Czechia (CZE) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Czechia-Vietnam Trade: In 2023, Czechia exported $131M to Vietnam. The main products that Czechia exported to Vietnam were Spring, Air, and Gas Guns ($16M), Plastic Pipes ($10.2M), and Office Machine Parts ($8.69M). Over the past 5 years the exports of Czechia to Vietnam have decreased at an annualized rate of 4.41%, from $164M in 2018 to $131M in 2023.

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

Vietnam-Czechia Trade: In 2023, Vietnam exported $2.48B to Czechia. The main products that Vietnam exported to Czechia were Broadcasting Equipment ($634M), Integrated Circuits ($234M), and Textile Footwear ($173M). Over the past 5 years the exports of Vietnam to Czechia have increased at an annualized rate of 19.9%, from $1B in 2018 to $2.48B in 2023.

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

Comparison: In 2023, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Czechia exported $131M to Vietnam. The main products exported from Czechia to Vietnam were Spring, Air, and Gas Guns ($16M), Plastic Pipes ($10.2M), and Office Machine Parts ($8.69M). During the last 5 years the exports of Czechia to Vietnam have decreased at an annualized rate of 4.41%, from $164M in 2018 to $131M in 2023.

In 2018, Vietnam exported $2.48B to Czechia. The main products exported from Vietnam to Czechia were Broadcasting Equipment ($634M), Integrated Circuits ($234M), and Textile Footwear ($173M). During the last 5 years the exports of Vietnam to Czechia have increased at an annualized rate of 19.9%, from $1B in 2023 to $2.48B in 2018.

Exports from Czechia () to Vietnam () (2023)

Exports from Vietnam () to Czechia () (2023)

Latest Data

Trade between Czechia () and Vietnam ()

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$64.2B

Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Czechia than Vietnam included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Vietnam than Czechia included United States ($118B), China ($85.7B), and Japan ($25.1B).

Difference in imports from Vietnam () and Czechia () (2023)

Comparative Advantage Czechia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Czechia had a large net trade with Vietnam in the exports of Machines ($43.8M), Transportation ($17.2M), and Weapons ($16.5M).

During 2018, Vietnam had a large net trade with Czechia in the exports of Machines ($1.53B), Footwear and Headwear ($351M), and Textiles ($185M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Vietnam+$10.8MTelephones

Top Product Potential Vietnam Czechia+$234MTelephones

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Czechia () to Vietnam () (2023)

Exports from Vietnam () to Czechia () (2023)

Latest Data

Trade between Czechia () and Vietnam ()

Czechia Exports

Market Competitiveness

Difference in imports from Vietnam () and Czechia () (2023)

Comparative Advantage Czechia - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Czechia () and Vietnam () (2023)

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