2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186

About

China-Vietnam Trade: In 2022, China exported $138B to Vietnam. The main products that China exported to Vietnam were Integrated Circuits ($12.3B), Broadcasting Equipment ($6.89B), and Telephones ($6.58B). Over the past 5 years the exports of China to Vietnam have increased at an annualized rate of 14.6%, from $69.7B in 2017 to $138B in 2022.

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

Vietnam-China Trade: In 2022, Vietnam exported $58.7B to China. The main products that Vietnam exported to China were Telephones ($15.1B), Integrated Circuits ($7.59B), and Broadcasting Equipment ($3.2B). Over the past 5 years the exports of Vietnam to China have increased at an annualized rate of 10.8%,  from $35.2B in 2017 to $58.7B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $138B to Vietnam. The main products exported from China to Vietnam were Integrated Circuits ($12.3B), Broadcasting Equipment ($6.89B), and Telephones ($6.58B). During the last 5 years the exports of China to Vietnam have increased at an annualized rate of 14.6%, from $69.7B in 2017 to $138B in 2022.

In 2017, Vietnam exported $58.7B to China. The main products exported from Vietnam to China were Telephones ($15.1B), Integrated Circuits ($7.59B), and Broadcasting Equipment ($3.2B). During the last 5 years the exports of Vietnam to China have increased at an annualized rate of 10.8%, from $35.2B in 2022 to $58.7B in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
N/AN/A
Vietnam
Top Destination
N/AN/A

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

N/A

N/A

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

Comparative Advantage China - Vietnam

Flow
Scale

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

During 2022, China had a large net trade with Vietnam in the exports of Machines ($62.9B), Textiles ($16.1B), and Metals ($13.9B).

During 2017, Vietnam had a large net trade with China in the exports of Machines ($37B), Vegetable Products ($3.54B), and Textiles ($3.52B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Vietnam+$3.87BIntegrated Circuits
Top Product Potential Vietnam China+$5.32BIntegrated Circuits

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 China and Vietnam. This means that a dot/product with the flag of China indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over China.

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

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