Vietnam: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Vietnam |
Trade balance as percent of GDP |
|---|---|
| Latest value | 2.24 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1986 - 2022 |
| Average | -4.58 |
| Min - Max | -13.64 - 5.61 |
| Source | The World Bank |
The latest value from 2022 is 2.24 percent, an increase from 0.08 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for Vietnam from 1986 to 2022 is -4.58 percent. The minimum value, -13.64 percent, was reached in 2008 while the maximum of 5.61 percent was recorded in 2019.
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* indicates monthly or quarterly data series
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The trade balance for Vietnam and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 101.68 | 2021 | percent |
| Trade openness | 183.79 | 2022 | percent |
| Financial openness | -0.166 | 2021 | index points |
| Exports, percent of GDP | 93.81 | 2022 | percent |
| Exports, billion dollars | 384.93 | 2022 | billion U.S. dollars |
| Growth of exports | 6.17 | 2022 | percent |
| Imports, percent of GDP | 89.98 | 2022 | percent |
| Imports, billion dollars | 369.20 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.38 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 17.90 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 252.00 | 2014 | million dollars (current) |
| Current account, percent of GDP | -1.50 | 2022 | percent |
| Current account, in dollars | 25.09 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 2.24 | 2022 | percent |
| Trade balance, in dollars | 34.50 | 2023 | billion U.S. dollars |
| Reserves | 86.54 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 3.26 | 2023 | percent |
| Remittances | 14,000.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -16,640.00 | 2023 | million USD |
| External debt | 37.70 | 2022 | percent |
| Short-term external debt | 26.02 | 2022 | percent |
| Short-term debt to reserves | 44.09 | 2022 | percent |