Data Insights

Overall, the total trade value for imports reached 45.1B USD, reflecting a month-on-month increase of 287.59M USD (0.64%) and a year-on-year increase of 14.96B USD (49.65%). Exports totaled 43.33B USD, showing a month-on-month decrease of 871.76M USD (-1.97%) but a year-on-year increase of 10.02B USD (30.09%). The overall trade balance indicates a robust growth in imports compared to exports, highlighting a potential trade deficit in the current period.

In the month-on-month analysis, imports from Phu Tho saw the highest increase with a value change of 865.65M USD, representing a 22.56% increase. Ninh Binh followed with an increase of 655.57M USD (32.53%), and Bac Ninh with 562.61M USD (6.77%). On the lower end, Ho Chi Minh City experienced the largest decline with a decrease of 1.16B USD (-11.78%), followed by Dong Nai with a drop of 297.18M USD (-13.16%), and Hai Phong with a decrease of 228.46M USD (-5.85%). For exports, Thai Nguyen led with an increase of 1.13B USD (58.04%), Dak Lak increased by 42.68M USD (14.70%), and Ha Tinh by 36.42M USD (31.80%). Conversely, Ho Chi Minh City saw a decline of 631.94M USD (-7.22%), Bac Ninh decreased by 431.32M USD (-4.83%), and Ha Noi by 225.56M USD (-11.25%).

In the year-on-year analysis, imports from Bac Ninh showed the most significant increase with a value change of 3.23B USD (57.24%), followed by Ho Chi Minh City with an increase of 2.21B USD (33.97%), and Phu Tho with 2.1B USD (81.02%). On the downside, Ca Mau had the largest decline with a decrease of 34.06M USD (-54.75%), Quang Tri followed with a drop of 29.99M USD (-33.63%), and Tuyen Quang with a decrease of 8.3M USD (-41.61%). For exports, Bac Ninh led with an increase of 2.55B USD (42.77%), Phu Tho followed with 1.49B USD (74.27%), and Hai Phong with 1.14B USD (37.07%). The lowest performers included Thai Nguyen with a decrease of 62.5M USD (-1.99%), Khanh Hoa with a drop of 7.3M USD (-3.51%), and Lao Cai with a decrease of 4.09M USD (-3.56%).

The analysis of Vietnam's trade values reveals a mixed performance in both month-on-month and year-on-year comparisons. Month-on-month, imports decreased significantly, particularly in high-value categories like telephones and crude oil, while exports also faced a notable decline. Year-on-year, however, both imports and exports showed substantial growth, particularly in electronics and machinery, indicating a recovery trend despite recent monthly fluctuations. Overall, total trade values reflect a healthy increase in the long term, with imports at 37.98B and exports at 39.11B.

In the month-on-month analysis, imports of 'Fruits and vegetables' saw the highest increase with a trade value of 328.48M, reflecting a significant growth of 78.67M (31.49%). Other notable increases included 'Other products' with a trade value of 2.16B and a growth of 47.27M (2.24%), and 'Parts and accessories of motor vehicles' at 569.79M with a rise of 37.22M (6.99%). Conversely, the largest declines were observed in 'Telephones, mobile phones and parts thereof' with a drop of 355.45M (29.42%), 'Crude oil' decreasing by 288.06M (42.41%), and 'Computers, electrical products, spare-parts and components thereof' which fell by 193.07M (1.47%). Overall, total imports decreased by 1.46B (3.71%) while total exports dropped by 2.94B (6.99%).

In the year-on-year analysis, imports of 'Computers, electrical products, spare-parts and components thereof' experienced the most significant growth, reaching 12.91B with an increase of 3.65B (39.42%). Other notable increases included 'Machine, equipment, tools and instruments' at 5.21B with a rise of 784.28M (17.71%), and 'Other base metals' at 1.01B with an increase of 173.3M (20.78%). On the downside, 'Maize (corn)' saw the largest decline with a drop of 125.94M (35.66%), followed by 'Telephones, mobile phones and parts thereof' with a decrease of 116.83M (12.05%), and 'Animal fodders and animal fodder materials' which fell by 99.85M (23.72%). Total imports increased by 5.25B (16.04%) while total exports rose by 5.18B (15.26%).

