Hong Kong (HKG) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Hong Kong-Vietnam Trade: In 2022, Hong Kong exported $3.77B to Vietnam. The main products that Hong Kong exported to Vietnam were Integrated Circuits ($474M), Gas Turbines ($331M), and Telephones ($330M). Over the past 5 years the exports of Hong Kong to Vietnam have increased at an annualized rate of 42.9%, from $632M in 2017 to $3.77B in 2022.

In 2022, Hong Kong did not export any services to Vietnam.

Vietnam-Hong Kong Trade: In 2022, Vietnam exported $8.07B to Hong Kong. The main products that Vietnam exported to Hong Kong were Integrated Circuits ($3.27B), Office Machine Parts ($2.66B), and Telephones ($1.7B). Over the past 5 years the exports of Vietnam to Hong Kong have increased at an annualized rate of 117%, from $169M in 2017 to $8.07B in 2022.

In 2022, Vietnam did not export any services to Hong Kong.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $3.77B to Vietnam. The main products exported from Hong Kong to Vietnam were Integrated Circuits ($474M), Gas Turbines ($331M), and Telephones ($330M). During the last 5 years the exports of Hong Kong to Vietnam have increased at an annualized rate of 42.9%, from $632M in 2017 to $3.77B in 2022.

In 2017, Vietnam exported $8.07B to Hong Kong. The main products exported from Vietnam to Hong Kong were Integrated Circuits ($3.27B), Office Machine Parts ($2.66B), and Telephones ($1.7B). During the last 22 years the exports of Vietnam to Hong Kong have increased at an annualized rate of 117%, from $169M in 1995 to $8.07B in 2017.

Exports from Hong Kong () to Vietnam () (2022)

Exports from Vietnam () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Vietnam ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Hong Kong than Vietnam included India ($14.3B), Macau ($2.73B), and Switzerland ($4.11B).

In 2022, countries that imported more from Vietnam than Hong Kong included United States ($117B), China ($58.7B), and Japan ($25B).

Difference in imports from Vietnam () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Vietnam in the exports of Machines ($1.96B), Metals ($258M), and Textiles ($156M).

During 2017, Vietnam had a large net trade with Hong Kong in the exports of Machines ($10.7B), Metals ($362M), and Textiles ($262M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Vietnam+$281MIntegrated Circuits

Top Product Potential Vietnam Hong Kong+$1.26BTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Vietnam () (2022)

Exports from Vietnam () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Vietnam ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Vietnam () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Vietnam () (2022)

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