Flag Vietnam / China Flag

2019
FlagFlag
Exports
: $40.3B, Rnk 2 / 140

2019
FlagFlag
Top Product
: $8.53B, Telephones

2019
FlagFlag
Exports
: $91.1B, Rnk 6 / 209

2019
FlagFlag
Top Product
: $8.78B, Integrated Circuits

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

2019
Flag
Economic Complexity (ECI)
: ECI 1.01, Rnk 29 / 146

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

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

2019
Flag
 GDP
: $14.3T, CURRENT US$
Rnk 2 / 187

2009-2019
Flag
GDP GROWTH
: 181%, CURRENT US$
Rnk 6 / 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
: $10,262, CURRENT US$
Rnk 71 / 187

2009-2019
Flag
GDP PC GROWTH
: 168%, CURRENT US$
Rnk 2 / 187

Vietnam-China In 2019, Vietnam exported $40.3B to China. The main products that Vietnam exported to China are Telephones ($8.53B), Integrated Circuits ($6.41B), and Non-Retail Pure Cotton Yarn ($2.11B). During the last 24 years the exports of Vietnam to China have increased at an annualized rate of 22.6%, from $304M in 1995 to $40.3B in 2019.

In 2019, Vietnam did not export any services to China.

China-Vietnam In 2019, China exported $91.1B to Vietnam . The main products that China exported to Vietnam were Integrated Circuits ($8.78B), Telephones ($6.09B), and Light Rubberized Knitted Fabric ($3.06B). During the last 24 years the exports of China to Vietnam have increased at an annualized rate of 22.4%, from $718M in 1995 to $91.1B in 2019.

In 2019, China did not export any services to Vietnam.

Comparison In 2019,  Vietnam ranked 65 in the Economic Complexity Index (ECI 0.066), and 20 in total exports ($280B). That same year, China ranked 29 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($2.57T).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Vietnam exported $40.3B to China. The main products exported from Vietnam to China were Telephones ($8.53B), Integrated Circuits ($6.41B), and Non-Retail Pure Cotton Yarn ($2.11B). During the last 24 years the exports of Vietnam to China have increased at an annualized rate of 22.6%, from $304M in 1995 to $40.3B in 2019.

In 2019, China exported $91.1B to Vietnam. The main products exported from China to Vietnam were Integrated Circuits ($8.78B), Telephones ($6.09B), and Light Rubberized Knitted Fabric ($3.06B). During the last 24 years the exports of China to Vietnam have increased at an annualized rate of 22.4%, from $718M in 1995 to $91.1B in 2019.

Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $63.7B

China
Top Destination
: United States, $429B

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

In 2019, no countries were registered that imported more from Vietnam than from China.

In 2019, countries that imported more from China than Vietnam were United States ($429B), Hong Kong ($268B), and Japan ($152B).

Comparative Advantage Vietnam - China

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Depth

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

During 2019, Vietnam had a large net trade with China in the exports of Machines ($21.2B), Textiles ($4.14B), and Vegetable Products ($2.48B).

During 2019, China had a large net trade with Vietnam in the exports of Machines ($40.7B), Textiles ($11.5B), and Metals ($9.06B).

Tariff Section

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

In 2018, the products from Vietnam that paid the highest import tariffs to enter China were Birds' eggs, in shell: fresh, not for incubation, of fowls of the species Gallus domesticus (domestic hens) (50%) and Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (50%).

In 2018, the products from China that paid the highest import tariffs to enter Vietnam were Maize except seed corn (50%) and Wheat or meslin flour (50%).

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

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 red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over China. Similarly, the more red a dot/product is, the more China has comparative advantage over Vietnam.