Vietnam

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Viet Nam · VN · VNM · BACI 704 · latest data 2024

Exports

$505.2B USD, nominal · 2024

= $505,202 M61.6% over 5 yrs (up)

Imports

$376.8B USD, nominal · 2024

= $376,826 M42.9% over 5 yrs (up)

Trade balancesurplus

$128.4B USD, nominal · 2024

= $128,376 M

Total trade

$882.0B USD, nominal · 2024

= $882,028 M53.0% over 5 yrs (up)

World position: #11 of 225 exporters · top 5% · #19 of 225 importers · top 10% · 2024
World export share since 1995: +2.1 pp

Trade timeline

Vietnam's exports grew from $5.4B in 1995 to $505.2B in 2024; the 2024 balance was $128.4B.

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Exports, imports, trade balance and total trade of Vietnam per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$5,414 M	$8,087 M	−$2,673 M	$13,502 M
1996	$6,912 M	$10,156 M	−$3,244 M	$17,068 M
1997	$9,094 M	$11,011 M	−$1,917 M	$20,106 M
1998	$9,375 M	$10,326 M	−$951 M	$19,701 M
1999	$11,014 M	$10,669 M	$345 M	$21,683 M
2000	$16,303 M	$18,144 M	−$1,840 M	$34,447 M
2001	$17,217 M	$18,142 M	−$925 M	$35,359 M
2002	$19,167 M	$22,244 M	−$3,077 M	$41,412 M
2003	$24,689 M	$27,872 M	−$3,184 M	$52,561 M
2004	$31,163 M	$34,534 M	−$3,372 M	$65,697 M
2005	$37,591 M	$39,766 M	−$2,175 M	$77,357 M
2006	$45,525 M	$49,256 M	−$3,731 M	$94,782 M
2007	$55,532 M	$68,239 M	−$12,707 M	$123,771 M
2008	$73,229 M	$84,908 M	−$11,679 M	$158,137 M
2009	$66,728 M	$75,121 M	−$8,393 M	$141,850 M
2010	$80,161 M	$93,608 M	−$13,447 M	$173,770 M
2011	$104,204 M	$115,683 M	−$11,479 M	$219,887 M
2012	$130,629 M	$122,467 M	$8,162 M	$253,095 M
2013	$149,611 M	$141,556 M	$8,054 M	$291,167 M
2014	$167,864 M	$159,420 M	$8,444 M	$327,284 M
2015	$186,637 M	$176,319 M	$10,318 M	$362,956 M
2016	$207,263 M	$188,210 M	$19,053 M	$395,473 M
2017	$261,830 M	$231,073 M	$30,757 M	$492,903 M
2018	$282,645 M	$248,019 M	$34,626 M	$530,664 M
2019	$312,631 M	$263,720 M	$48,910 M	$576,351 M
2020	$333,971 M	$263,910 M	$70,060 M	$597,881 M
2021	$393,125 M	$328,572 M	$64,553 M	$721,698 M
2022	$443,059 M	$358,032 M	$85,027 M	$801,091 M
2023	$423,924 M	$277,723 M	$146,201 M	$701,647 M
2024	$505,202 M	$376,826 M	$128,376 M	$882,028 M

30 rows

World share & rank

World export share moved from 0.1% in 1995 to 2.2% in 2024; export rank #60 → #11.

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World export and import share in percent, and world ranks, of Vietnam per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.11%	0.16%	#60	#56
1996	0.13%	0.19%	#57	#51
1997	0.16%	0.20%	#53	#51
1998	0.17%	0.19%	#52	#54
1999	0.19%	0.19%	#52	#54
2000	0.25%	0.28%	#49	#43
2001	0.27%	0.29%	#47	#44
2002	0.29%	0.34%	#46	#42
2003	0.32%	0.36%	#46	#42
2004	0.34%	0.37%	#47	#42
2005	0.36%	0.38%	#48	#43
2006	0.38%	0.41%	#47	#42
2007	0.40%	0.49%	#46	#40
2008	0.45%	0.53%	#45	#40
2009	0.54%	0.60%	#37	#33
2010	0.53%	0.62%	#38	#31
2011	0.58%	0.64%	#38	#31
2012	0.72%	0.68%	#34	#31
2013	0.82%	0.78%	#31	#31
2014	0.91%	0.87%	#27	#29
2015	1.16%	1.10%	#25	#27
2016	1.32%	1.20%	#20	#23
2017	1.49%	1.32%	#21	#20
2018	1.48%	1.30%	#20	#20
2019	1.69%	1.42%	#17	#19
2020	1.95%	1.54%	#13	#18
2021	1.84%	1.53%	#15	#19
2022	1.84%	1.48%	#15	#19
2023	1.88%	1.23%	#14	#23
2024	2.21%	1.65%	#11	#19

