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Vietnam trade in 2024

In 2024, Vietnam exported $505.2 billion and imported $376.8 billion, a trade surplus of $128.4 billion. It was the world's 12th-largest exporter, with 2.2% of world exports. Its top export was cameras and broadcast equipment (16.4% of the total) and its main trading partner was China (28.7% of its trade).

Summary

Exports
$505.2billion
Imports
$376.8billion
Trade balance
+$128.4billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Cameras and broadcast equipment (16.4%) and computer and office machine parts (6.7%) together make up 23.1% of its exports.

  1. Cameras and broadcast equipment$82.8 billion · 16.4%
    Main partner: China
  2. Computer and office machine parts$34 billion · 6.7%
    Main partner: China
  3. Microchips$32.1 billion · 6.4%
    Main partner: China
  4. Computers$29.5 billion · 5.8%
    Main partner: United States
  5. Textile footwear$13.6 billion · 2.7%
    Main partner: United States
  6. Parts for broadcast equipment$11.3 billion · 2.2%
    Main partner: China
  7. Leather footwear$11.3 billion · 2.2%
    Main partner: United States
  8. Furniture$10.3 billion · 2%
    Main partner: United States
  9. Microphones and speakers$9.3 billion · 1.8%
    Main partner: United States
  10. Cables and wire$8.3 billion · 1.7%
    Main partner: Japan

What it imports

Microchips (16.7%) and cameras and broadcast equipment (6.3%) together make up 23.1% of its imports.

