Insights for Vietnam

MoM insights: 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%).

YoY insights: 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%).