Trade Trend

In 2023, Vietnam's total export value is 340.90Billion USD, total import value is 348.50Billion USD, Deficit is -7.59Billion USD, and foreign trade dependency is 1.604. In 2023，Vietnam's top export products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(48.51Billion USD), Flat panel display modules, whether or not incorporating touchsensitive screens(18.98Billion USD), Electronic integrated circuits(11.60Billion USD), top export destinations are United States(92.99Billion USD), China(55.86Billion USD), South Korea(23.25Billion USD). In 2023, Vietnam's top import products are Electronic integrated circuits(48.20Billion USD), Flat panel display modules, whether or not incorporating touchsensitive screens(16.80Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(9.84Billion USD), top import origins are China(118.50Billion USD), South Korea(55.55Billion USD), Japan(24.20Billion USD).

Comparing to 2022, Vietnam's total export value decreased -30.00Billion USD(-8.09%) in 2023, this could result from its export decreases of products such as Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(-29.99Billion USD or -38.20%), Footwear; with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials(-3.24Billion USD or -26.90%), Transmission apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8524 to 8528(-2.61Billion USD or -68.82%) and export decreases to countries/economics such as United States(-16.47Billion USD or -15.05%), None(-3.97Billion USD or -74.73%), Germany(-2.06Billion USD or -22.95%). Comparing to 2022, Vietnam's total import value decreased -10.29Billion USD(-2.87%) in 2023, this could result from its import decreases of products such as Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(-15.00Billion USD or -60.39%), Electronic integrated circuits(-6.14Billion USD or -11.30%), Transmission apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8524 to 8528(-2.05Billion USD or -37.73%), and its import decreases from countries/economies such as South Korea(-6.50Billion USD or -10.48%), None(-4.25Billion USD or -72.74%), Taiwan CN(-3.48Billion USD or -15.39%).

Cumulated to first 7 months of 2024, Vietnam's total export value is 149.17Billion USD, total import value is 154.25Billion USD, and tradedeficit is -5.08Billion USD. Cumulated to first 7 months of 2024, Vietnam's top export products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(22.67Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(7.41Billion USD), Flat panel display modules, whether or not incorporating touchsensitive screens(6.56Billion USD), and top export destinations are United States(45.31Billion USD), China(23.73Billion USD), South Korea(10.19Billion USD). Cumulated to first 7 months of 2024, Vietnam's top import products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(22.67Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(7.41Billion USD), Flat panel display modules, whether or not incorporating touchsensitive screens(6.56Billion USD), and top import origins areChina(59.24Billion USD), South Korea(23.55Billion USD), United States(10.03Billion USD).