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2022
Flag → Flag
Exports $7.94BRnk 9 / 152
2022
Flag → Flag
Top Product $1.4BBroadcasting Equipment
2022
Flag → Flag
Exports $714MRnk 37 / 215
2022
Flag → Flag
Top Product $80.3MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Vietnam-Canada Trade: In 2022, Vietnam exported $7.94B to Canada. The main products that Vietnam exported to Canada were Broadcasting Equipment ($1.4B), Textile Footwear ($333M), and Leather Footwear ($261M). Over the past 5 years the exports of Vietnam to Canada have increased at an annualized rate of 19.2%, from $3.3B in 2017 to $7.94B in 2022.

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

Canada-Vietnam Trade: In 2022, Canada exported $714M to Vietnam. The main products that Canada exported to Vietnam were Potassic Fertilizers ($80.3M), Frozen Bovine Meat ($69.9M), and Crustaceans ($63.9M). Over the past 5 years the exports of Canada to Vietnam have decreased at an annualized rate of 3.48%,  from $853M in 2017 to $714M in 2022.

In 2020, Canada exported services to Vietnam worth $439M, with Travel ($429M), Financial services ($5.97M), and Transportation ($2.98M) being the largest in terms of value.

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $7.94B to Canada. The main products exported from Vietnam to Canada were Broadcasting Equipment ($1.4B), Textile Footwear ($333M), and Leather Footwear ($261M). During the last 5 years the exports of Vietnam to Canada have increased at an annualized rate of 19.2%, from $3.3B in 2017 to $7.94B in 2022.

In 2017, Canada exported $714M to Vietnam. The main products exported from Canada to Vietnam were Potassic Fertilizers ($80.3M), Frozen Bovine Meat ($69.9M), and Crustaceans ($63.9M). During the last 5 years the exports of Canada to Vietnam have decreased at an annualized rate of 3.48%, from $853M in 2022 to $714M in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and Canada (Flag)

Canada Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Vietnam than Canada included China ($58.7B), South Korea ($25.2B), and Japan ($25B).

In 2022, countries that imported more from Canada than Vietnam included United States ($438B), United Kingdom ($12.9B), and Norway ($3.19B).

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

Comparative Advantage Vietnam - Canada

Flow
Scale

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

During 2022, Vietnam had a large net trade with Canada in the exports of Machines ($3.04B), Textiles ($1.57B), and Footwear and Headwear ($747M).

During 2017, Canada had a large net trade with Vietnam in the exports of Animal Products ($195M), Chemical Products ($104M), and Vegetable Products ($88.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Canada+$327MTelephones
Top Product Potential Canada Vietnam+$31.7MCoal Briquettes

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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Bilateral Service Trade

In 2020, Canada exported services to Vietnam worth $439M, with Travel ($429M), Financial services ($5.97M), and Transportation ($2.98M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Vietnam (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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