30 rows

Trading partners

China was Vietnam's top trading partner in 2024, at 28.7% of total trade; the top five partners covered 65.3%.

Year

Top partner share: 28.7%
Top-5 share: 65.3%
Partners: 132
Partner HHI (0–1): 0.131

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United States $140.5B

China $94.0B

South Korea $28.4B

Japan $26.5B

Hong Kong $21.0B

Germany $15.4B

Mexico $13.2B

United Kingdom $10.8B

India $10.6B

Thailand $9.1B

Other Asia, nes $7.9B

Australia $7.9B

Indonesia $6.5B

Singapore $6.4B

Malaysia $6.4B

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Top partners of Vietnam in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$94,033 M	$158,769 M	$252,802 M	−$64,736 M
#2	United States	$140,489 M	$12,572 M	$153,061 M	$127,918 M
#3	South Korea	$28,444 M	$58,316 M	$86,759 M	−$29,872 M
#4	Japan	$26,477 M	$15,858 M	$42,335 M	$10,619 M
#5	Hong Kong	$21,034 M	$19,702 M	$40,736 M	$1,332 M
#6	Singapore	$6,396 M	$17,049 M	$23,445 M	−$10,653 M
#7	Other Asia, nes	$7,886 M	$14,204 M	$22,090 M	−$6,319 M
#8	Thailand	$9,146 M	$11,760 M	$20,906 M	−$2,614 M
#9	Germany	$15,448 M	$3,844 M	$19,292 M	$11,605 M
#10	Malaysia	$6,385 M	$11,762 M	$18,147 M	−$5,377 M
#11	India	$10,648 M	$5,476 M	$16,123 M	$5,172 M
#12	Indonesia	$6,483 M	$9,508 M	$15,991 M	−$3,025 M
#13	Australia	$7,872 M	$6,874 M	$14,746 M	$998 M
#14	Mexico	$13,214 M	$180 M	$13,394 M	$13,033 M
#15	United Kingdom	$10,805 M	$1,033 M	$11,838 M	$9,772 M

15 rows

Products & sectors

Product composition of Vietnam's trade in 2024.

Year

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Concentration & risk

Vietnam's export partners diversified over 1995–2024 — HHI 0.134 → 0.125, a moderately concentrated export base across 132 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Vietnam per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.134	0.113	93	61
1996	0.113	0.092	100	68
1997	0.087	0.091	114	72
1998	0.069	0.087	126	83
1999	0.068	0.091	132	83
2000	0.065	0.090	190	153
2001	0.063	0.082	208	167
2002	0.067	0.081	211	178
2003	0.084	0.075	202	187
2004	0.076	0.076	193	161
2005	0.076	0.082	209	165
2006	0.079	0.085	195	178
2007	0.080	0.089	189	152
2008	0.072	0.086	184	164
2009	0.071	0.092	183	164
2010	0.072	0.097	187	170
2011	0.069	0.093	182	168
2012	0.067	0.107	183	171
2013	0.064	0.118	188	171
2014	0.069	0.124	185	171
2015	0.076	0.128	180	163
2016	0.078	0.125	181	170
2017	0.077	0.135	185	173
2018	0.081	0.134	176	161
2019	0.091	0.147	170	158
2020	0.107	0.169	168	156
2021	0.112	0.163	168	156
2022	0.124	0.167	162	153
2023	0.130	0.254	142	131
2024	0.125	0.214	132	121

30 rows

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