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2023
Flag → Flag
Exports $9.22BRnk 10 / 142
2023
Flag → Flag
Top Product $2.41BBroadcasting Equipment
2023
Flag → Flag
Exports $920MRnk 51 / 223
2023
Flag → Flag
Top Product $89.2MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Vietnam-United Kingdom Trade: In 2023, Vietnam exported $9.22B to United Kingdom. The main products that Vietnam exported to United Kingdom were Broadcasting Equipment ($2.41B), Textile Footwear ($672M), and Leather Footwear ($456M). Over the past 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 9.06%, from $5.97B in 2018 to $9.22B in 2023.

In 2023, Vietnam did not export any services to United Kingdom.

United Kingdom-Vietnam Trade: In 2023, United Kingdom exported $920M to Vietnam. The main products that United Kingdom exported to Vietnam were Packaged Medicaments ($89.2M), Recovered Paper ($75.5M), and Hard Liquor ($68.5M). Over the past 5 years the exports of United Kingdom to Vietnam have decreased at an annualized rate of 1.08%,  from $972M in 2018 to $920M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $9.22B to United Kingdom. The main products exported from Vietnam to United Kingdom were Broadcasting Equipment ($2.41B), Textile Footwear ($672M), and Leather Footwear ($456M). During the last 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 9.06%, from $5.97B in 2018 to $9.22B in 2023.

In 2018, United Kingdom exported $920M to Vietnam. The main products exported from United Kingdom to Vietnam were Packaged Medicaments ($89.2M), Recovered Paper ($75.5M), and Hard Liquor ($68.5M). During the last 5 years the exports of United Kingdom to Vietnam have decreased at an annualized rate of 1.08%, from $972M in 2023 to $920M in 2018.

Exports from Vietnam (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Vietnam than United Kingdom included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from United Kingdom than Vietnam included Ireland ($29.1B), France ($25.8B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - United Kingdom

Flow
Scale

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

During 2023, Vietnam had a large net trade with United Kingdom in the exports of Machines ($4.32B), Footwear and Headwear ($1.39B), and Textiles ($1.14B).

During 2018, United Kingdom had a large net trade with Vietnam in the exports of Machines ($169M), Chemical Products ($162M), and Foodstuffs ($117M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam United Kingdom+$530MTelephones
Top Product Potential United Kingdom Vietnam+$57.6MPackaged Medicaments

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

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

Product Space of Vietnam (Flag) and United Kingdom (Flag) (2023)

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