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Explore trade 2024-25 momentum

BridgeSolve · UK–Vietnam market intelligence

Vietnam Trade Explorer

Goods imports, exports and the difference between them. See the whole economy, then explore the products and countries behind the numbers.

2025 national overview

All goods · all countries · official preliminary figures
Imports into Vietnam$455.01bn+19.4% year on year
Exports from Vietnam$475.04bn+17.0% year on year
Trade balance+$20.03bnGoods surplus · exports less imports

National context, separate from the filters below. Growth rates as published by Vietnam’s National Statistics Office. Compare 2024 and 2025

2019–2023 comparable evidence

Explore Vietnam’s trade

Start with all goods, then search a product sector or choose a trade partner.

50 partners, listed A–Z, selected by 2023 total trade; 55 searchable sectors. “All countries” and “All goods” use reported worldwide and economy-wide totals.

2023 imports—Sector imports
2023 exports—Vietnam-reported sector exports
2023 trade balance—Exports less imports
2023 total trade—Imports + exports

Selected trade summary

Imports, exports and balance

Trade trend to selected year

Imports versus exports

ImportsExports

Vietnam-reported goods trade for the current selection. Values are nominal US dollars; gaps represent unavailable observations.

Supplier landscape

Leading origins

2023

Bar length = share of worldwide imports for this product. Leading origins are drawn from the 50 listed partners.

Export destinations

Where exports go

2023

Bar length = share of worldwide exports for this product. Leading destinations are drawn from the 50 listed partners.

BridgeSolve read

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Sector breakdown

Explore 55 major product sectors

Ranked by total trade.

BridgeSolve sector brief

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What the comparison suggests

Value-chain caution

What to populate next

Move to HS6 products; separate components from finished goods; add tariff treatment, technical standards, local production, landed cost, distributor economics and verified buyer or manufacturer demand.

Reading the comparison

Read the trade flows in context

Imports and exports can reflect production chains as well as final demand. Neither trade value nor a surplus establishes profitability or local value added.

Net importer

External requirement

Imports exceed exports. This can indicate domestic demand or dependence on foreign energy, materials, machinery or finished goods.

Two-way trade

Integrated supply chain

Large imports and exports can show components or materials entering Vietnam before processing, assembly and re-export.

Net exporter

Competitive production base

Exports exceed imports. Imported inputs may still be commercially important, but the headline is not an unserved domestic market.

National context · 2024–2025

Trade momentum

Imports and exports both grew. The goods surplus narrowed. These national figures complement the detailed explorer; product and country filters do not apply here.

Goods trade · US$ billion
ImportsExports

2024

Imports$380.76bn
Exports$405.53bn
Trade balance+$24.77bn

2025

Imports$455.01bn
Exports$475.04bn
Trade balance+$20.03bn
Year-on-year growth as published by NSO

2024: imports +16.7% · exports +14.3%

2025: imports +19.4% · exports +17.0%

Figures use each year’s NSO annual release. Later releases revise earlier years: the 2025 release reports a revised 2024 surplus of $24.94bn. Published growth rates therefore need not exactly match a calculation using the earlier 2024 totals shown above.

2024 imports · production materials93.6%

Share of goods imports; an important reminder that imports often support production.

2025 exports · manufactured goods88.7%

Share of goods exports; exports alone do not measure domestic value added.

Largest 2025 import originChina · $186.0bn

Vietnam’s largest supplier market by goods value.

Largest 2025 export destinationUnited States · $153.2bn

Vietnam’s largest buyer market by goods value.

Sources: NSO 2024 annual release · NSO 2025 annual release

Why does the explorer stop at 2023?The current detailed extract is a consistent 2019–23 series of products and partners. Newer national figures are available and shown here; they do not supply every comparable country–product observation. Extending the detailed filters requires a separate coverage and classification check, rather than substituting national totals.

Decision standard

Direct evidence before interpretation

BridgeSolve uses this report to identify the next question—not to declare a market attractive from trade value alone.

01

One consistent selection

Reported all-goods totals plus 55 major HS2 sectors, covering 95.0% of imports and 93.6% of exports in 2023. Show 20, 50 or all available sectors from this catalogue.

02

No black-box score

Imports, exports, balance, growth and partner shares are shown directly. The value-chain role is labelled as interpretation.

03

Commercial next step

Move to HS6/HS8, distinguish inputs from finished products, then test tariffs, standards, local competition, buyers and unit economics.

Sources and limitations +

Core sources

Important limitations

Import value measures foreign supply entering Vietnam—not total market size, unmet demand, margin or accessible sales. Processing trade and re-exports may be present.

The country selector covers the top 50 countries and reporting areas by Vietnam’s combined 2023 goods imports and exports, including the United Kingdom. The same partner set is used across 2019–2023. World, unspecified areas and aggregate regions are excluded from the ranking. Bilateral observations accessed 3 October 2026. All countries uses worldwide totals; selecting one country shows Vietnam-reported imports from and exports to that partner. All goods uses separately reported TOTAL observations, not a sum of the displayed sectors. With all goods selected, the table shows the Explore 55 major product sectors; selecting a product switches the table to a country breakdown. Remaining partners are grouped where their combined value can be calculated. Country, year and product selections apply throughout the detailed explorer. The national overview and momentum section are explicitly separate. Both import and export growth use compound annual growth from 2019 to the selected year; balance change is the difference in US dollars. For 2019 itself, growth is unavailable and balance change is zero where both flows are known. Absent import or export observations are shown as unavailable, not assumed to be zero. Leading origin and destination charts use the selected set of 50 partners; all other origins or destinations include the rest of the worldwide total. “Other Asia, nes” follows the source classification and is not relabelled as Taiwan.

HS2 categories mix components, materials and finished goods. Nominal US-dollar growth can reflect prices, exchange rates and classification changes. All-goods totals include trade outside the 55 available sectors; broad HS2 sectors can mix materials, components and finished goods.