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2023
Flag → Flag
Exports $2.74BRnk 26 / 142
2023
Flag → Flag
Top Product $868MBroadcasting Equipment
2023
Flag → Flag
Exports $600MRnk 46 / 182
2023
Flag → Flag
Top Product $346MEthylene Polymers
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Vietnam-Saudi Arabia Trade: In 2023, Vietnam exported $2.74B to Saudi Arabia. The main products that Vietnam exported to Saudi Arabia were Broadcasting Equipment ($868M), Refined Petroleum ($209M), and Iron Reductions ($204M). Over the past 5 years the exports of Vietnam to Saudi Arabia have increased at an annualized rate of 18%, from $1.2B in 2018 to $2.74B in 2023.

In 2023, Vietnam did not export any services to Saudi Arabia.

Saudi Arabia-Vietnam Trade: In 2023, Saudi Arabia exported $600M to Vietnam. The main products that Saudi Arabia exported to Vietnam were Ethylene Polymers ($346M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($115M), and Propylene Polymers ($56.9M). Over the past 5 years the exports of Saudi Arabia to Vietnam have decreased at an annualized rate of 16.7%,  from $1.5B in 2018 to $600M in 2023.

In 2023, Saudi Arabia did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $2.74B to Saudi Arabia. The main products exported from Vietnam to Saudi Arabia were Broadcasting Equipment ($868M), Refined Petroleum ($209M), and Iron Reductions ($204M). During the last 5 years the exports of Vietnam to Saudi Arabia have increased at an annualized rate of 18%, from $1.2B in 2018 to $2.74B in 2023.

In 2018, Saudi Arabia exported $600M to Vietnam. The main products exported from Saudi Arabia to Vietnam were Ethylene Polymers ($346M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($115M), and Propylene Polymers ($56.9M). During the last 5 years the exports of Saudi Arabia to Vietnam have decreased at an annualized rate of 16.7%, from $1.5B in 2023 to $600M in 2018.

Exports from Vietnam (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Saudi Arabia (Flag)

Saudi Arabia Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Vietnam than Saudi Arabia included United States ($118B), China ($85.7B), and Hong Kong ($17.1B).

In 2023, countries that imported more from Saudi Arabia than Vietnam included India ($34.8B), Japan ($34.7B), and Oman ($4.99B).

Difference in imports from Saudi Arabia (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Saudi Arabia

Flow
Scale

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

During 2023, Vietnam had a large net trade with Saudi Arabia in the exports of Machines ($1.2B), Metals ($371M), and Mineral Products ($335M).

During 2018, Saudi Arabia had a large net trade with Vietnam in the exports of Plastics and Rubbers ($409M), Chemical Products ($149M), and Metals ($21.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Saudi Arabia+$218MTelephones
Top Product Potential Saudi Arabia Vietnam+$20.4MPropylene Polymers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Vietnam and Saudi Arabia. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Vietnam.

Product Space of Vietnam (Flag) and Saudi Arabia (Flag) (2023)

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