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Pricing

2022
Flag → Flag
Exports $69.7BRnk 6 / 211
2022
Flag → Flag
Top Product $12.3BIntegrated Circuits
2022
Flag → Flag
Exports $35.2BRnk 2 / 152
2022
Flag → Flag
Top Product $15.1BTelephones
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

China-Vietnam Trade: In 2022, China exported $69.7B to Vietnam. The main products that China exported to Vietnam were Integrated Circuits ($12.3B), Broadcasting Equipment ($6.89B), and Telephones ($6.58B). Over the past 5 years the exports of China to Vietnam have increased at an annualized rate of 150%, from $718M in 2017 to $69.7B in 2022.

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

Vietnam-China Trade: In 2022, Vietnam exported $35.2B to China. The main products that Vietnam exported to China were Telephones ($15.1B), Integrated Circuits ($7.59B), and Broadcasting Equipment ($3.2B). Over the past 5 years the exports of Vietnam to China have increased at an annualized rate of 159%,  from $302M in 2017 to $35.2B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $14.2B and imported $7.67B from Vietnam, resulting in a positive trade balance of $6.53B. Between May 2023 and May 2024 the exports of China have increased by $3.05B (27.4%) from $11.1B to $14.2B, while imports increased by $1.08B (16.4%) from $6.59B to $7.67B.

Trade In May 2024, the top exports of China to Vietnam were Integrated Circuits ($706M), Telephones ($658M), Flat panel displays ($416M), Electric Batteries ($247M), and Commodities not elsewhere specified ($231M). In May 2024 the top imports of China from Vietnam were Flat panel displays ($1.92B), Broadcasting Accessories ($692M), Integrated Circuits ($656M), Commodities not elsewhere specified ($452M), and Telephones ($271M).

Origins In May 2024 the exports of China were mainly from Guangdong Province ($2.95B), Guangxi Zhuang Autonomous Region ($2.82B), Jiangsu Province ($1.99B), Zhejiang Province ($1.41B), and Shandong Province ($798M), while imports destinations were mainly Guangdong Province ($1.9B), Jiangsu Province ($1.28B), Shanghai Province ($704M), Guangxi Zhuang Autonomous Region ($633M), and Sichuan Province ($620M).

Growth In May 2024, the increase in China's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Commodities not elsewhere specified ($141M or 156%), Refined Petroleum ($73M or 204%), and Office Machine Parts ($29.5M or 43.7%). In May 2024, the increase in China's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Flat panel displays ($651M or 51.2%), Commodities not elsewhere specified ($252M or 126%), and Broadcasting Accessories ($40.7M or 6.24%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$3.05B(27.4%)
IMPORT GROWTH (May 2023 - May 2024)$1.08B(16.4%)
MAIN EXPORTER (May 2024)Guangdong Province$2.95B

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 2022, China exported $69.7B to Vietnam. The main products exported from China to Vietnam were Integrated Circuits ($12.3B), Broadcasting Equipment ($6.89B), and Telephones ($6.58B). During the last 5 years the exports of China to Vietnam have increased at an annualized rate of 150%, from $718M in 2017 to $69.7B in 2022.

In 2017, Vietnam exported $35.2B to China. The main products exported from Vietnam to China were Telephones ($15.1B), Integrated Circuits ($7.59B), and Broadcasting Equipment ($3.2B). During the last 22 years the exports of Vietnam to China have increased at an annualized rate of 159%, from $302M in 1995 to $35.2B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Vietnam
Top DestinationN/AN/A

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.

N/A

N/A

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

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 2022, China had a large net trade with Vietnam in the exports of Machines ($62.9B), Textiles ($16.1B), and Metals ($13.9B).

During 2017, Vietnam had a large net trade with China in the exports of Machines ($37B), Vegetable Products ($3.54B), and Textiles ($3.52B).

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) (2022)

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