Merchandise Imports in Vietnam
In the year 2024, the merchandise imports in Vietnam was USD 361.9 billion, compared to USD 138.1 billion in 2014 and USD 310.7 billion in 2023. It averaged USD 247.2 billion over the last decade. For more imports information, visit our dedicated page.
Vietnam Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Vietnam from 2024 to 2023.
Source: Macrobond.
Vietnam Merchandise Imports Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Merchandise Imports (USD bn) | 243 | 252 | 320 | 342 | 311 |
Merchandise Imports (ann. var. %) | 7.0 | 3.7 | 27.2 | 6.8 | -9.2 |
Merchandise exports rebound in February
Latest reading: Merchandise exports rebounded 26.0% over the same month last year in February (January: -4.2% yoy), partly due to shifting Lunar New Year holidays and front-loading of shipments to the U.S., given reciprocal tariff risks. February’s result marked the most robust increase since January 2024 and exceeded market expectations. Meanwhile, merchandise imports shot up 40.1% on an annual basis in February (January: -2.7% yoy), marking the strongest reading since May 2021. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.5 billion deficit in February (January 2025: USD 3.0 billion surplus; February 2024: USD 1.4 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 20.4 billion surplus in February, compared to the USD 23.3 billion surplus in January.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Vietnamese merchandise imports projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Vietnamese merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Vietnamese merchandise imports projections.
Want to get access to the full dataset of Vietnamese merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
-
China: Merchandise exports grow at a milder pace in May Latest reading: Merchandise exports climbed 4.8% on an annual basis in May, on the heels of April’s 8.1% rise and... -
Taiwan: Merchandise exports accelerate in May Latest reading: Merchandise exports shot up 38.6% year-on-year in May (April: +29.9% year-on-year). May’s result marked the fastest expansion since... -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Indonesia: Merchandise exports grow at a slower pace in March Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked... -
Mexico: Merchandise exports increase in April Latest reading: Merchandise exports rose 5.8% in annual terms in April, following March’s 9.6% increase, amid higher mining and manufactured... -
Japan: Exports lose further steam in April Latest reading: Yen-denominated merchandise exports increased 2.0% annually in April. The print was in line with market expectations and was... -
Malaysia: Merchandise exports growth soars in April Latest reading: Merchandise exports jumped 25.7% on an annual basis in April (March: +13.6% year-on-year). April’s figure marked the strongest...