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2022
Flag → Flag
Exports $3.59BRnk 49 / 223
2022
Flag → Flag
Top Product $209MPackaged Medicaments
2022
Flag → Flag
Exports $10.8BRnk 6 / 152
2022
Flag → Flag
Top Product $1.92BBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
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
Flag
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 Trade: In 2022, Germany exported $3.59B to Vietnam. The main products that Germany exported to Vietnam were Packaged Medicaments ($209M), Vaccines, blood, antisera, toxins and cultures ($191M), and Hydrogen ($171M). Over the past 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 3.01%, from $4.19B in 2017 to $3.59B in 2022.

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

Vietnam-Germany Trade: 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). Over the past 5 years the exports of Vietnam to Germany have increased at an annualized rate of 6.1%,  from $8.04B in 2017 to $10.8B in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €248M and imported €1.25B from Vietnam, resulting in a negative trade balance of €1B. Between August 2023 and August 2024 the exports of Germany have decreased by €-3.18M (-1.27%) from €251M to €248M, while imports increased by €143M (12.9%) from €1.11B to €1.25B.

Trade In August 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 August 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 August 2024 the exports of Germany were mainly from Bavaria (€44.6M), North Rhine-Westphalia (€37.9M), Baden-Württemberg (€32M), Hesse (€16.3M), and Lower Saxony (€15.3M), while imports destinations were mainly Bavaria (€292M), North Rhine-Westphalia (€262M), Hesse (€164M), Baden-Württemberg (€141M), and Hamburg (€106M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Pharmaceutical products (€-23.8M or -60.7%), Plastics (€-4.15M or -48.9%), and Jewellery, goldsmith's or silversmith's wares (€-2.96M or -98.6%). In August 2024, the increase in Germany's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Footwear (€93.8M or 65.5%), Telecommunication devices and apparatus (€46.4M or 30.1%), and Apparel of silk, man-made fibres, excl.... (€23.6M or 50.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-3.18M(-1.27%)
IMPORT GROWTH (August 2023 - August 2024)€143M(12.9%)
MAIN EXPORTER (August 2024)Bavaria€44.6M

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.

Explore Vietnam and Germany Data

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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 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 3.01%, from $4.19B in 2017 to $3.59B in 2022.

In 2017, 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 5 years the exports of Vietnam to Germany have increased at an annualized rate of 6.1%, from $8.04B in 2022 to $10.8B in 2017.

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 2022, countries that imported more from Germany than Vietnam included France ($120B), Netherlands ($109B), and Poland ($88.9B).

In 2022, countries that imported more from Vietnam than Germany included 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 2017, Vietnam had a large net trade with Germany in the exports of Machines ($4.06B), Textiles ($1.51B), and Footwear and Headwear ($1.5B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Vietnam+$156MCars
Top Product Potential Vietnam Germany+$761MTelephones

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 Germany and Vietnam. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Germany.

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

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