Flag China / Vietnam Flag

2021
FlagFlag
Exports
: $129B, Rnk 6 / 209

2021
FlagFlag
Top Product
: $12.9B, Integrated Circuits

2021
FlagFlag
Exports
: $57.8B, Rnk 2 / 147

2021
FlagFlag
Top Product
: $15.5B, Telephones

2021
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Economic Complexity (ECI)
: ECI 1.07, Rnk 25 / 131

2021
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Economic Complexity (ECI)
: ECI 0.1, Rnk 58 / 131

2021
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GDP
: $17.7T, CURRENT US$
Rnk 2 / 182

2011-2021
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GDP GROWTH
: 135%, CURRENT US$
Rnk 6 / 182

2021
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 GDP
: $363B, CURRENT US$
Rnk 39 / 182

2011-2021
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GDP GROWTH
: 110%, CURRENT US$
Rnk 11 / 182

2021
Flag
GDP PC 
: $12,556, CURRENT US$
Rnk 58 / 182

2011-2021
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GDP PC GROWTH
: 124%, CURRENT US$
Rnk 4 / 182

2021
Flag
GDP PC
: $3,694, CURRENT US$
Rnk 119 / 182

2011-2021
Flag
GDP PC GROWTH
: 90.2%, CURRENT US$
Rnk 7 / 182

China-Vietnam In 2021, China exported $129B to Vietnam. The main products that China exported to Vietnam are Integrated Circuits ($12.9B), Telephones ($8.06B), and Light Rubberized Knitted Fabric ($3.98B). During the last 26 years the exports of China to Vietnam have increased at an annualized rate of 22.1%, from $718M in 1995 to $129B in 2021.

In 2021, China did not export any services to Vietnam.

Vietnam-China In 2021, Vietnam exported $57.8B to China. The main products that Vietnam exported to China were Telephones ($15.5B), Integrated Circuits ($8.13B), and Non-Retail Pure Cotton Yarn ($2.48B). During the last 26 years the exports of Vietnam to China have increased at an annualized rate of 22.4%, from $302M in 1995 to $57.8B in 2021.

In 2021, Vietnam did not export any services to China.

Comparison In 2021,  China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, China exported $129B to Vietnam. The main products exported from China to Vietnam were Integrated Circuits ($12.9B), Telephones ($8.06B), and Light Rubberized Knitted Fabric ($3.98B). During the last 26 years the exports of China to Vietnam have increased at an annualized rate of 22.1%, from $718M in 1995 to $129B in 2021.

In 2021, Vietnam exported $57.8B to China. The main products exported from Vietnam to China were Telephones ($15.5B), Integrated Circuits ($8.13B), and Non-Retail Pure Cotton Yarn ($2.48B). During the last 26 years the exports of Vietnam to China have increased at an annualized rate of 22.4%, from $302M in 1995 to $57.8B in 2021.

Market Competitiveness

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Color

China
Top Destination
: United States, $530B

Vietnam
Top Destination
: United States, $99.3B

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 2021, countries that imported more from China than Vietnam were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2019, no countries were registered that imported more from Vietnam than from China.

Comparative Advantage China - Vietnam

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Flow
Scale

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

During 2021, China had a large net trade with Vietnam in the exports of Machines ($59.6B), Textiles ($14.7B), and Metals ($12.3B).

During 2021, Vietnam had a large net trade with China in the exports of Machines ($33.9B), Textiles ($4.48B), and Vegetable Products ($4.03B).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more China has comparative advantage over Vietnam. Similarly, the more yellow a dot/product is, the more Vietnam has comparative advantage over China.