Flag Vietnam / Canada Flag

2019
FlagFlag
Exports
: $4.72B, Rnk 15 / 140

2019
FlagFlag
Top Product
: $832M, Broadcasting Equipment

2019
FlagFlag
Exports
: $784M, Rnk 27 / 214

2019
FlagFlag
Top Product
: $202M, Coal Briquettes

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

2019
Flag
Economic Complexity (ECI)
: ECI 1.01, Rnk 30 / 146

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

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

2019
Flag
 GDP
: $1.74T, CURRENT US$
Rnk 10 / 187

2009-2019
Flag
GDP GROWTH
: 26.6%, CURRENT US$
Rnk 134 / 187

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

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

2019
Flag
GDP PC
: $46,195, CURRENT US$
Rnk 20 / 187

2009-2019
Flag
GDP PC GROWTH
: 13.3%, CURRENT US$
Rnk 132 / 187

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 export any 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

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

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.

Canada Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

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

#permalink to section
Depth

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

#permalink to section

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

Bilateral Service Trade

#permalink to section

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

#permalink to section

Competitive Landscape

#permalink to section

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.