Flag South Korea / Vietnam Flag

2020
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Exports
: $48B, Rnk 3 / 218

2020
FlagFlag
Top Product
: $10.5B, Integrated Circuits

2020
FlagFlag
Exports
: $19.6B, Rnk 4 / 143

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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Economic Complexity (ECI)
: ECI -0.057, Rnk 61 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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 GDP
: $271B, CURRENT US$
Rnk 41 / 195

2010-2020
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GDP GROWTH
: 134%, CURRENT US$
Rnk 8 / 195

2020
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GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
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GDP PC
: $2,786, CURRENT US$
Rnk 139 / 195

2010-2020
Flag
GDP PC GROWTH
: 111%, CURRENT US$
Rnk 7 / 195

South Korea-Vietnam In 2020, South Korea exported $48B to Vietnam. The main products that South Korea exported to Vietnam are Integrated Circuits ($10.5B), Telephones ($9.13B), and Broadcasting Accessories ($2.38B). During the last 25 years the exports of South Korea to Vietnam have increased at an annualized rate of 15.4%, from $1.35B in 1995 to $48B in 2020.

In 2005, South Korea exported services to Vietnam worth $385M, with Transportation ($257M), Other business services ($39.4M), and Travel ($38.7M) being the largest in terms of value.

Vietnam-South Korea In 2020, Vietnam exported $19.6B to South Korea. The main products that Vietnam exported to South Korea were N/A. During the last 25 years the exports of Vietnam to South Korea have increased at an annualized rate of 20.5%, from $186M in 1995 to $19.6B in 2020.

In 2020, Vietnam did not export any services to South Korea.

Comparison In 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Vietnam ranked 61 in the Economic Complexity Index (ECI -0.057), and 16 in total exports ($300B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, South Korea exported $48B to Vietnam. The main products exported from South Korea to Vietnam were Integrated Circuits ($10.5B), Telephones ($9.13B), and Broadcasting Accessories ($2.38B). During the last 25 years the exports of South Korea to Vietnam have increased at an annualized rate of 15.4%, from $1.35B in 1995 to $48B in 2020.

In 2020, Vietnam exported $19.6B to South Korea. There were not main exports from Vietnam to South Korea in 2020. During the last 25 years the exports of Vietnam to South Korea have increased at an annualized rate of 20.5%, from $186M in 1995 to $19.6B in 2020.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $131B

Vietnam
Top Destination
: United States, $77B

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

In 2019, countries that imported more from South Korea than Vietnam were China ($131B), Hong Kong ($30.9B), and Chinese Taipei ($17.4B).

In 2019, countries that imported more from Vietnam than South Korea were Cambodia ($4.39B), Netherlands ($7.12B), and United States ($77B).

Comparative Advantage South Korea - Vietnam

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Flow

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

During 2020, South Korea had a large net trade with Vietnam in the exports of Machines ($30.6B), Metals ($3.6B), and Plastics and Rubbers ($3.23B).

During 2020, Vietnam had a large net trade with South Korea in the exports of Machines ($10.4B), Textiles ($3.74B), and Footwear and Headwear ($788M).

Bilateral Service Trade

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In 2005, South Korea exported services to Vietnam worth $385M, with Transportation ($257M), Other business services ($39.4M), and Travel ($38.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Vietnam. Similarly, the more yellow a dot/product is, the more Vietnam has comparative advantage over South Korea.