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2022
Flag → Flag
Exports $352MRnk 48 / 214
2022
Flag → Flag
Top Product $177MCorn
2022
Flag → Flag
Exports $1.02BRnk 36 / 152
2022
Flag → Flag
Top Product $407MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

South Africa-Vietnam Trade: In 2022, South Africa exported $352M to Vietnam. The main products that South Africa exported to Vietnam were Corn ($177M), Apples and Pears ($26.2M), and Grapes ($19.3M). Over the past 5 years the exports of South Africa to Vietnam have increased at an annualized rate of 2.57%, from $310M in 2017 to $352M in 2022.

In 2022, South Africa did not export any services to Vietnam.

Vietnam-South Africa Trade: In 2022, Vietnam exported $1.02B to South Africa. The main products that Vietnam exported to South Africa were Broadcasting Equipment ($407M), Textile Footwear ($110M), and Leather Footwear ($37.1M). Over the past 5 years the exports of Vietnam to South Africa have increased at an annualized rate of 1.26%,  from $958M in 2017 to $1.02B in 2022.

In 2022, Vietnam did not export any services to South Africa.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

August, 2024

About

Overview In August 2024, South Africa exported ZAR715M and imported ZAR1.6B from Vietnam, resulting in a negative trade balance of ZAR883M. Between August 2023 and August 2024 the exports of South Africa have increased by ZAR192M (36.7%) from ZAR523M to ZAR715M, while imports decreased by ZAR-71M (-4.25%) from ZAR1.67B to ZAR1.6B.

Trade In August 2024, the top exports of South Africa to Vietnam were Grapes (ZAR71M), Electrical Transformers (ZAR30.6M), Propylene Polymers (ZAR15.3M), Apples and Pears (ZAR12.4M), and Kraft Paper (ZAR7.73M). In August 2024 the top imports of South Africa from Vietnam were Telephones (ZAR386M), Textile Footwear (ZAR160M), Industrial Printers (ZAR99.5M), Flat panel displays (ZAR78.1M), and Computers (ZAR77.7M).

Origins In August 2024 the exports of South Africa were mainly from Richards Bay (ZAR491M), Durban (ZAR114M), Cape Town (ZAR65.9M), Germiston/Alberton (ZAR21.9M), and Johannesburg (ZAR9.5M), while imports destinations were mainly Durban (ZAR727M), O.R. Tambo Int Airport (ZAR449M), Cape Town (ZAR190M), Johannesburg (ZAR86.7M), and Port Elizabeth (ZAR60M).

Growth In August 2024, the increase in South Africa's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Electrical Transformers (ZAR30.5M or 28.6k%), Propylene Polymers (ZAR9.74M or 177%), and Apples and Pears (ZAR9.73M or 371%). In August 2024, the decrease in South Africa's year-by-year imports  from Vietnam was explained primarily by an decrease in product imports  in Telephones (ZAR-235M or -37.8%), Cement (ZAR-74.3M or -63.6%), and Calculators (ZAR-40M or -71.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)ZAR192M(36.7%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-71M(-4.25%)
MAIN EXPORTER (August 2024)Richards BayZAR491M

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Vietnam and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $352M to Vietnam. The main products exported from South Africa to Vietnam were Corn ($177M), Apples and Pears ($26.2M), and Grapes ($19.3M). During the last 5 years the exports of South Africa to Vietnam have increased at an annualized rate of 2.57%, from $310M in 2017 to $352M in 2022.

In 2017, Vietnam exported $1.02B to South Africa. The main products exported from Vietnam to South Africa were Broadcasting Equipment ($407M), Textile Footwear ($110M), and Leather Footwear ($37.1M). During the last 5 years the exports of Vietnam to South Africa have increased at an annualized rate of 1.26%, from $958M in 2022 to $1.02B in 2017.

Exports from South Africa (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from South Africa than Vietnam included Mozambique ($5.43B), Switzerland ($6.43B), and Botswana ($4.74B).

In 2022, countries that imported more from Vietnam than South Africa included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Vietnam

Flow
Scale

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

During 2022, South Africa had a large net trade with Vietnam in the exports of Vegetable Products ($258M), Mineral Products ($22.6M), and Foodstuffs ($13.1M).

During 2017, Vietnam had a large net trade with South Africa in the exports of Machines ($553M), Footwear and Headwear ($182M), and Mineral Products ($70.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Vietnam+$34.4MCoal Briquettes
Top Product Potential Vietnam South Africa+$151MTelephones

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 South Africa and Vietnam. This means that a dot/product with the flag of South Africa indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over South Africa.

Product Space of South Africa (Flag) and Vietnam (Flag) (2022)

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