Vietnam balance of trade

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Vietnam balance of trade: 2.94 (-753.33%)
Last Update: June 30, 2024

Vietnam balance of trade closed down 2.94 as of June 30, 2024 from -0.45 from the previous month and 3.09 from last year.


Vietnam balance of trade Analytics & Data




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Vietnam balance of trade

Date Values
2024-06-30 2.94
2024-05-31 -0.45
2024-04-30 1.1
2024-03-31 2.78
2024-02-29 1.38
2024-01-31 3.62
2023-12-31 10.41
2023-11-30 -7.85
2023-10-31 2.73
2023-09-30 2.2
2023-08-31 3.44
2023-07-31 3.07
2023-06-30 3.09
2023-05-31 2.01
2023-04-30 2.66
2023-03-31 1.39
2023-02-28 2.81
2023-01-31 0.52
2022-12-31 1.74
2022-11-30 0.74
2022-10-31 2.47
2022-09-30 1.43
2022-08-31 3.86
2022-07-31 0.08

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Vietnam balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade vn.balanceoftrade 2.94 -0.45 -753 -5 UP Down 58 2024-06-30

Vietnam balance of trade Factors

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Vietnam balance of trade Historical Data

The MacroVar database offers free access to historical data for the Vietnam balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Vietnam balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Vietnam balance of trade

The Vietnam balance of trade is a fundamental macroeconomic indicator that reflects the difference between the value of a country's exports and imports over a specific period. It serves as a critical measure of the nation's economic performance in the global market and provides insights into the country's competitiveness, level of international trade, and overall economic health. A positive balance of trade, indicating that the value of exports exceeds that of imports, is considered favorable as it signifies a trade surplus, which can lead to increased foreign reserves, improved domestic production, and enhanced economic growth. Conversely, a negative balance of trade, where imports surpass exports, results in a trade deficit, potentially leading to a decrease in foreign reserves, increased debt, and economic vulnerability. The Vietnam balance of trade is