Vietnam (VNM) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Vietnam-Germany Trade: In 2023, Vietnam exported $14.1B to Germany. The main products that Vietnam exported to Germany were Broadcasting Equipment ($2.15B), Textile Footwear ($1.1B), and Leather Footwear ($895M). Over the past 5 years the exports of Vietnam to Germany have increased at an annualized rate of 4.72%, from $11.2B in 2018 to $14.1B in 2023.

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

Germany-Vietnam Trade: In 2023, Germany exported $3.79B to Vietnam. The main products that Germany exported to Vietnam were Planes, Helicopters, and/or Spacecraft ($487M), Hydrogen ($396M), and Packaged Medicaments ($225M). Over the past 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 5.58%, from $5.05B in 2018 to $3.79B in 2023.

In 2023, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $14.1B to Germany. The main products exported from Vietnam to Germany were Broadcasting Equipment ($2.15B), Textile Footwear ($1.1B), and Leather Footwear ($895M). During the last 5 years the exports of Vietnam to Germany have increased at an annualized rate of 4.72%, from $11.2B in 2018 to $14.1B in 2023.

In 2018, Germany exported $3.79B to Vietnam. The main products exported from Germany to Vietnam were Planes, Helicopters, and/or Spacecraft ($487M), Hydrogen ($396M), and Packaged Medicaments ($225M). During the last 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 5.58%, from $5.05B in 2023 to $3.79B in 2018.

Exports from Vietnam () to Germany () (2023)

Exports from Germany () to Vietnam () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Germany
Top DestinationUnited States$157B

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

In 2023, countries that imported more from Vietnam than Germany included Hong Kong ($17.1B), Japan ($25.1B), and Cambodia ($3.61B).

In 2023, countries that imported more from Germany than Vietnam included France ($118B), Netherlands ($108B), and Italy ($94.7B).

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

Comparative Advantage Vietnam - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Germany in the exports of Machines ($5.38B), Footwear and Headwear ($2.67B), and Textiles ($2.18B).

During 2018, Germany had a large net trade with Vietnam in the exports of Machines ($999M), Chemical Products ($916M), and Transportation ($715M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Germany+$761MTelephones

Top Product Potential Germany Vietnam+$156MCars

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 Germany. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Germany () (2023)

Exports from Germany () to Vietnam () (2023)

Market Competitiveness

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

Comparative Advantage Vietnam - Germany

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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