HCMC – Vietnam’s trade reached US$249.5 billion in the first quarter of 2026, up 23% year-on-year, with a trade deficit of US$3.64 billion, according to the Department of Customs.
Exports rose 19% to US$122.93 billion, while imports increased 27% to US$126.57 billion, leading to a reversal from a surplus to a deficit.
The United States was the largest export market, with revenue of US$39.03 billion. China remained the biggest source of imports at US$50.10 billion, significantly higher than other markets.
The data show exports concentrated in major consumer markets, while imports were mainly sourced from manufacturing hubs in Asia, particularly China.
