Flag Vietnam / Russia Flag

2020
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Exports
: $3.15B, Rnk 22 / 143

2020
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Top Product
: $1.14B, Broadcasting Equipment

2020
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Exports
: $1.78B, Rnk 36 / 187

2020
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Top Product
: $474M, Coal Briquettes

2020
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Economic Complexity (ECI)
: ECI -0.057, Rnk 61 / 127

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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GDP
: $271B, CURRENT US$
Rnk 41 / 195

2010-2020
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GDP GROWTH
: 134%, CURRENT US$
Rnk 8 / 195

2020
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 GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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GDP PC 
: $2,786, CURRENT US$
Rnk 139 / 195

2010-2020
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GDP PC GROWTH
: 111%, CURRENT US$
Rnk 7 / 195

2020
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GDP PC
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
Flag
GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

Vietnam-Russia In 2020, Vietnam exported $3.15B to Russia. The main products that Vietnam exported to Russia are Broadcasting Equipment ($1.14B), Broadcasting Accessories ($275M), and Coffee ($101M). During the last 24 years the exports of Vietnam to Russia have increased at an annualized rate of 21.5%, from $29.5M in 1996 to $3.15B in 2020.

In 2020, Vietnam did not export any services to Russia.

Russia-Vietnam In 2020, Russia exported $1.78B to Vietnam. The main products that Russia exported to Vietnam were Coal Briquettes ($474M), Hot-Rolled Iron ($295M), and Pig Meat ($119M). During the last 24 years the exports of Russia to Vietnam have increased at an annualized rate of 11.8%, from $122M in 1996 to $1.78B in 2020.

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 2020,  Vietnam ranked 61 in the Economic Complexity Index (ECI -0.057), and 16 in total exports ($300B). That same year, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Vietnam exported $3.15B to Russia. The main products exported from Vietnam to Russia were Broadcasting Equipment ($1.14B), Broadcasting Accessories ($275M), and Coffee ($101M). During the last 24 years the exports of Vietnam to Russia have increased at an annualized rate of 21.5%, from $29.5M in 1996 to $3.15B in 2020.

In 2020, Russia exported $1.78B to Vietnam. The main products exported from Russia to Vietnam were Coal Briquettes ($474M), Hot-Rolled Iron ($295M), and Pig Meat ($119M). During the last 24 years the exports of Russia to Vietnam have increased at an annualized rate of 11.8%, from $122M in 1996 to $1.78B in 2020.

Russia Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $77B

Russia
Top Destination
: China, $49.3B

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 2019, countries that imported more from Vietnam than Russia were United States ($77B), Hong Kong ($13.8B), and Japan ($20.4B).

In 2019, countries that imported more from Russia than Vietnam were United Kingdom ($25.3B), Belarus ($15.8B), and Netherlands ($22.5B).

Comparative Advantage Vietnam - Russia

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Flow

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

During 2020, Vietnam had a large net trade with Russia in the exports of Machines ($1.94B), Textiles ($316M), and Vegetable Products ($205M).

During 2020, Russia had a large net trade with Vietnam in the exports of Mineral Products ($664M), Metals ($335M), and Vegetable Products ($197M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.