Vietnam (VNM) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Vietnam-Russia In 2022, Vietnam exported $1.56B to Russia. The main products that Vietnam exported to Russia are Coffee ($199M), Broadcasting Equipment ($172M), and Fish Fillets ($64.7M). During the last 26 years the exports of Vietnam to Russia have increased at an annualized rate of 16.4%, from $29.8M in 1996 to $1.56B in 2022.

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

Russia-Vietnam In 2022, Russia exported $1.76B to Vietnam. The main products that Russia exported to Vietnam were Coal Briquettes ($473M), Hot-Rolled Iron ($198M), and Mixed Mineral or Chemical Fertilizers ($157M). During the last 26 years the exports of Russia to Vietnam have increased at an annualized rate of 10.8%, from $122M in 1996 to $1.76B in 2022.

In 2020, Russia exported services to Vietnam worth $111M, with Travel ($46.1M), Transportation ($38.4M), and Other business services ($18M) being the largest in terms of value.

Comparison In 2022, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $1.56B to Russia. The main products exported from Vietnam to Russia were Coffee ($199M), Broadcasting Equipment ($172M), and Fish Fillets ($64.7M). During the last 26 years the exports of Vietnam to Russia have increased at an annualized rate of 16.4%, from $29.8M in 1996 to $1.56B in 2022.

In 2022, Russia exported $1.76B to Vietnam. The main products exported from Russia to Vietnam were Coal Briquettes ($473M), Hot-Rolled Iron ($198M), and Mixed Mineral or Chemical Fertilizers ($157M). During the last 26 years the exports of Russia to Vietnam have increased at an annualized rate of 10.8%, from $122M in 1996 to $1.76B in 2022.

Exports from Vietnam () to Russia () (2022)

Exports from Russia () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Vietnam than Russia were United States ($117B), South Korea ($25.2B), and Japan ($25B).

In 2021, countries that imported more from Russia than Vietnam were China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia () and Vietnam () (2022)

Comparative Advantage Vietnam - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Russia in the exports of Machines ($368M), Vegetable Products ($304M), and Textiles ($244M).

During 2022, Russia had a large net trade with Vietnam in the exports of Mineral Products ($565M), Metals ($299M), and Chemical Products ($270M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Vietnam worth $111M, with Travel ($46.1M), Transportation ($38.4M), and Other business services ($18M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Vietnam () (2020)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Russia () (2022)

Exports from Russia () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Russia ()

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Vietnam () (2022)

Comparative Advantage Vietnam - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Vietnam () (2020)

Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Russia () (2022)

Keep Exploring