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Trade Balance of Goods in Vietnam: Overview from 2017 to 2023

Trade Balance of Goods in Vietnam: Overview from 2017 to 2023

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TGM StatBox. (2024). Trade Balance of Goods in Vietnam: Overview from 2017 to 2023. TGM StatBox.
Chart Details
Data Source: Calculate based World Trade Organization (WTO)'s data (export - import)
Timeframe: 2017-2023
Country: Vietnam
Published date: 2024
Note: The trade balance reflects the difference between the value of a country’s exports and imports of goods. This figure was calculated by TGM StatBox, using data from the World Trade Organization (WTO). A positive balance signals a surplus, while a negative one indicates a deficit.
Key Takeaways
Vietnam consistently posted trade surpluses from 2017 to 2023, with the balance growing from 2,094.6 million USD in 2017 to 28,005.8 million USD in 2023. The strong performance is attributed to robust exports in electronics, textiles, and agricultural products. After a dip to 3,522.7 million USD in 2021, the surplus rebounded in 2022 and 2023 as global demand recovered.

Vietnam’s trade performance highlights its status as a leading exporter in Southeast Asia, supported by competitive manufacturing and favorable trade agreements. Its growing surplus reflects strong integration into global supply chains and a well-diversified export base.

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