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2023
Flag → Flag
Exports $158MRnk 40 / 150
2023
Flag → Flag
Top Product $25MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $1.05BRnk 34 / 142
2023
Flag → Flag
Top Product $373MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.28Rnk 19 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH42.5%CURRENT US$
Rnk 56 / 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

Israel-Vietnam Trade: In 2023, Israel exported $158M to Vietnam. The main products that Israel exported to Vietnam were Mixed Mineral or Chemical Fertilizers ($25M), Broadcasting Equipment ($19.1M), and Gas Turbines ($12.3M). Over the past 5 years the exports of Israel to Vietnam have decreased at an annualized rate of 17.9%, from $424M in 2018 to $158M in 2023.

In 2012, Israel exported services to Vietnam worth $14.1M, with Computer and information services ($14.1M) being the largest in terms of value.

Vietnam-Israel Trade: In 2023, Vietnam exported $1.05B to Israel. The main products that Vietnam exported to Israel were Broadcasting Equipment ($373M), Leather Footwear ($91M), and Textile Footwear ($41.4M). Over the past 5 years the exports of Vietnam to Israel have increased at an annualized rate of 2.02%,  from $952M in 2018 to $1.05B in 2023.

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

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $158M to Vietnam. The main products exported from Israel to Vietnam were Mixed Mineral or Chemical Fertilizers ($25M), Broadcasting Equipment ($19.1M), and Gas Turbines ($12.3M). During the last 5 years the exports of Israel to Vietnam have decreased at an annualized rate of 17.9%, from $424M in 2018 to $158M in 2023.

In 2018, Vietnam exported $1.05B to Israel. The main products exported from Vietnam to Israel were Broadcasting Equipment ($373M), Leather Footwear ($91M), and Textile Footwear ($41.4M). During the last 5 years the exports of Vietnam to Israel have increased at an annualized rate of 2.02%, from $952M in 2023 to $1.05B in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Vietnam (Flag)

Israel Exports

Market Competitiveness

Color
Israel
Top DestinationUnited States$20.3B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Israel than Vietnam included Ireland ($4.22B), Egypt ($2.23B), and South Korea ($1.05B).

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

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

Comparative Advantage Israel - Vietnam

Flow
Scale

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

During 2023, Israel had a large net trade with Vietnam in the exports of Machines ($78.3M), Chemical Products ($36.4M), and Instruments ($18.6M).

During 2018, Vietnam had a large net trade with Israel in the exports of Machines ($577M), Footwear and Headwear ($152M), and Textiles ($91.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Vietnam+$61.1MIntegrated Circuits
Top Product Potential Vietnam Israel+$112MTelephones

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

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

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