Overall, Vietnam's total trade saw a decline in both imports and exports month-on-month, with imports totaling 36.73B (down by 1.19B, -3.14%) and exports at 38.52B (down by 2.94B, -7.09%). Year-on-year, however, both imports and exports showed positive growth, with imports increasing to 36.73B (up by 4.82B, 15.12%) and exports rising to 38.52B (up by 5.25B, 15.79%). The trade balance remains positive, indicating a robust trade performance despite recent month-on-month declines.

In the month-on-month analysis, imports from the United States saw the highest increase with a trade value of 1.77B, reflecting a value change of 195.77M (12.46% increase). South Korea followed with 5.03B in imports, increasing by 125.94M (2.57%). Cambodia also showed significant growth with imports valued at 369.53M, up by 78.62M (27.03%). On the lower end, imports from Australia decreased significantly by 301.29M (38.44%), with a total value of 482.57M. Kuwait's imports fell by 290.76M (51.25%), totaling 276.57M. Chinese Taipei also saw a decline of 228.91M (7.66%) with imports valued at 2.76B. In exports, Thailand led with 889.7M, increasing by 137.79M (18.33%). Indonesia followed with 518.2M, up by 48.13M (10.24%). Chinese Taipei also increased exports to 564.32M, with a rise of 43.82M (8.42%). Conversely, exports to China dropped significantly by 1.07B (14.69%), totaling 6.19B. The United States saw a decrease of 959.37M (7.14%) in exports, with a total of 12.45B. South Korea's exports fell by 204.73M (8.34%), totaling 2.26B.

In the year-on-year analysis, imports from China showed the most substantial growth, reaching 16.49B with a value change of 3.61B (28.05% increase). Chinese Taipei followed with imports valued at 2.76B, increasing by 722.53M (35.44%). The United States also saw a significant increase in imports, totaling 1.77B, up by 489.84M (38.37%). On the downside, imports from Argentina decreased by 192.69M (52.43%), totaling 174.8M. Kuwait's imports fell by 191.88M (40.96%), with a total of 276.57M. Brazil also saw a decline of 149.31M (28.19%) in imports, totaling 381.06M. In exports, the United States led with 12.45B, increasing by 2.3B (22.69%). China followed with exports of 6.19B, up by 1.12B (22.00%). Hong Kong also showed growth with exports valued at 1.38B, increasing by 459.1M (49.62%). On the lower end, exports to the Philippines decreased by 183.59M (34.06%), totaling 346.82M. Czechia's exports fell by 40.79M (17.24%), with a total of 195.28M. Belgium also saw a decline of 39.02M (12.60%), totaling 269.49M.

Overall, the total trade for imports decreased by 1.47B to 38.08B, reflecting a percentage change of -3.71%. Exports also saw a decline, decreasing by 2.94B to 39.22B, with a percentage change of -6.97%. The analysis indicates that while some regions experienced growth, the overall trade flow showed a downward trend in both imports and exports for the month and year.

In the month-on-month analysis, imports from Phu Tho saw the highest increase with a trade value of 3.35B, reflecting a value change of 237.85M and a percentage change of 7.65%. Ha Noi followed with a trade value of 4.3B, increasing by 54.2M (1.28%). Da Nang also experienced a notable increase with a trade value of 410.24M, up by 50.96M (14.18%). On the other hand, the largest decrease in imports was observed in Bac Ninh, which had a trade value of 7.67B, decreasing by 618.35M (-7.46%). Thanh Hoa faced a significant drop as well, with a trade value of 521.21M, down by 357.19M (-40.66%). Ninh Binh also saw a decline, with a trade value of 1.82B, down by 260.42M (-12.53%). For exports, Phu Tho led with a trade value of 3.27B, increasing by 153.97M (4.94%). Ha Noi followed with a trade value of 1.79B, up by 56.11M (3.24%). Hung Yen also showed growth with a trade value of 787.74M, increasing by 27.75M (3.65%). Conversely, Bac Ninh had the largest decrease in exports, with a trade value of 7.88B, down by 1.54B (-16.34%). Ho Chi Minh City also saw a decline, with a trade value of 7.39B, decreasing by 270.34M (-3.53%). Hai Phong experienced a drop as well, with a trade value of 3.98B, down by 248.14M (-5.83%).

