Australia (AUS) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

About

Australia-Vietnam In 2022, Australia exported $10.5B to Vietnam. The main products that Australia exported to Vietnam are Coal Briquettes ($5.05B), Raw Cotton ($1.19B), and Wheat ($990M). During the last 27 years the exports of Australia to Vietnam have increased at an annualized rate of 18.4%, from $110M in 1995 to $10.5B in 2022.

In 2009, Australia exported services to Vietnam worth $605M, with Travel ($561M), Other business services ($31.7M), and Transportation ($3.96M) being the largest in terms of value.

Vietnam-Australia In 2022, Vietnam exported $6.21B to Australia. The main products that Vietnam exported to Australia were Broadcasting Equipment ($1.07B), Crude Petroleum ($466M), and Video Displays ($334M). During the last 27 years the exports of Vietnam to Australia have increased at an annualized rate of 13.8%, from $191M in 1995 to $6.21B in 2022.

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

Comparison In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $10.5B to Vietnam. The main products exported from Australia to Vietnam were Coal Briquettes ($5.05B), Raw Cotton ($1.19B), and Wheat ($990M). During the last 27 years the exports of Australia to Vietnam have increased at an annualized rate of 18.4%, from $110M in 1995 to $10.5B in 2022.

In 2022, Vietnam exported $6.21B to Australia. The main products exported from Vietnam to Australia were Broadcasting Equipment ($1.07B), Crude Petroleum ($466M), and Video Displays ($334M). During the last 27 years the exports of Vietnam to Australia have increased at an annualized rate of 13.8%, from $191M in 1995 to $6.21B in 2022.

Exports from Australia () to Vietnam () (2022)

Exports from Vietnam () to Australia () (2022)

Latest Data

Trade between Australia () and Vietnam ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Vietnam
Top DestinationUnited States$117B

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

In 2021, countries that imported more from Australia than Vietnam were China ($123B), Japan ($80.1B), and India ($31.5B).

In 2021, countries that imported more from Vietnam than Australia were United States ($117B), Hong Kong ($12.7B), and Germany ($10.8B).

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

Comparative Advantage Australia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Australia had a large net trade with Vietnam in the exports of Mineral Products ($6.01B), Vegetable Products ($1.43B), and Textiles ($1.19B).

During 2022, Vietnam had a large net trade with Australia in the exports of Machines ($2.26B), Textiles ($602M), and Footwear and Headwear ($535M).

Service Trade

Bilateral Service Trade

Aus Year

In 2009, Australia exported services to Vietnam worth $605M, with Travel ($561M), Other business services ($31.7M), and Transportation ($3.96M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Australia () to Vietnam () (2009)

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

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Vietnam () (2022)

Exports from Vietnam () to Australia () (2022)

Latest Data

Trade between Australia () and Vietnam ()

Australia Exports

Market Competitiveness

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

Comparative Advantage Australia - Vietnam

Service Trade

Bilateral Service Trade

Services Exports from Australia () to Vietnam () (2009)

Economic Complexity

Competitive Landscape

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

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