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2023
Flag → Flag
Exports $7.54BRnk 10 / 213
2023
Flag → Flag
Top Product $1.5BCoal Briquettes
2023
Flag → Flag
Exports $5.3BRnk 16 / 142
2023
Flag → Flag
Top Product $669MRice
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
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GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Indonesia-Vietnam Trade: In 2023, Indonesia exported $7.54B to Vietnam. The main products that Indonesia exported to Vietnam were Coal Briquettes ($1.5B), Large Flat-Rolled Stainless Steel ($901M), and Palm Oil ($577M). Over the past 5 years the exports of Indonesia to Vietnam have increased at an annualized rate of 7.87%, from $5.16B in 2018 to $7.54B in 2023.

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

Vietnam-Indonesia Trade: In 2023, Vietnam exported $5.3B to Indonesia. The main products that Vietnam exported to Indonesia were Rice ($669M), Hot-Rolled Iron ($240M), and Light Rubberized Knitted Fabric ($182M). Over the past 5 years the exports of Vietnam to Indonesia have increased at an annualized rate of 7.13%,  from $3.76B in 2018 to $5.3B in 2023.

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

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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
Value

In 2023, Indonesia exported $7.54B to Vietnam. The main products exported from Indonesia to Vietnam were Coal Briquettes ($1.5B), Large Flat-Rolled Stainless Steel ($901M), and Palm Oil ($577M). During the last 5 years the exports of Indonesia to Vietnam have increased at an annualized rate of 7.87%, from $5.16B in 2018 to $7.54B in 2023.

In 2018, Vietnam exported $5.3B to Indonesia. The main products exported from Vietnam to Indonesia were Rice ($669M), Hot-Rolled Iron ($240M), and Light Rubberized Knitted Fabric ($182M). During the last 5 years the exports of Vietnam to Indonesia have increased at an annualized rate of 7.13%, from $3.76B in 2023 to $5.3B in 2018.

Exports from Indonesia (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to Indonesia (Flag) (2023)

Latest Data

Trade between Indonesia (Flag) and Vietnam (Flag)

Indonesia Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Indonesia than Vietnam included India ($24B), Singapore ($15.8B), and South Korea ($10.3B).

In 2023, countries that imported more from Vietnam than Indonesia included United States ($118B), China ($85.7B), and Hong Kong ($17.1B).

Difference in imports from Vietnam (Flag) and Indonesia (Flag) (2023)

Comparative Advantage Indonesia - Vietnam

Flow
Scale

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

During 2023, Indonesia had a large net trade with Vietnam in the exports of Mineral Products ($1.66B), Metals ($1.63B), and Transportation ($771M).

During 2018, Vietnam had a large net trade with Indonesia in the exports of Machines ($1.17B), Vegetable Products ($760M), and Textiles ($610M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Vietnam+$219MCoal Briquettes
Top Product Potential Vietnam Indonesia+$306MTelephones

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

Product Space of Indonesia (Flag) and Vietnam (Flag) (2023)

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