In the year-on-year analysis, imports from Bac Ninh showed the highest increase with a trade value of 7.67B, reflecting a value change of 2.06B (36.69%). Ha Noi followed with a trade value of 4.3B, increasing by 661.39M (18.19%). Ninh Binh also experienced a notable increase with a trade value of 1.82B, up by 618.8M (51.61%). On the other hand, the largest decrease in imports was observed in Thanh Hoa, which had a trade value of 521.21M, decreasing by 197.92M (-27.52%). Dong Thap faced a significant drop as well, with a trade value of 397.96M, down by 69.89M (-14.99%). Quang Tri also saw a decline, with a trade value of 56.12M, down by 42.23M (-42.94%). For exports, Bac Ninh led with a trade value of 7.88B, increasing by 2.24B (39.80%). Ninh Binh followed with a trade value of 2.4B, up by 927.09M (62.94%). Phu Tho also showed growth with a trade value of 3.27B, increasing by 735.82M (29.03%). Conversely, Quang Ngai had the largest decrease in exports, with a trade value of 250.27M, down by 61.04M (-19.61%). Ho Chi Minh City also saw a decline, with a trade value of 7.39B, decreasing by 47.33M (-0.64%). Ha Tinh experienced a drop as well, with a trade value of 81.66M, down by 33.26M (-28.94%).

Overall, Vietnam's trade flow showed a robust increase in both imports and exports. Total imports reached 44.69B, with a month-on-month increase of 6.7B (17.65%) and a year-on-year increase of 9.69B (27.69%). Exports totaled 44.05B, with a month-on-month increase of 4.94B (12.63%) and a year-on-year increase of 8.49B (23.87%). The trade balance remains tight, with imports slightly outpacing exports.

In the month-on-month analysis, imports of 'Computers, electrical products, spare-parts and components thereof' saw a significant increase of 1.36B, reflecting a 10.52% rise. 'Machine, equipment, tools and instruments' also performed well with a 992.25M increase, marking a 19.03% growth. On the lower end, 'Motor vehicles' experienced a decline of 49.16M, a drop of 10.79%, while 'Wheats' and 'Precious stones, precious metal and articles thereof' also saw decreases of 38.78M and 24.89M respectively. Exports showed a positive trend with 'Computers, electrical products, spare-parts and components thereof' increasing by 1.15B (11.93%), and 'Textiles and garments' rising by 681.93M (22.94%). However, 'Fishery products' and 'Still image, video cameras and parts thereof' faced declines of 35.49M and 34.44M respectively.

Year-on-year, imports of 'Computers, electrical products, spare-parts and components thereof' increased by 4.94B, a substantial 53.02% growth. 'Machine, equipment, tools and instruments' also saw a notable rise of 1.52B (32.54%). Conversely, 'Petroleum products' and 'Coal' faced declines of 106.39M and 93M respectively, with negative growth rates of 14.38% and 15.75%. On the export side, 'Computers, electrical products, spare-parts and components thereof' again led with a 3.42B increase (46.66%), while 'Toys and sports requisites; parts and accessories thereof' surged by 627.88M (199.92%). However, 'Rice' and 'Petroleum products' saw significant declines of 115.23M and 65.13M, with negative growth rates of 31.66% and 41.03%.

Overall, Vietnam's trade performance showed robust growth both month-on-month and year-on-year. The total trade value for imports increased by 6.59 billion USD (17.94%) from the previous month and by 9.17 billion USD (26.86%) compared to the same month last year. Exports also rose, with a month-on-month increase of 4.93 billion USD (12.79%) and a year-on-year increase of 8.43 billion USD (24.09%). The trade balance remains strong, with both imports and exports contributing positively to Vietnam's economy.

