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Pricing

2022
Flag → Flag
Exports $3.59BRnk 49 / 223
2022
Flag → Flag
Top Product $209MPackaged Medicaments
2022
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Exports $10.8BRnk 6 / 152
2022
Flag → Flag
Top Product $1.92BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.75Rnk 3 / 124
2022
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Economic Complexity (ECI) ECI 0.062Rnk 60 / 124
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Germany-Vietnam In 2022, Germany exported $3.59B to Vietnam. The main products that Germany exported to Vietnam are Packaged Medicaments ($209M), Vaccines, blood, antisera, toxins and cultures ($191M), and Hydrogen ($171M). During the last 27 years the exports of Germany to Vietnam have increased at an annualized rate of 10.8%, from $223M in 1995 to $3.59B in 2022.

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

Vietnam-Germany In 2022, Vietnam exported $10.8B to Germany. The main products that Vietnam exported to Germany were Broadcasting Equipment ($1.92B), Textile Footwear ($774M), and Coffee ($484M). During the last 27 years the exports of Vietnam to Germany have increased at an annualized rate of 11.6%, from $554M in 1995 to $10.8B in 2022.

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

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B).

Latest Trends

January, 2024

About

Overview In January 2024, Germany exported €241M and imported €1.21B from Vietnam, resulting in a negative trade balance of €968M. Between January 2023 and January 2024 the exports of Germany have increased by €25.1M (11.6%) from €216M to €241M, while imports decreased by €-67.1M (-5.26%) from €1.28B to €1.21B.

Trade In January 2024, the top exports of Germany to Vietnam were Machinery for electricity production, distribution (€29.9M), Other prefabricated chemicals (€17.1M), Pharmaceutical products (€15.4M), Other machinery (€11M), and Measuring and automatical control instruments (€10.8M). In January 2024 the top imports of Germany from Vietnam were Footwear (€237M), Telecommunication devices and apparatus (€200M), Office and automatic data processing machines (€106M), Apparel of silk, man-made fibres, excl.... (€70.2M), and Leather articles, leather apparel (excl. footwear) (€42.4M).

Origins In January 2024 the exports of Germany were mainly from Saxony (€40.8M), North Rhine-Westphalia (€39.5M), Bavaria (€29.8M), Baden-Württemberg (€23.8M), and Lower Saxony (€14.4M), while imports destinations were mainly Hesse (€318M), Bavaria (€211M), North Rhine-Westphalia (€200M), Baden-Württemberg (€104M), and Hamburg (€96.1M).

Growth In January 2024, the increase in Germany's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Machinery for electricity production, distribution (€7.61M or 34.2%), Office and automatic data processing machines (€4.79M or 343%), and Chassis, bodies, engines etc. for motor... (€3.31M or 44.7%). In January 2024, the decrease in Germany's year-by-year imports  from Vietnam was explained primarily by an decrease in product imports  in Other electric machinery, apparatus and appliances (€-11.9M or -50.3%), Plates and sheets of iron or... (€-11.5M or -82%), and Furniture (€-4.62M or -13.3%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€25.1M(11.6%)
IMPORT GROWTH (January 2023 - January 2024)€-67.1M(-5.26%)
MAIN EXPORTER (January 2024)Saxony€40.8M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $3.59B to Vietnam. The main products exported from Germany to Vietnam were Packaged Medicaments ($209M), Vaccines, blood, antisera, toxins and cultures ($191M), and Hydrogen ($171M). During the last 27 years the exports of Germany to Vietnam have increased at an annualized rate of 10.8%, from $223M in 1995 to $3.59B in 2022.

In 2022, Vietnam exported $10.8B to Germany. The main products exported from Vietnam to Germany were Broadcasting Equipment ($1.92B), Textile Footwear ($774M), and Coffee ($484M). During the last 27 years the exports of Vietnam to Germany have increased at an annualized rate of 11.6%, from $554M in 1995 to $10.8B in 2022.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Vietnam
Top DestinationUnited States$117B

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

In 2021, countries that imported more from Germany than Vietnam were France ($120B), Netherlands ($109B), and Poland ($88.9B).

In 2021, countries that imported more from Vietnam than Germany were Hong Kong ($12.7B), Cambodia ($5.74B), and Japan ($25B).

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

Comparative Advantage Germany - Vietnam

Flow
Scale

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

During 2022, Germany had a large net trade with Vietnam in the exports of Machines ($1.01B), Chemical Products ($912M), and Transportation ($447M).

During 2022, Vietnam had a large net trade with Germany in the exports of Machines ($4.06B), Textiles ($1.51B), and Footwear and Headwear ($1.5B).

Economic Complexity

Competitive Landscape

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 Germany has comparative advantage over Vietnam. Similarly, the more yellow a dot/product is, the more Vietnam has comparative advantage over Germany.

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

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