2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 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

Australia-Vietnam Trade: In 2022, Australia exported $10.5B to Vietnam. The main products that Australia exported to Vietnam were Coal Briquettes ($5.05B), Raw Cotton ($1.19B), and Wheat ($990M). Over the past 5 years the exports of Australia to Vietnam have increased at an annualized rate of 22.6%, from $3.79B in 2017 to $10.5B in 2022.

In 2009, Australia exported services to Vietnam worth $605M, with Travel ($561M), Other business services ($31.7M), and Transportation ($3.96M) being the largest in terms of value.

Vietnam-Australia Trade: In 2022, Vietnam exported $6.21B to Australia. The main products that Vietnam exported to Australia were Broadcasting Equipment ($1.07B), Crude Petroleum ($466M), and Video Displays ($334M). Over the past 5 years the exports of Vietnam to Australia have increased at an annualized rate of 4.64%,  from $3.77B in 2017 to $6.21B in 2022.

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

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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, Australia exported $10.5B to Vietnam. The main products exported from Australia to Vietnam were Coal Briquettes ($5.05B), Raw Cotton ($1.19B), and Wheat ($990M). During the last 5 years the exports of Australia to Vietnam have increased at an annualized rate of 22.6%, from $3.79B in 2017 to $10.5B in 2022.

In 2017, Vietnam exported $6.21B to Australia. The main products exported from Vietnam to Australia were Broadcasting Equipment ($1.07B), Crude Petroleum ($466M), and Video Displays ($334M). During the last 5 years the exports of Vietnam to Australia have increased at an annualized rate of 4.64%, from $3.77B in 2022 to $6.21B in 2017.

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

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

Latest Data

Trade between Australia (Flag) and Vietnam (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Vietnam
Top Destination
United States$117B

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

In 2022, countries that imported more from Australia than Vietnam included China ($123B), Japan ($80.1B), and India ($31.5B).

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

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

Comparative Advantage Australia - Vietnam

Flow
Scale

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

During 2022, Australia had a large net trade with Vietnam in the exports of Mineral Products ($6.01B), Vegetable Products ($1.43B), and Textiles ($1.19B).

During 2017, Vietnam had a large net trade with Australia in the exports of Machines ($2.26B), Textiles ($602M), and Footwear and Headwear ($535M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Vietnam+$32.9MIron Ore
Top Product Potential Vietnam Australia+$229MTelephones

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

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

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