Insights for Vietnam

MoM insights: 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.

YoY insights: 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.