Vietnam: Merchandise exports decelerates in November
Latest reading: Merchandise exports growth cooled to 8.2% in annual terms in November (October: +10.1% yoy), marking the softest increase since February and surprising markets on the downside. Meanwhile, merchandise imports expanded 9.8% in annual terms in November (October: +13.6% yoy), marking the weakest reading since March.
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.1 billion surplus in November (October 2024: USD 2.0 billion surplus; November 2023: USD 1.4 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 25.5 billion surplus in November, compared to the USD 25.9 billion surplus in October.