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2023
Flag → Flag
Exports $9.81BRnk 8 / 142
2023
Flag → Flag
Top Product $1.9BBroadcasting Equipment
2023
Flag → Flag
Exports $573MRnk 37 / 215
2023
Flag → Flag
Top Product $81.4MSoybeans
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Vietnam-Canada Trade: In 2023, Vietnam exported $9.81B to Canada. The main products that Vietnam exported to Canada were Broadcasting Equipment ($1.9B), Computers ($572M), and Microphones and Headphones ($358M). Over the past 5 years the exports of Vietnam to Canada have increased at an annualized rate of 18.9%, from $4.13B in 2018 to $9.81B in 2023.

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

Canada-Vietnam Trade: In 2023, Canada exported $573M to Vietnam. The main products that Canada exported to Vietnam were Soybeans ($81.4M), Wheat ($75.9M), and Crustaceans ($31.3M). Over the past 5 years the exports of Canada to Vietnam have decreased at an annualized rate of 6.66%,  from $866M in 2018 to $573M in 2023.

In 2020, Canada exported services to Vietnam worth $439M, with Travel ($429M), Financial services ($5.97M), and Transportation ($2.98M) being the largest in terms of value.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $9.81B to Canada. The main products exported from Vietnam to Canada were Broadcasting Equipment ($1.9B), Computers ($572M), and Microphones and Headphones ($358M). During the last 5 years the exports of Vietnam to Canada have increased at an annualized rate of 18.9%, from $4.13B in 2018 to $9.81B in 2023.

In 2018, Canada exported $573M to Vietnam. The main products exported from Canada to Vietnam were Soybeans ($81.4M), Wheat ($75.9M), and Crustaceans ($31.3M). During the last 5 years the exports of Canada to Vietnam have decreased at an annualized rate of 6.66%, from $866M in 2023 to $573M in 2018.

Exports from Vietnam (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Canada (Flag)

Canada Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Canada
Top DestinationUnited States$410B

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 2023, countries that imported more from Vietnam than Canada included China ($85.7B), Hong Kong ($17.1B), and Japan ($25.1B).

In 2023, countries that imported more from Canada than Vietnam included United States ($410B), United Kingdom ($18B), and South Korea ($5.1B).

Difference in imports from Canada (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Canada

Flow
Scale

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

During 2023, Vietnam had a large net trade with Canada in the exports of Machines ($4.81B), Textiles ($1.63B), and Footwear and Headwear ($761M).

During 2018, Canada had a large net trade with Vietnam in the exports of Vegetable Products ($173M), Animal Products ($110M), and Chemical Products ($48.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Canada+$327MTelephones
Top Product Potential Canada Vietnam+$31.7MCoal Briquettes

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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Bilateral Service Trade

In 2020, Canada exported services to Vietnam worth $439M, with Travel ($429M), Financial services ($5.97M), and Transportation ($2.98M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Vietnam (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Vietnam (Flag) and Canada (Flag) (2023)

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