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2023
Flag → Flag
Exports $5.3BRnk 16 / 142
2023
Flag → Flag
Top Product $669MRice
2023
Flag → Flag
Exports $7.54BRnk 10 / 213
2023
Flag → Flag
Top Product $1.5BCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Vietnam-Indonesia Trade: In 2023, Vietnam exported $5.3B to Indonesia. The main products that Vietnam exported to Indonesia were Rice ($669M), Hot-Rolled Iron ($240M), and Light Rubberized Knitted Fabric ($182M). Over the past 5 years the exports of Vietnam to Indonesia have increased at an annualized rate of 7.13%, from $3.76B in 2018 to $5.3B in 2023.

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

Indonesia-Vietnam Trade: In 2023, Indonesia exported $7.54B to Vietnam. The main products that Indonesia exported to Vietnam were Coal Briquettes ($1.5B), Large Flat-Rolled Stainless Steel ($901M), and Palm Oil ($577M). Over the past 5 years the exports of Indonesia to Vietnam have increased at an annualized rate of 7.87%,  from $5.16B in 2018 to $7.54B in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $5.3B to Indonesia. The main products exported from Vietnam to Indonesia were Rice ($669M), Hot-Rolled Iron ($240M), and Light Rubberized Knitted Fabric ($182M). During the last 5 years the exports of Vietnam to Indonesia have increased at an annualized rate of 7.13%, from $3.76B in 2018 to $5.3B in 2023.

In 2018, Indonesia exported $7.54B to Vietnam. The main products exported from Indonesia to Vietnam were Coal Briquettes ($1.5B), Large Flat-Rolled Stainless Steel ($901M), and Palm Oil ($577M). During the last 5 years the exports of Indonesia to Vietnam have increased at an annualized rate of 7.87%, from $5.16B in 2023 to $7.54B in 2018.

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

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

Latest Data

Trade between Vietnam (Flag) and Indonesia (Flag)

Indonesia Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Vietnam than Indonesia included United States ($118B), China ($85.7B), and Hong Kong ($17.1B).

In 2023, countries that imported more from Indonesia than Vietnam included India ($24B), Singapore ($15.8B), and South Korea ($10.3B).

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

Comparative Advantage Vietnam - Indonesia

Flow
Scale

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

During 2023, Vietnam had a large net trade with Indonesia in the exports of Machines ($1.17B), Vegetable Products ($760M), and Textiles ($610M).

During 2018, Indonesia had a large net trade with Vietnam in the exports of Mineral Products ($1.66B), Metals ($1.63B), and Transportation ($771M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Indonesia+$306MTelephones
Top Product Potential Indonesia Vietnam+$219MCoal 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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Economic Complexity

Competitive Landscape

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

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

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