2022
Flag  
GDP
$409BCURRENT US$
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2012-2022
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GDP GROWTH
109%CURRENT US$
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2022
Flag
 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
Flag
GDP PC 
$4,164CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
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2022
Flag
GDP PC
$34,158CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
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About

Vietnam-Italy In 2022, Vietnam exported $5.02B to Italy. The main products that Vietnam exported to Italy are Broadcasting Equipment ($789M), Coffee ($347M), and Hot-Rolled Iron ($288M). During the last 26 years the exports of Vietnam to Italy have increased at an annualized rate of 14.4%, from $154M in 1996 to $5.02B in 2022.

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

Italy-Vietnam In 2022, Italy exported $1.51B to Vietnam. The main products that Italy exported to Vietnam were Tanned Equine and Bovine Hides ($143M), Packaged Medicaments ($56.5M), and Washing and Bottling Machines ($41.6M). During the last 26 years the exports of Italy to Vietnam have increased at an annualized rate of 10.9%, from $103M in 1996 to $1.51B in 2022.

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

Comparison In 2022,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $5.02B to Italy. The main products exported from Vietnam to Italy were Broadcasting Equipment ($789M), Coffee ($347M), and Hot-Rolled Iron ($288M). During the last 26 years the exports of Vietnam to Italy have increased at an annualized rate of 14.4%, from $154M in 1996 to $5.02B in 2022.

In 2022, Italy exported $1.51B to Vietnam. The main products exported from Italy to Vietnam were Tanned Equine and Bovine Hides ($143M), Packaged Medicaments ($56.5M), and Washing and Bottling Machines ($41.6M). During the last 27 years the exports of Italy to Vietnam have increased at an annualized rate of 10.9%, from $103M in 1995 to $1.51B in 2022.

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

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

Latest Data

Trade between Vietnam (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$117B
Italy
Top Destination
Germany$78.5B

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

In 2021, countries that imported more from Vietnam than Italy were United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2021, countries that imported more from Italy than Vietnam were Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

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

Comparative Advantage Vietnam - Italy

Flow
Scale

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

During 2022, Vietnam had a large net trade with Italy in the exports of Machines ($1.43B), Metals ($946M), and Vegetable Products ($509M).

During 2022, Italy had a large net trade with Vietnam in the exports of Machines ($485M), Chemical Products ($185M), and Animal Hides ($178M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Vietnam.

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

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