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2022
Flag → Flag
Exports $718MRnk 40 / 152
2022
Flag → Flag
Top Product $262MBroadcasting Equipment
2022
Flag → Flag
Exports $1.74BRnk 32 / 138
2022
Flag → Flag
Top Product $962MEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Vietnam-Saudi Arabia Trade: In 2022, Vietnam exported $718M to Saudi Arabia. The main products that Vietnam exported to Saudi Arabia were Broadcasting Equipment ($262M), Coconuts, Brazil Nuts, and Cashews ($52.4M), and Fish Fillets ($49.8M). Over the past 5 years the exports of Vietnam to Saudi Arabia have increased at an annualized rate of 0.99%, from $683M in 2017 to $718M in 2022.

In 2022, Vietnam did not export any services to Saudi Arabia.

Saudi Arabia-Vietnam Trade: In 2022, Saudi Arabia exported $1.74B to Vietnam. The main products that Saudi Arabia exported to Vietnam were Ethylene Polymers ($962M), Propylene Polymers ($231M), and Petroleum Gas ($211M). Over the past 5 years the exports of Saudi Arabia to Vietnam have increased at an annualized rate of 11.3%,  from $1.02B in 2017 to $1.74B in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $718M to Saudi Arabia. The main products exported from Vietnam to Saudi Arabia were Broadcasting Equipment ($262M), Coconuts, Brazil Nuts, and Cashews ($52.4M), and Fish Fillets ($49.8M). During the last 5 years the exports of Vietnam to Saudi Arabia have increased at an annualized rate of 0.99%, from $683M in 2017 to $718M in 2022.

In 2017, Saudi Arabia exported $1.74B to Vietnam. The main products exported from Saudi Arabia to Vietnam were Ethylene Polymers ($962M), Propylene Polymers ($231M), and Petroleum Gas ($211M). During the last 5 years the exports of Saudi Arabia to Vietnam have increased at an annualized rate of 11.3%, from $1.02B in 2022 to $1.74B in 2017.

Exports from Vietnam (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Vietnam (Flag) (2022)

Latest Data

Trade between Vietnam (Flag) and Saudi Arabia (Flag)

Saudi Arabia Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Vietnam than Saudi Arabia included United States ($117B), Hong Kong ($12.7B), and Germany ($10.8B).

In 2022, countries that imported more from Saudi Arabia than Vietnam included India ($46.2B), Japan ($36.5B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - Saudi Arabia

Flow
Scale

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

During 2022, Vietnam had a large net trade with Saudi Arabia in the exports of Machines ($353M), Vegetable Products ($100M), and Animal Products ($57.8M).

During 2017, Saudi Arabia had a large net trade with Vietnam in the exports of Plastics and Rubbers ($1.24B), Mineral Products ($217M), and Chemical Products ($196M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Saudi Arabia+$218MTelephones
Top Product Potential Saudi Arabia Vietnam+$20.4MPropylene Polymers

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

Product Space of Vietnam (Flag) and Saudi Arabia (Flag) (2022)

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