  1. Microchips$63.1 billion · 16.7%
    Main partner: South Korea
  2. Cameras and broadcast equipment$23.9 billion · 6.3%
    Main partner: South Korea
  3. Refined petroleum$9.1 billion · 2.4%
    Main partner: South Korea
  4. Phones and telecom equipment$8.8 billion · 2.3%
    Main partner: China
  5. Hot-rolled flat steel$6.4 billion · 1.7%
    Main partner: China
  6. Other knitted fabric$6.2 billion · 1.7%
    Main partner: China
  7. Computer and office machine parts$5.8 billion · 1.5%
    Main partner: China
  8. Coal$5 billion · 1.3%
    Main partner: Australia
  9. Batteries$4.9 billion · 1.3%
    Main partner: China
  10. Printed circuit boards$4.6 billion · 1.2%
    Main partner: China
By Harmonized System chapter (96)
ChapterExportsImports
85 · Electrical and electronic equipment$198.9 billion$139.2 billion
84 · Mechanical machinery$78.5 billion$34.4 billion
64 · Footwear$32.8 billion$2.6 billion
62 · Woven clothing$19.7 billion$1.9 billion
94 · Furniture and lighting$19.5 billion$3.1 billion
61 · Knitted clothing$19.4 billion$1.9 billion
39 · Plastics$10.2 billion$19.9 billion
72 · Iron and steel$8.1 billion$14 billion
08 · Fruit and nuts$7.9 billion$4.6 billion
40 · Rubber$7.3 billion$3.6 billion
44 · Wood$6.9 billion$1.8 billion
90 · Precision and medical instruments$6.6 billion$7.8 billion
95 · Toys and sports gear$6.3 billion$1.7 billion
09 · Coffee, tea and spices$5.8 billion$691 million
03 · Fish and seafood$5.6 billion$2.2 billion
87 · Vehicles$5.2 billion$8.8 billion
42 · Leather goods and bags$5.2 billion$760 million
73 · Iron and steel products$4.4 billion$5 billion
10 · Cereals$4.2 billion$5.4 billion
27 · Oil, gas and coal$3.4 billion$16.5 billion
16 · Prepared meat and fish$2.9 billion$279 million
52 · Cotton$2.9 billion$4.8 billion
48 · Paper and paperboard$2.6 billion$3.7 billion
63 · Home textiles and used clothing$2.3 billion$563 million
76 · Aluminum$2 billion$4.6 billion
74 · Copper$1.9 billion$4 billion
25 · Salt, stone and cement$1.8 billion$486 million
20 · Preserved fruit and vegetables$1.8 billion$365 million
28 · Inorganic chemicals$1.8 billion$3.1 billion
38 · Miscellaneous chemicals$1.7 billion$3.3 billion
21 · Food preparations$1.5 billion$1.5 billion
82 · Tools and cutlery$1.4 billion$1.1 billion
54 · Synthetic filaments$1.4 billion$5.4 billion
70 · Glass$1.3 billion$1.6 billion
60 · Knitted fabric$1.2 billion$7.2 billion
34 · Soap and cleaning products$1.1 billion$1.1 billion
83 · Miscellaneous metal goods$1.1 billion$1.9 billion
65 · Hats$1.1 billion$129 million
29 · Organic chemicals$1.1 billion$5.1 billion
23 · Animal feed and food waste$971 million$4.2 billion
11 · Milling products and malt$966 million$298 million
19 · Baked goods and cereal products$941 million$855 million
59 · Coated and technical textiles$930 million$2.2 billion
68 · Stone, plaster and cement articles$873 million$1.1 billion
71 · Gems and precious metals$863 million$2.2 billion
69 · Ceramics$798 million$1.2 billion
96 · Other manufactured goods$669 million$1.5 billion
31 · Fertilizers$667 million$1.4 billion
55 · Synthetic staple fibers$666 million$2.3 billion
15 · Fats and oils$524 million$1.4 billion
26 · Ores and slag$515 million$1.6 billion
56 · Felt, nonwovens and rope$458 million$1.2 billion
57 · Carpets and rugs$447 million$116 million
41 · Hides and leather$413 million$1.8 billion
07 · Vegetables$413 million$2.1 billion
89 · Ships and boats$390 million$413 million
17 · Sugar and sweets$380 million$731 million
22 · Beverages and spirits$371 million$1.2 billion
46 · Wicker and basketware$367 million$62 million
33 · Perfumes and cosmetics$336 million$1.9 billion
35 · Glues, starches and enzymes$330 million$1.2 billion
30 · Pharmaceuticals$313 million$3.3 billion
32 · Dyes, paints and tanning agents$290 million$1.8 billion
49 · Books and printed matter$256 million$302 million
88 · Aircraft and spacecraft$232 million$1.3 billion
91 · Watches and clocks$216 million$284 million
12 · Oilseeds and grains$202 million$1.8 billion
58 · Special fabrics and lace$190 million$1.1 billion
24 · Tobacco$187 million$1 billion
05 · Other animal products$142 million$638 million
50 · Silk$140 million$67 million
81 · Other base metals$140 million$140 million
04 · Dairy, eggs and honey$131 million$751 million
67 · Feathers and artificial flowers$117 million$143 million
06 · Live plants and flowers$108 million$176 million
02 · Meat and offal$104 million$2.2 billion
01 · Live animals$90 million$206 million
13 · Gums and plant extracts$89 million$98 million
18 · Cocoa and chocolate$59 million$175 million
53 · Other plant fibers$41 million$286 million
92 · Musical instruments$37 million$53 million
51 · Wool$35 million$331 million
14 · Other plant products$33 million$8 million
78 · Lead$29 million$644 million
79 · Zinc$29 million$787 million
66 · Umbrellas and canes$25 million$67 million
37 · Photographic goods$22 million$229 million
86 · Railway equipment$21 million$44 million
80 · Tin$21 million$117 million
36 · Explosives and matches$17 million$15 million
47 · Wood pulp$8 million$1 billion
43 · Fur and fur goods$7 million$121 million
75 · Nickel$7 million$96 million
97 · Art and antiques$6 million$23 million
45 · Cork$4 million$16 million
93 · Weapons and ammunition$3 million$16 million

Trading partners

Its main destination is the United States (27.8% of exports) and its main source is China (42.1% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
United States14027.8%Sea
China9418.6%Land
South Korea28.45.6%Sea
Japan26.55.2%Sea
Hong Kong214.2%Air
Germany15.43.1%Sea
Mexico13.22.6%Air
United Kingdom10.82.1%Air
India10.62.1%Sea
Canada10.42.1%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China15942.1%Land
South Korea58.315.5%Air
Hong Kong19.75.2%Sea
Singapore174.5%Sea
Japan15.94.2%Sea
Taiwan14.23.8%Sea
United States12.63.3%Sea
Malaysia11.83.1%Sea
Thailand11.83.1%Sea
Indonesia9.52.5%Sea

Overview 1995–2024

In 2024, Vietnam accounted for 2.2% of world exports, compared with 0.11% in 1995.

