Flag Vietnam / Australia Flag

2019
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Exports
: $3.96B, Rnk 18 / 140

2019
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Top Product
: $913M, Broadcasting Equipment

2019
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Exports
: $4.67B, Rnk 12 / 208

2019
FlagFlag
Top Product
: $1.75B, Coal Briquettes

2019
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Economic Complexity (ECI)
: ECI 0.066, Rnk 65 / 146

2019
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Economic Complexity (ECI)
: ECI -0.19, Rnk 79 / 146

2019
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GDP
: $262B, CURRENT US$
Rnk 44 / 187

2009-2019
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GDP GROWTH
: 147%, CURRENT US$
Rnk 13 / 187

2019
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 GDP
: $1.4T, CURRENT US$
Rnk 13 / 187

2009-2019
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GDP GROWTH
: 50.5%, CURRENT US$
Rnk 93 / 187

2019
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GDP PC 
: $2,715, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP PC GROWTH
: 123%, CURRENT US$
Rnk 10 / 187

2019
Flag
GDP PC
: $55,060, CURRENT US$
Rnk 12 / 187

2009-2019
Flag
GDP PC GROWTH
: 28.7%, CURRENT US$
Rnk 95 / 187

Vietnam-Australia In 2019, Vietnam exported $3.96B to Australia. The main products that Vietnam exported to Australia are Broadcasting Equipment ($913M), Video Displays ($244M), and Textile Footwear ($185M). During the last 24 years the exports of Vietnam to Australia have increased at an annualized rate of 13.4%, from $192M in 1995 to $3.96B in 2019.

In 2019, Vietnam did not export any services to Australia.

Australia-Vietnam In 2019, Australia exported $4.67B to Vietnam . The main products that Australia exported to Vietnam were Coal Briquettes ($1.75B), Iron Ore ($482M), and Bovine ($346M). During the last 24 years the exports of Australia to Vietnam have increased at an annualized rate of 16.9%, from $110M in 1995 to $4.67B in 2019.

In 2018, Australia exported services to Vietnam worth $1.26B, with Travel ($1.19B), Transportation ($39.6M), and Personal, cultural, and recreational services ($9.71M) being the largest in terms of value.

Comparison In 2019,  Vietnam ranked 65 in the Economic Complexity Index (ECI 0.066), and 20 in total exports ($280B). That same year, Australia ranked 79 in the Economic Complexity Index (ECI -0.19), and 19 in total exports ($284B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Vietnam exported $3.96B to Australia. The main products exported from Vietnam to Australia were Broadcasting Equipment ($913M), Video Displays ($244M), and Textile Footwear ($185M). During the last 24 years the exports of Vietnam to Australia have increased at an annualized rate of 13.4%, from $192M in 1995 to $3.96B in 2019.

In 2019, Australia exported $4.67B to Vietnam. The main products exported from Australia to Vietnam were Coal Briquettes ($1.75B), Iron Ore ($482M), and Bovine ($346M). During the last 24 years the exports of Australia to Vietnam have increased at an annualized rate of 16.9%, from $110M in 1995 to $4.67B in 2019.

Australia Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $63.7B

Australia
Top Destination
: China, $111B

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

In 2019, countries that imported more from Vietnam than Australia were United States ($63.7B), Germany ($8.22B), and Mexico ($5.01B).

In 2019, countries that imported more from Australia than Vietnam were China ($111B), Japan ($41.5B), and India ($15.3B).

Comparative Advantage Vietnam - Australia

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Depth

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

During 2019, Vietnam had a large net trade with Australia in the exports of Machines ($1.62B), Footwear and Headwear ($361M), and Textiles ($338M).

During 2019, Australia had a large net trade with Vietnam in the exports of Mineral Products ($2.31B), Metals ($810M), and Animal Products ($518M).

Flow

Tariff Section

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

In 2019, the products from Vietnam that paid the highest import tariffs to enter Australia were Cigarettes containing tobacco (100%) and Cigars, cheroots, cigarettes, with tobacco substitute (100%).

In 2019, the products from Australia that paid the highest import tariffs to enter Vietnam were Vegetable preparations: bamboo shoots, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (5%) and Vegetable preparations: vegetables and mixtures of vegetables n.e.c. in heading no. 2005, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (5%).

*The tariffs present between Vietnam and Australia are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
151: Prefential tariff for Australia

Bilateral Service Trade

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In 2018, Australia exported services to Vietnam worth $1.26B, with Travel ($1.19B), Transportation ($39.6M), and Personal, cultural, and recreational services ($9.71M) 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 red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over Australia. Similarly, the more red a dot/product is, the more Australia has comparative advantage over Vietnam.