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Vietnam recorded a merchandise trade deficit of over USD 7 billion in the first four months of 2026, as both exports and imports expanded year-on-year.
In April 2026, the total value of goods exports and imports was about USD 94.32 billion, up 0.8% from the previous month and up 26.7% from the same period last year. For the first four months of 2026, total goods exports and imports reached about USD 344.17 billion, up 24.2% year-on-year. Exports rose 19.7%, while imports increased 28.7%. The merchandise trade deficit stood at USD 7.11 billion.
In April, export value was about USD 45.52 billion, down 2.0% from March. The domestic economic sector contributed USD 8.88 billion, down 1.2%, while the foreign-invested sector (including crude oil) accounted for USD 36.64 billion, down 2.1%.
On a year-on-year basis, April exports rose 21.0%, with the domestic sector down 4.2% and the foreign-invested sector (including crude oil) up 29.2%.
For the first four months of 2026, exports reached USD 168.53 billion, up 19.7% year-on-year. The domestic sector was USD 33.65 billion, up 0.4%, representing 20.0% of total exports. The foreign-invested sector (including crude oil) was USD 134.88 billion, up 25.8%, representing 80.0%.
During the four-month period, 24 export items exceeded USD 1 billion, accounting for 89.1% of total exports. Of these, 7 items were over USD 5 billion, accounting for 69.1%.
Export structure for the first four months showed the processing and manufacturing group at about USD 151.5 billion (89.9%), followed by agricultural and forestry at about USD 12.68 billion (7.5%), seafood at USD 3.55 billion (2.1%), and fuels and minerals at about USD 0.8 billion (0.5%).
In April, imports were about USD 48.8 billion, up 3.6% from the previous month. The domestic sector accounted for USD 13.8 billion, up 2.6%, while the foreign-invested sector was USD 35.0 billion, up 4.0%.
Year-on-year, April imports rose 32.5%, with the domestic sector up 22.7% and the foreign-invested sector up 36.8%.
For the first four months of 2026, imports were USD 175.64 billion, up 28.7% year-on-year. The domestic sector was USD 49.27 billion, up 20.4%, while the foreign-invested sector was USD 126.37 billion, up 32.3%.
During the four-month period, 30 items imported over USD 1 billion, accounting for 87.4% of total imports. Two items over USD 5 billion accounted for 49.2%.
By import category, production inputs totaled USD 165.37 billion (94.2%), including machinery and equipment, tools and spare parts at 54.8% and raw materials at 39.4%. Consumer goods totaled USD 10.27 billion (5.8%).
In the first four months, the United States was Vietnam’s largest export market with about USD 53.9 billion in exports. China was the largest import market with about USD 69.0 billion in imports.
Vietnam recorded a trade surplus with the United States of USD 46.9 billion, up 24.4% year-on-year. The surplus to the EU was USD 14.2 billion, up 6.7%. The surplus to Japan was USD 0.5 billion, down 28.0%.
Vietnam ran trade deficits with major suppliers including China at USD 46.4 billion, up 33.4%; Korea at USD 15.0 billion, up 57.8%; and ASEAN at USD 7.6 billion, up 44.3%.
The preliminary merchandise trade balance for April shows a deficit of USD 3.28 billion. For the first four months of 2026, the merchandise trade balance is estimated at a deficit of USD 7.11 billion, compared with a surplus of USD 4.3 billion in the same period last year.
By sector, the domestic sector shows a trade deficit of USD 15.61 billion, while the foreign-invested sector (including crude oil) shows a surplus of USD 8.5 billion.
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