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

About

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

Year

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.

Latest Data

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Russia Exports

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Date

Market Competitiveness

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Measure

SectionYear

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

Scale

Year

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).

Service Trade

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Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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

Latest Data

Russia Exports

Market Competitiveness

Comparative Advantage Vietnam - Russia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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