2021
Flag  
GDP
$366BCURRENT US$
Rnk 40 / 204
2011-2021
Flag
GDP GROWTH
112%CURRENT US$
Rnk 13 / 204
2021
Flag
 GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
GDP PC 
$3,756CURRENT US$
Rnk 140 / 204
2011-2021
Flag
GDP PC GROWTH
92.3%CURRENT US$
Rnk 7 / 204
2021
Flag
GDP PC
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204

About

Vietnam-South Korea In 2021, Vietnam exported $22.6B to South Korea. The main products that Vietnam exported to South Korea are Telephones ($3.31B), Broadcasting Equipment ($2.11B), and Computers ($1.09B). During the last 26 years the exports of Vietnam to South Korea have increased at an annualized rate of 20.3%, from $186M in 1995 to $22.6B in 2021.

In 2021, Vietnam did not export any services to South Korea.

South Korea-Vietnam In 2021, South Korea exported $56.5B to Vietnam. The main products that South Korea exported to Vietnam were Integrated Circuits ($13B), Telephones ($11.8B), and Broadcasting Accessories ($2.56B). During the last 26 years the exports of South Korea to Vietnam have increased at an annualized rate of 15.4%, from $1.35B in 1995 to $56.5B in 2021.

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 2021,  Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Vietnam exported $22.6B to South Korea. The main products exported from Vietnam to South Korea were Telephones ($3.31B), Broadcasting Equipment ($2.11B), and Computers ($1.09B). During the last 26 years the exports of Vietnam to South Korea have increased at an annualized rate of 20.3%, from $186M in 1995 to $22.6B in 2021.

In 2021, South Korea exported $56.5B to Vietnam. The main products exported from South Korea to Vietnam were Integrated Circuits ($13B), Telephones ($11.8B), and Broadcasting Accessories ($2.56B). During the last 26 years the exports of South Korea to Vietnam have increased at an annualized rate of 15.4%, from $1.35B in 1995 to $56.5B in 2021.

Exports from Vietnam (Flag) to South Korea (Flag) (2021)

Exports from South Korea (Flag) to Vietnam (Flag) (2021)

Latest Data

Trade between Vietnam (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$99.3B
South Korea
Top Destination
China$158B

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

In 2021, countries that imported more from Vietnam than South Korea were Cambodia ($4.91B), United States ($99.3B), and Netherlands ($7.77B).

In 2021, countries that imported more from South Korea than Vietnam were China ($158B), Hong Kong ($38.2B), and Chinese Taipei ($25.8B).

Difference in imports from South Korea (Flag) and Vietnam (Flag) (2021)

Comparative Advantage Vietnam - South Korea

Flow
Scale

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

During 2021, Vietnam had a large net trade with South Korea in the exports of Machines ($11.7B), Textiles ($4.16B), and Metals ($1.07B).

During 2021, South Korea had a large net trade with Vietnam in the exports of Machines ($36.3B), Metals ($4.2B), and Plastics and Rubbers ($4.17B).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Vietnam (Flag) (2005)

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 South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Vietnam.

Product Space of Vietnam (Flag) and South Korea (Flag) (2021)

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