Flag Vietnam / China Flag

Exports Flag β†’ Flag  (2018): $53.8B, Rnk 1 / 126

Top Product Flag β†’ Flag (2018): $16.8B, Telephones

Exports Flag β†’ Flag (2018): $83.3B, Rnk 6 / 206

Top Product Flag β†’ Flag (2018): $6.59B, Telephones

Economic Complexity of Flag (2018): ECI -0.28, Rnk 81 / 137

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

GDP Flag (2018): $245B, CURRENT US$
Rnk 45 / 196

GDP GROWTH Flag (2008-2018): 147%, CURRENT US$
Rnk 10 / 196

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP PC Flag (2018): $2,567, CURRENT US$
Rnk 141 / 196

GDP PC GROWTH Flag (2008-2018): 123%, CURRENT US$
Rnk 8 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

Vietnam-China: In 2018, Vietnam exported $53.8B to China. The main products exported from Vietnam to China were Telephones ($16.8B), Integrated Circuits ($7.29B), and Broadcasting Accessories ($4.2B). During the last 23 years the exports of Vietnam to China have increased at an annualized rate of 25.2%, from $304M in 1995 to $53.8B in 2018.

China-Vietnam: In 2018, China exported $83.3B to Vietnam. The main products exported from China to Vietnam were Telephones ($6.59B), Integrated Circuits ($5.79B), and Light Rubberized Knitted Fabric ($3.04B). During the last 23 years the exports of China to Vietnam have increased at an annualized rate of 23%, from $718M in 1995 to $83.3B in 2018.

Comparison: In 2018, Vietnam ranked 81 in the Economic Complexity Index (ECI -0.28), and 19 in total exports ($274B). That same year, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). In terms of GDP Per Capita, Vietnam was ranked 141 with a GDP Per Capita of $2,567, and China was ranked 78 with a GDP Per Capita of $9,771.

Bilateral Trade by Products

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Depth
Value

In 2018, Vietnam exported $53.8B to China. The main products exported from Vietnam to China were Telephones ($16.8B), Integrated Circuits ($7.29B), and Broadcasting Accessories ($4.2B). During the last 23 years the exports of Vietnam to China have increased at an annualized rate of 25.2%, from $304M in 1995 to $53.8B in 2018.

In 2018, China exported $83.3B to Vietnam. The main products exported from China to Vietnam were Telephones ($6.59B), Integrated Circuits ($5.79B), and Light Rubberized Knitted Fabric ($3.04B). During the last 23 years the exports of China to Vietnam have increased at an annualized rate of 23%, from $718M in 1995 to $83.3B in 2018.

Market Competitiveness

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Measure

Vietnam
Top Destination
: China, $53.8B

China
Top Destination
: United States, $499B

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

In 2018, countries that imported more from Vietnam than China were Slovakia ($5.4B).

In 2018, countries that imported more from China than Vietnam were United States ($499B), Hong Kong ($282B), and Japan ($155B).

Comparative Advantage Vietnam - China

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Depth

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

During 2018, Vietnam had a large net trade with China in the exports of Machines ($35.6B), Textiles ($4.28B), and Plastics and Rubbers ($2.12B).

During 2018, China had a large net trade with Vietnam in the exports of Machines ($31.6B), Textiles ($15.8B), and Metals ($9.16B).

Tariff Section

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This sections shows import tariffs for products traded between Vietnam and China (using the HS6 product classification and the last year reported).

In 2018, the products from Vietnam that paid the highest import tariffs to enter China were Birds' eggs, in shell: fresh, not for incubation, of fowls of the species Gallus domesticus (domestic hens) (50%) and Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (50%).

In 2018, the products from China that paid the highest import tariffs to enter Vietnam were Maize except seed corn (50%) and Wheat or meslin flour (50%).

Explore Tariff Data

*The tariffs present between Vietnam and China are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
184: Preferential tariff for China

Trade Forecasts

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This section shows a forecast for total trade between Vietnam and China. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over China. Similarly, the more red a dot/product is, the more China has comparative advantage over Vietnam.