Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.

Vietnam maintained a positive trade balance of US$3 billion in October, raising the country’s total trade surplus during January – October 2023 to more than US$24.6 billion, the highest in five years.

As of October 15, Viet Nam’s total export and import value hit US$523 billion, figures of the General Department of Customs showed.

With the import-export value from January to mid-October reaching roughly US$523 billion, Vietnam racked up a balance of trade surplus of US$22.54 billion, according to the latest statistics released by the General Department of Vietnam Customs.

Vietnam slipped into a trade deficit of US$6.4 billion with the Republic of Korea (RoK) during the first quarter of the year, representing a fall of 39.3% year on year, according to the Vietnamese Trade Office in the RoK.

Vietnam ran a trade surplus of 4.07 billion USD in the first quarter this year, with 79.17 billion USD in export revenue and 75.1 billion USD in imports, down 11.9% and 14.7% annually, respectively, reported the General Statistics Office on March 29.

With the country's total import-export turnover reaching nearly US$123 billion between January 1 and March 15, the nation enjoyed a trade surplus of roughly US$3 billion, according to figures released by the General Department of Vietnam Customs.

A year since Vietnam reopened after a global pandemic, the country has seen trade recovering strongly.

Vietnam’s trade with 11 other major Asian markets could rise significantly in value by 2030, according to an industry study released by UPS.

Vietnam’s merchandise trade with Asia reached 475.29 billion USD in 2022, increasing by 9.6% compared to 2021 and accounting for the highest proportion (65.1%) in the country's total import-export value.

Data from the Ministry of Industry and Trade shows the US and China are the two largest trading partners of Vietnam.

Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, Minister of Industry and Trade Nguyen Hong Dien reported at the 15th National Assembly.

Vietnam is likely to produce a trade surplus of US$1 billion in 2022 – a record low figure compared to the previous years, according to the Ministry of Industry and Trade (MoIT).

Vietnam has enjoyed a trade surplus of 3.96 billion USD in the first eight months of 2022, the General Statistics Office (GSO) announced on August 29.