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2023
Flag → Flag
Exports $135BRnk 6 / 208
2023
Flag → Flag
Top Product $10.6BIntegrated Circuits
2023
Flag → Flag
Exports $85.7BRnk 2 / 142
2023
Flag → Flag
Top Product $25BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
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GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

China-Vietnam Trade: In 2023, China exported $135B to Vietnam. The main products that China exported to Vietnam were Integrated Circuits ($10.6B), Broadcasting Equipment ($8.02B), and Telephones ($5.81B). Over the past 5 years the exports of China to Vietnam have increased at an annualized rate of 13.7%, from $70.9B in 2018 to $135B in 2023.

In 2023, China did not export any services to Vietnam.

Vietnam-China Trade: In 2023, Vietnam exported $85.7B to China. The main products that Vietnam exported to China were Broadcasting Equipment ($25B), Integrated Circuits ($15.1B), and Broadcasting Accessories ($8.67B). Over the past 5 years the exports of Vietnam to China have increased at an annualized rate of 11.5%,  from $49.6B in 2018 to $85.7B in 2023.

In 2023, Vietnam did not export any services to China.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $15.7B and imported $9.54B from Vietnam, resulting in a positive trade balance of $6.18B. Between December 2023 and December 2024 the exports of China have increased by $1.91B (13.9%) from $13.8B to $15.7B, while imports increased by $60.1M (0.63%) from $9.48B to $9.54B.

Trade In December 2024, the top exports of China to Vietnam were Integrated Circuits ($1.23B), Telephones ($756M), Sound Recordings ($574M), Hot-Rolled Iron ($423M), and Commodities not elsewhere specified ($410M). In December 2024 the top imports of China from Vietnam were Sound Recordings ($1.36B), Integrated Circuits ($1.02B), Broadcasting Accessories ($880M), Commodities not elsewhere specified ($662M), and Computers ($365M).

Origins In December 2024 the exports of China were mainly from Guangxi Zhuang Autonomous Region ($3.82B), Guangdong Province ($2.66B), Jiangsu Province ($2.25B), Zhejiang Province ($1.23B), and Shandong Province ($931M), while imports destinations were mainly Guangdong Province ($2.54B), Shanghai Province ($1.66B), Jiangsu Province ($1.18B), Zhejiang Province ($708M), and Sichuan Province ($526M).

Growth In December 2024, the increase in China's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Integrated Circuits ($523M or 74.1%), Hot-Rolled Iron ($340M or 407%), and Commodities not elsewhere specified ($179M or 77.6%). In December 2024, the increase in China's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Integrated Circuits ($359M or 54.7%), Computers ($297M or 434%), and Office Machine Parts ($218M or 193%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.91B(13.9%)
IMPORT GROWTH (December 2023 - December 2024)$60.1M(0.63%)
MAIN EXPORTER (December 2024)Guangxi Zhuang Autonomous Region$3.82B

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Vietnam and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $135B to Vietnam. The main products exported from China to Vietnam were Integrated Circuits ($10.6B), Broadcasting Equipment ($8.02B), and Telephones ($5.81B). During the last 5 years the exports of China to Vietnam have increased at an annualized rate of 13.7%, from $70.9B in 2018 to $135B in 2023.

In 2018, Vietnam exported $85.7B to China. The main products exported from Vietnam to China were Broadcasting Equipment ($25B), Integrated Circuits ($15.1B), and Broadcasting Accessories ($8.67B). During the last 5 years the exports of Vietnam to China have increased at an annualized rate of 11.5%, from $49.6B in 2023 to $85.7B in 2018.

Exports from China (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Vietnam
Top DestinationUnited States$118B

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.

In 2023, countries that imported more from China than Vietnam included United States ($436B), Hong Kong ($259B), and Germany ($164B).

In 2023, no countries were registered that imported more from Vietnam than from China.

Difference in imports from Vietnam (Flag) and China (Flag) (2023)

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 2023, China had a large net trade with Vietnam in the exports of Machines ($60.2B), Textiles ($17.9B), and Metals ($14B).

During 2018, Vietnam had a large net trade with China in the exports of Machines ($62.4B), Vegetable Products ($4.5B), and Textiles ($4.25B).

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) (2023)

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