Vietnam / South Korea

Vietnam-South Korea Trade: In 2022, Vietnam exported $15.8B to South Korea. The main products that Vietnam exported to South Korea were Telephones ($2.93B), Broadcasting Equipment ($2.91B), and Computers ($1.06B). Over the past 5 years the exports of Vietnam to South Korea have increased at an annualized rate of 143%, from $187M in 2017 to $15.8B in 2022.

In 2022, Vietnam did not export any services to South Korea.

South Korea-Vietnam Trade: In 2022, South Korea exported $52.2B to Vietnam. The main products that South Korea exported to Vietnam were Integrated Circuits ($15.9B), Broadcasting Equipment ($11.3B), and Refined Petroleum ($3.67B). Over the past 5 years the exports of South Korea to Vietnam have increased at an annualized rate of 108%,  from $1.35B in 2017 to $52.2B in 2022.

In 2005, South Korea exported services to Vietnam worth $385M, with Transportation ($257M), Other business services ($39.4M), and Travel ($38.7M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).