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2023
Flag → Flag
Exports $920MRnk 51 / 223
2023
Flag → Flag
Top Product $89.2MPackaged Medicaments
2023
Flag → Flag
Exports $9.22BRnk 10 / 142
2023
Flag → Flag
Top Product $2.41BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

United Kingdom-Vietnam Trade: In 2023, United Kingdom exported $920M to Vietnam. The main products that United Kingdom exported to Vietnam were Packaged Medicaments ($89.2M), Recovered Paper ($75.5M), and Hard Liquor ($68.5M). Over the past 5 years the exports of United Kingdom to Vietnam have decreased at an annualized rate of 1.08%, from $972M in 2018 to $920M in 2023.

In 2023, United Kingdom did not export any services to Vietnam.

Vietnam-United Kingdom Trade: In 2023, Vietnam exported $9.22B to United Kingdom. The main products that Vietnam exported to United Kingdom were Broadcasting Equipment ($2.41B), Textile Footwear ($672M), and Leather Footwear ($456M). Over the past 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 9.06%,  from $5.97B in 2018 to $9.22B in 2023.

In 2023, Vietnam did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £87.3M and imported £887M from Vietnam, resulting in a negative trade balance of £800M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £31.1M (55.4%) from £56.2M to £87.3M, while imports increased by £475M (115%) from £413M to £887M.

Trade In November 2024, the top exports of United Kingdom to Vietnam were Recovered Paper (£8.19M), Packaged Medicaments (£3.43M), Knit Women's Suits (£3.1M), Hard Liquor (£2.75M), and Animal Meal and Pellets (£2.4M). In November 2024 the top imports of United Kingdom from Vietnam were Telephones (£218M), Textile Footwear (£23.3M), Coated Flat-Rolled Iron (£15.8M), Other Furniture (£15.2M), and Computers (£15.1M).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£23.4M), Felixstowe (£15.3M), Tyne (£13.7M), London Gateway (£13.6M), and Southampton (£7.96M), while imports destinations were mainly Felixstowe (£140M), London Heathrow Airport (£85.9M), Southampton (£81.6M), and Middlesbrough (£57.3M).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Rubberworking Machinery (£2.05M or 59.5k%), Animal Meal and Pellets (£1.54M or 179%), and Recovered Paper (£1.44M or 21.4%). In November 2024, the increase in United Kingdom's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Telephones (£111M or 104%), Textile Footwear (£9.28M or 66.2%), and Leather Footwear (£6.02M or 70.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£31.1M(55.4%)
IMPORT GROWTH (November 2023 - November 2024)£475M(115%)
MAIN EXPORTER (November 2024)London Heathrow Airport£23.4M

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

To check Vietnam and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $920M to Vietnam. The main products exported from United Kingdom to Vietnam were Packaged Medicaments ($89.2M), Recovered Paper ($75.5M), and Hard Liquor ($68.5M). During the last 5 years the exports of United Kingdom to Vietnam have decreased at an annualized rate of 1.08%, from $972M in 2018 to $920M in 2023.

In 2018, Vietnam exported $9.22B to United Kingdom. The main products exported from Vietnam to United Kingdom were Broadcasting Equipment ($2.41B), Textile Footwear ($672M), and Leather Footwear ($456M). During the last 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 9.06%, from $5.97B in 2023 to $9.22B in 2018.

Exports from United Kingdom (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from United Kingdom than Vietnam included Ireland ($29.1B), France ($25.8B), and Netherlands ($29.8B).

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

Difference in imports from Vietnam (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Vietnam

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Vietnam in the exports of Machines ($169M), Chemical Products ($162M), and Foodstuffs ($117M).

During 2018, Vietnam had a large net trade with United Kingdom in the exports of Machines ($4.32B), Footwear and Headwear ($1.39B), and Textiles ($1.14B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Vietnam+$57.6MPackaged Medicaments
Top Product Potential Vietnam United Kingdom+$530MTelephones

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

Product Space of United Kingdom (Flag) and Vietnam (Flag) (2023)

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