ in 2008.
- How does Vietnam rank for net trade in goods?
- Vietnam ranks 15th out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Vietnam?
- Over the last ten years it is up 258.1%. 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 (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 is the difference between the exports and imports of goods. 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.