In the month-on-month analysis, Vietnam's imports saw a significant increase, with the total trade value rising to 43.32 billion USD, reflecting a 6.59 billion USD increase (17.94%). The top three countries contributing to this growth were China (1.77 billion USD), South Korea (1.05 billion USD), and the United States (503.2 million USD). Conversely, imports from Ireland, Ukraine, and Romania experienced the largest declines, with decreases of 17.68 million USD, 11.19 million USD, and 10.59 million USD, respectively. Exports also increased, totaling 43.44 billion USD, with a rise of 4.93 billion USD (12.79%). The United States led the growth with an increase of 1.95 billion USD, followed by China (1.01 billion USD) and South Korea (444.76 million USD). On the downside, exports to Austria, Thailand, and Indonesia saw the most significant drops, with declines of 140.6 million USD, 86.96 million USD, and 45.16 million USD, respectively.

In the year-on-year analysis, Vietnam's imports reached 43.32 billion USD, marking a substantial increase of 9.17 billion USD (26.86%). The most notable growth came from China (4.72 billion USD), South Korea (1.26 billion USD), and Chinese Taipei (1.11 billion USD). However, imports from Argentina, Israel, and Tanzania faced the largest declines, with decreases of 141.89 million USD, 90.19 million USD, and 52.04 million USD, respectively. Exports also showed a positive trend, totaling 43.44 billion USD, with an increase of 8.43 billion USD (24.09%). The United States again led the charge with a growth of 3.87 billion USD, followed by China (983.17 million USD) and Hong Kong (668.39 million USD). On the downside, exports to Chile, Laos, and the Philippines experienced the most significant declines, with drops of 79.33 million USD, 54.15 million USD, and 40.03 million USD, respectively.

Overall, the total trade for imports reached 44.81B, with a month-on-month increase of 6.73B (17.68%) and a year-on-year increase of 9.71B (27.67%). Exports totaled 44.2B, with a month-on-month increase of 4.98B (12.70%) and a year-on-year increase of 8.5B (23.82%). The data indicates a robust growth in both imports and exports, with notable increases in key regions such as Ho Chi Minh City and Bac Ninh.

In the month-on-month analysis, imports from Ho Chi Minh City showed the highest increase with a trade value of 9.89B, reflecting a value change of 1.51B and a percentage change of 18.05%. Following closely, Ha Noi's imports reached 5.22B with a value change of 924.26M (21.50% increase). Bac Ninh also saw significant growth with imports valued at 8.3B, increasing by 638.16M (8.32%). On the lower end, imports from Cao Bang were minimal at 4.75M, decreasing by 3.07M (-39.26%). Ca Mau's imports were 27.44M, down by 754.83K (-2.68%). Son La had a slight increase to 2.62M, with a value change of 301.24K (12.99%). For exports, Ho Chi Minh City led with 8.75B, increasing by 1.37B (18.48%). Bac Ninh followed with 8.94B, up by 1.06B (13.45%). Hai Phong's exports were 4.33B, with a value change of 347.4M (8.72%). On the downside, Thai Nguyen's exports were 1.94B, down by 232.96M (-10.72%). Can Tho's exports were 326.47M, decreasing by 6.93M (-2.07%). Ca Mau's exports were 132.45M, down by 6.04M (-4.34%).

In the year-on-year analysis, imports from Bac Ninh showed the most significant growth with a trade value of 8.3B, reflecting a value change of 2.59B (45.28% increase). Phu Tho's imports reached 3.84B, increasing by 1.29B (50.69%). Ho Chi Minh City's imports were 9.89B, up by 1.23B (14.21%). On the lower end, Quang Tri's imports were 85.51M, decreasing by 15.57M (-15.40%). Cao Bang's imports were 4.75M, down by 3.54M (-42.70%). Ca Mau's imports were 27.44M, with a minimal increase of 10.67K (0.04%). For exports, Bac Ninh led with 8.94B, increasing by 3.04B (51.51%). Phu Tho's exports were 3.62B, up by 1.01B (38.94%). Ninh Binh's exports reached 2.58B, with a value change of 974.93M (60.83%). On the downside, Lao Cai's exports were 104.84M, down by 19.31M (-15.51%). Quang Ninh's exports were 559.69M, decreasing by 15.05M (-2.62%). Cao Bang's exports were 7.86M, down by 7.9M (-50.13%).