Vietnam - Balance of Goods

Vietnam: Balance of Goods

Mnemonic TRBG.IVNM
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Annual 88.62 %
Data 2020 19,938
2019 10,570

Series Information

Source General Statistics Office of Vietnam
Release Foreign Trade - Annual
Frequency Annual
Start Date 12/31/1990
End Date 12/31/2020

Vietnam: Trade

Reference Last Previous Units Frequency
Exports of Goods Aug 2022 33,380 30,323 Mil. USD, NSA Monthly
Imports of Goods Aug 2022 30,960 30,302 Mil. USD, NSA Monthly
Current Account Balance 2021 Q4 3,998,000,000 -3,823,000,000 USD, NSA Quarterly
Balance of Goods 2020 19,938 10,570 Mil. USD, NSA Annual
Exports of Goods and Services 2020 6,642,395 6,447,618 Bil. VND Annual
Imports of Goods and Services 2020 6,463,336 6,321,360 Bil. VND Annual
Net Exports 2020 179,059 126,258 Bil. VND Annual
Real Net Exports 2020 -317,044 -381,143 Bil. 2010 VND Annual
Real Exports of Goods and Services 2017 3,904,663,000,000,000 3,344,890,000,000,000 NCU Annual
Real Imports of Goods and Services 2017 4,163,134,000,000,000 3,543,103,000,000,000 NCU Annual

Release Information

Data on exports and imports are collected by the Customs Department at 158 customs entry points throughout Vietnam. The data collected from declaration forms are subject to verification checks, first at the Regional Customs offices and then at the Central Office in Hanoi.

Merchandise trade statistics do not cover goods in transit, goods consigned to and from territorial enclaves, goods for exhibition and fairs, unissued securities, banknotes and coins not in circulation, and monetary and gold imported for national reserves purpose and national monetary balance.

Imports are valued c.i.f. at the time of customs clearance and goods leaving border customs territory. Exports are valued f.o.b. at the time of customs clearance and goods leaving the customs territory. Data are compiled in accordance with the recommendations of the Statistical Commission of the United Nations and a guide to data source coverage of the GSO. The relaxed special trade system of recording, under the relaxed definition, is adopted.

Monthly data cover total value of import- export and main import- export items/groups.

The source does not provide the methodology.

From 2015, the value of imports includes the value of fuels which Vietnam airlines bought at forein aiports.

No seasonal adjustment is made. Data are disseminated both on a monthly and on an annual basis.