2022
Flag  
GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Vietnam-Hong Kong Trade: In 2022, Vietnam exported $12.7B to Hong Kong. The main products that Vietnam exported to Hong Kong were Integrated Circuits ($3.27B), Office Machine Parts ($2.66B), and Telephones ($1.7B). Over the past 5 years the exports of Vietnam to Hong Kong have increased at an annualized rate of 9.52%, from $8.07B in 2017 to $12.7B in 2022.

In 2022, Vietnam did not export any services to Hong Kong.

Hong Kong-Vietnam Trade: In 2022, Hong Kong exported $3.14B to Vietnam. The main products that Hong Kong exported to Vietnam were Integrated Circuits ($474M), Gas Turbines ($331M), and Telephones ($330M). Over the past 5 years the exports of Hong Kong to Vietnam have decreased at an annualized rate of 3.61%,  from $3.77B in 2017 to $3.14B in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $12.7B to Hong Kong. The main products exported from Vietnam to Hong Kong were Integrated Circuits ($3.27B), Office Machine Parts ($2.66B), and Telephones ($1.7B). During the last 5 years the exports of Vietnam to Hong Kong have increased at an annualized rate of 9.52%, from $8.07B in 2017 to $12.7B in 2022.

In 2017, Hong Kong exported $3.14B to Vietnam. The main products exported from Hong Kong to Vietnam were Integrated Circuits ($474M), Gas Turbines ($331M), and Telephones ($330M). During the last 5 years the exports of Hong Kong to Vietnam have decreased at an annualized rate of 3.61%, from $3.77B in 2022 to $3.14B in 2017.

Exports from Vietnam (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Vietnam (Flag) (2022)

Latest Data

Trade between Vietnam (Flag) and Hong Kong (Flag)

Hong Kong Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$117B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Vietnam than Hong Kong included United States ($117B), China ($58.7B), and Japan ($25B).

In 2022, countries that imported more from Hong Kong than Vietnam included India ($14.3B), Macau ($2.73B), and Switzerland ($4.11B).

Difference in imports from Hong Kong (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - Hong Kong

Flow
Scale

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

During 2022, Vietnam had a large net trade with Hong Kong in the exports of Machines ($10.7B), Metals ($362M), and Textiles ($262M).

During 2017, Hong Kong had a large net trade with Vietnam in the exports of Machines ($1.96B), Metals ($258M), and Textiles ($156M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Hong Kong+$1.26BTelephones
Top Product Potential Hong Kong Vietnam+$281MIntegrated 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 Vietnam and Hong Kong. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Vietnam.

Product Space of Vietnam (Flag) and Hong Kong (Flag) (2022)

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