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Pricing

2022
Flag → Flag
Exports $1.51BRnk 56 / 221
2022
Flag → Flag
Top Product $143MTanned Equine and Bovine Hides
2022
Flag → Flag
Exports $5.02BRnk 18 / 152
2022
Flag → Flag
Top Product $789MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Italy-Vietnam Trade: In 2022, Italy exported $1.51B to Vietnam. The main products that Italy exported to Vietnam were Tanned Equine and Bovine Hides ($143M), Packaged Medicaments ($56.5M), and Washing and Bottling Machines ($41.6M). Over the past 5 years the exports of Italy to Vietnam have increased at an annualized rate of 0.88%, from $1.44B in 2017 to $1.51B in 2022.

In 2022, Italy did not export any services to Vietnam.

Vietnam-Italy Trade: In 2022, Vietnam exported $5.02B to Italy. The main products that Vietnam exported to Italy were Broadcasting Equipment ($789M), Coffee ($347M), and Hot-Rolled Iron ($288M). Over the past 5 years the exports of Vietnam to Italy have increased at an annualized rate of 3.81%,  from $2.98B in 2017 to $5.02B in 2022.

In 2022, Vietnam did not export any services to Italy.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €68.3M and imported €313M from Vietnam, resulting in a negative trade balance of €244M. Between March 2023 and March 2024 the exports of Italy have decreased by €-12M (-15%) from €80.3M to €68.3M, while imports increased by €17.1M (5.78%) from €296M to €313M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€-12M(-15%)
IMPORT GROWTH (March 2023 - March 2024)€17.1M(5.78%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Vietnam and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.51B to Vietnam. The main products exported from Italy to Vietnam were Tanned Equine and Bovine Hides ($143M), Packaged Medicaments ($56.5M), and Washing and Bottling Machines ($41.6M). During the last 5 years the exports of Italy to Vietnam have increased at an annualized rate of 0.88%, from $1.44B in 2017 to $1.51B in 2022.

In 2017, Vietnam exported $5.02B to Italy. The main products exported from Vietnam to Italy were Broadcasting Equipment ($789M), Coffee ($347M), and Hot-Rolled Iron ($288M). During the last 5 years the exports of Vietnam to Italy have increased at an annualized rate of 3.81%, from $2.98B in 2022 to $5.02B in 2017.

Exports from Italy (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Vietnam
Top DestinationUnited States$117B

This map shows whether countries import more from Italy or Vietnam. Each country is colored based on the difference in imports they receive from Italy and Vietnam or the difference in the growth in imports.

In 2022, countries that imported more from Italy than Vietnam included Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

In 2022, countries that imported more from Vietnam than Italy included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Vietnam

Flow
Scale

This chart compares trade between Italy and Vietnam by product, considering products traded by both, Italy and Vietnam.

During 2022, Italy had a large net trade with Vietnam in the exports of Machines ($485M), Chemical Products ($185M), and Animal Hides ($178M).

During 2017, Vietnam had a large net trade with Italy in the exports of Machines ($1.43B), Metals ($946M), and Vegetable Products ($509M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Vietnam+$57.3MPackaged Medicaments
Top Product Potential Vietnam Italy+$404MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Vietnam. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Vietnam (Flag) (2022)

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