Vietnam (VNM) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Vietnam-Benin Trade: In 2023, Vietnam exported $2.09M to Benin. The main products that Vietnam exported to Benin were Rice ($1.01M), Bedspreads ($162k), and Asbestos Cement Articles ($142k). Over the past 5 years the exports of Vietnam to Benin have decreased at an annualized rate of 7.73%, from $3.12M in 2018 to $2.09M in 2023.

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

Benin-Vietnam Trade: In 2023, Benin exported $17.7M to Vietnam. The main products that Benin exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($9.15M), Raw Cotton ($7.51M), and Cotton Waste ($729k). Over the past 5 years the exports of Benin to Vietnam have decreased at an annualized rate of 28.5%, from $95M in 2018 to $17.7M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $2.09M to Benin. The main products exported from Vietnam to Benin were Rice ($1.01M), Bedspreads ($162k), and Asbestos Cement Articles ($142k). During the last 5 years the exports of Vietnam to Benin have decreased at an annualized rate of 7.73%, from $3.12M in 2018 to $2.09M in 2023.

In 2018, Benin exported $17.7M to Vietnam. The main products exported from Benin to Vietnam were Coconuts, Brazil Nuts, and Cashews ($9.15M), Raw Cotton ($7.51M), and Cotton Waste ($729k). During the last 5 years the exports of Benin to Vietnam have decreased at an annualized rate of 28.5%, from $95M in 2023 to $17.7M in 2018.

Exports from Vietnam () to Benin () (2023)

Exports from Benin () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Benin ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Benin
Top DestinationUnited Arab Emirates$803M

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

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

In 2023, countries that imported more from Benin than Vietnam included Bangladesh ($391M), Chad ($36.7M), and Togo ($53.9M).

Difference in imports from Benin () and Vietnam () (2023)

Comparative Advantage Vietnam - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Benin in the exports of Vegetable Products ($1.03M), Textiles ($256k), and Machines ($177k).

During 2018, Benin had a large net trade with Vietnam in the exports of Vegetable Products ($9.15M), Textiles ($8.24M), and Foodstuffs ($322k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Benin+$2.02MRice

Top Product Potential Benin Vietnam+$10.6MRaw Cotton

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

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and Benin. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Benin () (2023)

Exports from Benin () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Benin ()

Benin Exports

Market Competitiveness

Difference in imports from Benin () and Vietnam () (2023)

Comparative Advantage Vietnam - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Benin () (2023)

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