Vietnam (VNM) and Canada (CAN) Trade | OEC - The Observatory of Economic Complexity

About

Vietnam-Canada: In 2019, Vietnam exported $4.72B to Canada. The main products that Vietnam exported to Canada are Broadcasting Equipment ($832M), Textile Footwear ($216M), and Insulated Wire ($206M). During the last 24 years the exports of Vietnam to Canada have increased at an annualized rate of 20.5%, from $54.1M in 1995 to $4.72B in 2019.

In 2019, Vietnam did not exported services to Canada.

Canada-Vietnam: In 2019, Canada exported $784M to Vietnam . The main products that Canada exported to Vietnam were Coal Briquettes ($202M), Wheat ($93.9M), and Soybeans ($45.7M). During the last 24 years the exports of Canada to Vietnam have increased at an annualized rate of 15.4%, from $25.4M in 1995 to $784M in 2019.

In 2017, Canada exported services to Vietnam worth $73M, with Travel ($56M), Transportation ($9M), and Government services, n.i.e. ($8M) 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, Canada ranked 30 in the Economic Complexity Index (ECI 1.01), and 11 in total exports ($431B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2019, Vietnam exported $4.72B to Canada. The main products exported from Vietnam to Canada were Broadcasting Equipment ($832M), Textile Footwear ($216M), and Insulated Wire ($206M). During the last 24 years the exports of Vietnam to Canada have increased at an annualized rate of 20.5%, from $54.1M in 1995 to $4.72B in 2019.

In 2019, Canada exported $784M to Vietnam. The main products exported from Canada to Vietnam were Coal Briquettes ($202M), Wheat ($93.9M), and Soybeans ($45.7M). During the last 24 years the exports of Canada to Vietnam have increased at an annualized rate of 15.4%, from $25.4M in 1995 to $784M in 2019.

Latest Data

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Date

Market Competitiveness

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Measure

SectionYear

Vietnam
Top Destination: United States, $63.7B

Canada
Top Destination: United States, $314B

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

In 2019, countries that imported more from Vietnam than Canada were China ($40.3B), South Korea ($20.3B), and Japan ($21.2B).

In 2019, countries that imported more from Canada than Vietnam were United States ($314B), United Kingdom ($13.8B), and Saudi Arabia ($2.31B).

Comparative Advantage Vietnam - Canada

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Depth

Year

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

During 2019, Vietnam had a large net trade with Canada in the exports of Machines ($1.64B), Textiles ($999M), and Footwear and Headwear ($489M).

During 2019, Canada had a large net trade with Vietnam in the exports of Mineral Products ($206M), Vegetable Products ($153M), and Animal Products ($92.3M).

Tariff Section

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Tariffs

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

In 2018, the products from Vietnam that paid the highest import tariffs to enter Canada were Cigarettes containing tobacco (135%) and Cigars, cheroots, cigarettes, with tobacco substitute (135%).

In 2018, the products from Canada that paid the highest import tariffs to enter Vietnam were Dairy produce: derived from milk, butter (299%) and Milk and cream unsweetened, concentrated (259%).

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

Service Trade

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Bilateral Service Trade

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Can Year

In 2017, Canada exported services to Vietnam worth $73M, with Travel ($56M), Transportation ($9M), and Government services, n.i.e. ($8M) 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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Year

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 Canada. Similarly, the more red a dot/product is, the more Canada has comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Vietnam - Canada

Tariff Section

Tariffs

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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