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2022
Flag → Flag
Exports $714MRnk 37 / 215
2022
Flag → Flag
Top Product $80.3MPotassic Fertilizers
2022
Flag → Flag
Exports $7.94BRnk 9 / 152
2022
Flag → Flag
Top Product $1.4BBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 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

Canada-Vietnam Trade: In 2022, Canada exported $714M to Vietnam. The main products that Canada exported to Vietnam were Potassic Fertilizers ($80.3M), Frozen Bovine Meat ($69.9M), and Crustaceans ($63.9M). Over the past 5 years the exports of Canada to Vietnam have decreased at an annualized rate of 3.48%, from $853M in 2017 to $714M in 2022.

In 2020, Canada exported services to Vietnam worth $439M, with Travel ($429M), Financial services ($5.97M), and Transportation ($2.98M) being the largest in terms of value.

Vietnam-Canada Trade: In 2022, Vietnam exported $7.94B to Canada. The main products that Vietnam exported to Canada were Broadcasting Equipment ($1.4B), Textile Footwear ($333M), and Leather Footwear ($261M). Over the past 5 years the exports of Vietnam to Canada have increased at an annualized rate of 4.49%,  from $3.3B in 2017 to $7.94B in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$103M and imported C$1.2B from Vietnam, resulting in a negative trade balance of C$1.1B. Between June 2023 and June 2024 the exports of Canada have increased by C$42.3M (69.3%) from C$61.1M to C$103M, while imports increased by C$22.8M (1.93%) from C$1.18B to C$1.2B.

Trade In June 2024, the top exports of Canada to Vietnam were Soybeans (C$9.43M), Sulfate Chemical Woodpulp (C$5.16M), Edible Offal (C$2.83M), Frozen Bovine Meat (C$2.78M), and Ethylene Polymers (C$1.56M). In June 2024 the top imports of Canada from Vietnam were Telephones (C$249M), Textile Footwear (C$47.9M), Semiconductor Devices (C$39.3M), Other Furniture (C$29.9M), and Leather Footwear (C$29.5M).

Origins In June 2024 the exports of Canada were mainly from Alberta (C$24.3M), Ontario (C$16.3M), Saskatchewan (C$13.8M), British Columbia (C$10.4M), and Nova Scotia (C$9.55M), while imports destinations were mainly Ontario (C$735M), British Columbia (C$256M), Quebec (C$122M), Alberta (C$56.3M), and Manitoba (C$25.9M).

Growth In June 2024, the increase in Canada's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Soybeans (C$6.28M or 199%), Sulfate Chemical Woodpulp (C$2.47M or 92.3%), and Synthetic Reconstructed Jewellery Stones (C$762k or 618%). In June 2024, the increase in Canada's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Telephones (C$91.1M or 57.7%), Textile Footwear (C$31.6M or 195%), and Semiconductor Devices (C$18.5M or 89.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$42.3M(69.3%)
IMPORT GROWTH (June 2023 - June 2024)C$22.8M(1.93%)
MAIN EXPORTER (June 2024)AlbertaC$24.3M

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

To check Vietnam and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $714M to Vietnam. The main products exported from Canada to Vietnam were Potassic Fertilizers ($80.3M), Frozen Bovine Meat ($69.9M), and Crustaceans ($63.9M). During the last 5 years the exports of Canada to Vietnam have decreased at an annualized rate of 3.48%, from $853M in 2017 to $714M in 2022.

In 2017, Vietnam exported $7.94B to Canada. The main products exported from Vietnam to Canada were Broadcasting Equipment ($1.4B), Textile Footwear ($333M), and Leather Footwear ($261M). During the last 5 years the exports of Vietnam to Canada have increased at an annualized rate of 4.49%, from $3.3B in 2022 to $7.94B in 2017.

Exports from Canada (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Canada than Vietnam included United States ($438B), United Kingdom ($12.9B), and Norway ($3.19B).

In 2022, countries that imported more from Vietnam than Canada included China ($58.7B), South Korea ($25.2B), and Japan ($25B).

Difference in imports from Vietnam (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Vietnam

Flow
Scale

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

During 2022, Canada had a large net trade with Vietnam in the exports of Animal Products ($195M), Chemical Products ($104M), and Vegetable Products ($88.9M).

During 2017, Vietnam had a large net trade with Canada in the exports of Machines ($3.04B), Textiles ($1.57B), and Footwear and Headwear ($747M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Vietnam+$31.7MCoal Briquettes
Top Product Potential Vietnam Canada+$327MTelephones

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

Product Space of Canada (Flag) and Vietnam (Flag) (2022)

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