Vietnam Exports (2024)

Exports in Vietnam decreased to 24.82 USD Billion in February from 34.53 USD Billion in January of 2024. Exports in Vietnam averaged 10.34 USD Billion from 1990 until 2024, reaching an all time high of 34.92 USD Billion in August of 2022 and a record low of 0.54 USD Billion in February of 1997. source: General Statistics Office of Vietnam

Exports in Vietnam is expected to be 30.50 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Exports is projected to trend around 39.00 USD Billion in 2025, according to our econometric models.

Vietnam Exports

In the last years, Vietnam's exports have doubled as competitive minimum wage and low costs of utilities boosted foreign direct investment in the manufacturing sector. Vietnam main exports are: telephones, mobile phones and parts thereof (21 percent of total shipments) and textiles (12 percent). Others include: computers and electrical products (12 percent); shoes and footwear (7 percent) and machinery, instruments and accessories (6 percent). Main export partners are: the United States (19 percent of the total exports), China (16 percent) and Japan (8 percent). Others include: South Korea (7 percent), Hong Kong (4 percent) and Netherlands (3 percent).