2022
Flag  
GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC 
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
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About

Vietnam-Israel Trade: In 2022, Vietnam exported $571M to Israel. The main products that Vietnam exported to Israel were Broadcasting Equipment ($173M), Coconuts, Brazil Nuts, and Cashews ($50.2M), and Textile Footwear ($39.1M). Over the past 5 years the exports of Vietnam to Israel have decreased at an annualized rate of 3.74%, from $691M in 2017 to $571M in 2022.

In 2022, Vietnam did not export any services to Israel.

Israel-Vietnam Trade: In 2022, Israel exported $748M to Vietnam. The main products that Israel exported to Vietnam were Integrated Circuits ($472M), Potassic Fertilizers ($75.4M), and Mixed Mineral or Chemical Fertilizers ($45.4M). Over the past 5 years the exports of Israel to Vietnam have increased at an annualized rate of 15.1%,  from $369M in 2017 to $748M in 2022.

In 2012, Israel exported services to Vietnam worth $14.1M, with Computer and information services ($14.1M) being the largest in terms of value.

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $571M to Israel. The main products exported from Vietnam to Israel were Broadcasting Equipment ($173M), Coconuts, Brazil Nuts, and Cashews ($50.2M), and Textile Footwear ($39.1M). During the last 5 years the exports of Vietnam to Israel have decreased at an annualized rate of 3.74%, from $691M in 2017 to $571M in 2022.

In 2017, Israel exported $748M to Vietnam. The main products exported from Israel to Vietnam were Integrated Circuits ($472M), Potassic Fertilizers ($75.4M), and Mixed Mineral or Chemical Fertilizers ($45.4M). During the last 5 years the exports of Israel to Vietnam have increased at an annualized rate of 15.1%, from $369M in 2022 to $748M in 2017.

Exports from Vietnam (Flag) to Israel (Flag) (2022)

Exports from Israel (Flag) to Vietnam (Flag) (2022)

Latest Data

Trade between Vietnam (Flag) and Israel (Flag)

Israel Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$117B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Vietnam than Israel included United States ($117B), China ($58.7B), and Japan ($25B).

In 2022, countries that imported more from Israel than Vietnam included Palestine ($4.6B), Ireland ($3.86B), and Cyprus ($827M).

Difference in imports from Israel (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - Israel

Flow
Scale

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

During 2022, Vietnam had a large net trade with Israel in the exports of Machines ($243M), Footwear and Headwear ($75.5M), and Vegetable Products ($73.2M).

During 2017, Israel had a large net trade with Vietnam in the exports of Machines ($515M), Chemical Products ($136M), and Precious Metals ($30.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Israel+$112MTelephones
Top Product Potential Israel Vietnam+$61.1MIntegrated Circuits

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

Product Space of Vietnam (Flag) and Israel (Flag) (2022)

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