Vietnam’s exports stood at 59.34 billion USD in the first two months of this year, while imports totalled 54.62 billion USD. The trade surplus was therefore 4.72 billion USD, the highest since 2009.
Vietnam continued its streak of trade surpluses in 2023, making it eight consecutive years, with an estimated 26 billion USD, or nearly triple the figure in 2022 and a new record.
Along with sound political relations, economic-trade ties have been one of the most successful endeavours within Vietnam-US relations. The US is currently one of Vietnam’s largest trading partners.
Vietnam’s total import-export turnover of goods hit 435.23 billion USD in the first eight months of this year, with the country posting a trade surplus of 20.19 billion USD.
Vietnam’s total import-export turnover of goods hit 374.23 billion USD in the first seven months of this year, with the country posting a trade surplus of some 15.23 billion USD.
Vietnam has posted a trade surplus of 9.8 billion USD in the first five months of the year, with export revenue standing at over 136 billion USD and import revenue at more than 126 billion USD, according to the General Statistics Office.
Vietnam’s export-import value in the first four months of this year was estimated at 210.79 billion USD, down 13.6% year-on-year, with trade in surplus by 6.35 billion USD, the General Statistics Office has reported.
Trade between Vietnam and the US increased to 123.86 billion USD in 2022 from 6.78 billion USD in 2005. In particular, last year, Vietnam's exports to the US surpassed 100 billion USD for the first time.
Vietnam - Netherlands trade relations have been thriving over the years, especially since the two countries upgraded their relations to a comprehensive strategic partnership in 2019.
Vietnam-Malaysia trade relations have been thriving over the years, especially since the two countries established their strategic partnership in August, 2015.
Belgium is now Vietnam's sixth largest trading partner in the EU with a total investment of more than 1.1 billion USD to Vietnam, mainly in the field of logistics and infrastructure development which Belgium has strengths.
Data from the General Department of Customs shows in 2022, China is Vietnam's largest trading partner with a total two-way trade turnover of 175.57 billion USD, followed by the US (123.86 billion USD), the Republic of Korea (86.38 billion USD) and Japan (47.61 billion USD).
Vietnam’s import-export turnover reached 46.56 billion USD in the first month of 2023, down 25% year on year. However, the country still enjoyed a trade surplus of 3.6 billion USD in the month.
The agriculture sector became the economy's bright spot in the first seven months of this year, posting a trade surplus of 3.9 billion USD in the period.