Flag Vietnam / Australia Flag

2020
FlagFlag
Exports
: $4.07B, Rnk 16 / 143

2020
FlagFlag
Top Product
: $848M, Broadcasting Equipment

2020
FlagFlag
Exports
: $4.97B, Rnk 11 / 211

2020
FlagFlag
Top Product
: $1.94B, Coal Briquettes

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

2020
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Economic Complexity (ECI)
: ECI -0.31, Rnk 74 / 127

2020
Flag  
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
: $1.33T, CURRENT US$
Rnk 13 / 195

2010-2020
Flag
GDP GROWTH
: 15.7%, CURRENT US$
Rnk 128 / 195

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

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

2020
Flag
GDP PC
: $51,693, CURRENT US$
Rnk 14 / 195

2010-2020
Flag
GDP PC GROWTH
: -0.76%, CURRENT US$
Rnk 142 / 195

Vietnam-Australia In 2020, Vietnam exported $4.07B to Australia. The main products that Vietnam exported to Australia are Broadcasting Equipment ($848M), Video Displays ($274M), and Textile Footwear ($196M). During the last 25 years the exports of Vietnam to Australia have increased at an annualized rate of 13%, from $190M in 1995 to $4.07B in 2020.

In 2020, Vietnam did not export any services to Australia.

Australia-Vietnam In 2020, Australia exported $4.97B to Vietnam. The main products that Australia exported to Vietnam were Coal Briquettes ($1.94B), Iron Ore ($743M), and Bovine ($373M). During the last 25 years the exports of Australia to Vietnam have increased at an annualized rate of 16.5%, from $110M in 1995 to $4.97B in 2020.

In 2009, Australia exported services to Vietnam worth $605M, with Travel ($561M), Other business services ($31.7M), and Transportation ($3.96M) being the largest in terms of value.

Comparison In 2020,  Vietnam ranked 61 in the Economic Complexity Index (ECI -0.057), and 16 in total exports ($300B). That same year, Australia ranked 74 in the Economic Complexity Index (ECI -0.31), and 22 in total exports ($250B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Vietnam exported $4.07B to Australia. The main products exported from Vietnam to Australia were Broadcasting Equipment ($848M), Video Displays ($274M), and Textile Footwear ($196M). During the last 25 years the exports of Vietnam to Australia have increased at an annualized rate of 13%, from $190M in 1995 to $4.07B in 2020.

In 2020, Australia exported $4.97B to Vietnam. The main products exported from Australia to Vietnam were Coal Briquettes ($1.94B), Iron Ore ($743M), and Bovine ($373M). During the last 25 years the exports of Australia to Vietnam have increased at an annualized rate of 16.5%, from $110M in 1995 to $4.97B in 2020.

Australia Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $77B

Australia
Top Destination
: China, $102B

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 ($77B), Hong Kong ($13.8B), and Germany ($8.18B).

In 2019, countries that imported more from Australia than Vietnam were China ($102B), Japan ($31.8B), and India ($11.3B).

Comparative Advantage Vietnam - Australia

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Flow

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

During 2020, Vietnam had a large net trade with Australia in the exports of Machines ($1.62B), Textiles ($360M), and Footwear and Headwear ($344M).

During 2020, Australia had a large net trade with Vietnam in the exports of Mineral Products ($2.75B), Metals ($714M), and Animal Products ($562M).

Bilateral Service Trade

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In 2009, Australia exported services to Vietnam worth $605M, with Travel ($561M), Other business services ($31.7M), and Transportation ($3.96M) 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 Vietnam has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over Vietnam.