Vietnam (VNM) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Vietnam-Benin Trade: In 2022, Vietnam exported $6.77M to Benin. The main products that Vietnam exported to Benin were Bedspreads ($4.32M), Rice ($1.06M), and Asbestos Cement Articles ($445k). Over the past 5 years the exports of Vietnam to Benin have decreased at an annualized rate of 19.2%, from $19.6M in 2017 to $6.77M in 2022.

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

Benin-Vietnam Trade: In 2022, Benin exported $22M to Vietnam. The main products that Benin exported to Vietnam were Raw Cotton ($20.8M), Cotton Waste ($570k), and Coconuts, Brazil Nuts, and Cashews ($473k). Over the past 5 years the exports of Benin to Vietnam have decreased at an annualized rate of 26%, from $134M in 2017 to $22M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $6.77M to Benin. The main products exported from Vietnam to Benin were Bedspreads ($4.32M), Rice ($1.06M), and Asbestos Cement Articles ($445k). During the last 5 years the exports of Vietnam to Benin have decreased at an annualized rate of 19.2%, from $19.6M in 2017 to $6.77M in 2022.

In 2017, Benin exported $22M to Vietnam. The main products exported from Benin to Vietnam were Raw Cotton ($20.8M), Cotton Waste ($570k), and Coconuts, Brazil Nuts, and Cashews ($473k). During the last 5 years the exports of Benin to Vietnam have decreased at an annualized rate of 26%, from $134M in 2022 to $22M in 2017.

Exports from Vietnam () to Benin () (2022)

Exports from Benin () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Benin ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Vietnam included Chad ($28M), Mali ($7.69M), and Guinea ($1.23M).

Difference in imports from Benin () and Vietnam () (2022)

Comparative Advantage Vietnam - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Benin in the exports of Textiles ($4.51M), Vegetable Products ($1.06M), and Stone And Glass ($445k).

During 2017, Benin had a large net trade with Vietnam in the exports of Textiles ($21.4M), Vegetable Products ($473k), and Plastics and Rubbers ($44.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Benin+$2.02MRice

Top Product Potential Benin Vietnam+$10.6MRaw Cotton

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Benin () (2022)

Exports from Benin () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Benin ()

Benin Exports

Market Competitiveness

Difference in imports from Benin () and Vietnam () (2022)

Comparative Advantage Vietnam - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Benin () (2022)

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