Exports and imports

Exports grew 93.3-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 505
  • Imports 377
  • Balance +128

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$5.4 billion$8.1 billion-$2.7 billion
1996$6.9 billion$10.2 billion-$3.2 billion
1997$9.1 billion$11 billion-$1.9 billion
1998$9.4 billion$10.3 billion-$951 million
1999$11 billion$10.7 billion$345 million
2000$16.3 billion$18.4 billion-$2.1 billion
2001$17.3 billion$18 billion-$686 million
2002$19.4 billion$22.3 billion-$3 billion
2003$24.6 billion$27.9 billion-$3.2 billion
2004$31.3 billion$34.8 billion-$3.5 billion
2005$37.5 billion$39.8 billion-$2.2 billion
2006$45.5 billion$49.1 billion-$3.6 billion
2007$55.5 billion$67.7 billion-$12.3 billion
2008$73.3 billion$85.1 billion-$11.8 billion
2009$66.6 billion$75.7 billion-$9.1 billion
2010$80.1 billion$93 billion-$12.9 billion
2011$104 billion$115.2 billion-$11.2 billion
2012$130.3 billion$122.6 billion$7.7 billion
2013$149.4 billion$140.5 billion$8.9 billion
2014$168 billion$157.7 billion$10.3 billion
2015$185.3 billion$175.2 billion$10.2 billion
2016$207.4 billion$186.9 billion$20.5 billion
2017$262 billion$226.7 billion$35.4 billion
2018$283 billion$246 billion$37.1 billion
2019$312.2 billion$261.7 billion$50.5 billion
2020$333.6 billion$261.9 billion$71.7 billion
2021$397.4 billion$326.3 billion$71.1 billion
2022$446.6 billion$353.1 billion$93.5 billion
2023$431.9 billion$321.9 billion$110 billion
2024$505.2 billion$376.8 billion$128.4 billion

World rank

Vietnam rose from 62nd to 12th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 62nd in 1995
  • 12th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199562nd
199659th
199755th
199854th
199954th
200049th
200148th
200247th
200347th
200448th
200549th
200648th
200748th
200846th
200938th
201039th
201139th
201235th
201332nd
201428th
201526th
201621st
201722nd
201821st
201918th
202014th
202116th
202216th
202314th
202412th

What it sells

Electrical and electronic equipment became its top export group: from 0.6% to 39%

% of exports by Harmonized System chapter.

  • Other 23%
  • Iron and steel 2%
  • Plastics 2%
  • Knitted clothing 4%
  • Furniture and lighting 4%
  • Woven clothing 4%
  • Footwear 6%
  • Mechanical machinery 16%
  • Electrical and electronic equipment 39%

Source: CEPII BACI

Show the numbers
Chapter19952024
Electrical and electronic equipment0.62%39.4%
Mechanical machinery0.57%15.5%
Footwear9.7%6.5%
Woven clothing11.9%3.9%
Furniture and lighting1.5%3.9%
Knitted clothing3.5%3.9%
Plastics0.29%2%
Iron and steel0.04%1.6%
Other71.9%23.4%

Who it trades with

China went from 8% to 29% of Vietnam's trade

% of total trade (exports + imports) with each partner.

  • China 29%
  • United States 17%
  • South Korea 10%
  • Japan 5%
  • Hong Kong 5%

Source: CEPII BACI

Show the numbers
Partner19952024
China7.8%28.7%
United States3.3%17.4%
South Korea11.4%9.8%
Japan19.5%4.8%
Hong Kong6%4.6%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Duyen Hai Power Generation ComplexPower · 22.1 Mt CO₂e
  • Vinh Tan power stationPower · 21.1 Mt CO₂e
  • Hoa Phat Dung Quat steel plantSteel · 16.9 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Ho Chi Minh City$560.7 billion (PPP, 2021 dollars)
  • Hanoi$259.6 billion (PPP, 2021 dollars)
  • Can Tho$93.2 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

See all countries