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2023
Flag → Flag
Exports $3.79BRnk 51 / 220
2023
Flag → Flag
Top Product $487MPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $14.1BRnk 5 / 142
2023
Flag → Flag
Top Product $2.15BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Germany-Vietnam Trade: In 2023, Germany exported $3.79B to Vietnam. The main products that Germany exported to Vietnam were Planes, Helicopters, and/or Spacecraft ($487M), Hydrogen ($396M), and Packaged Medicaments ($225M). Over the past 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 5.58%, from $5.05B in 2018 to $3.79B in 2023.

In 2023, Germany did not export any services to Vietnam.

Vietnam-Germany Trade: In 2023, Vietnam exported $14.1B to Germany. The main products that Vietnam exported to Germany were Broadcasting Equipment ($2.15B), Textile Footwear ($1.1B), and Leather Footwear ($895M). Over the past 5 years the exports of Vietnam to Germany have increased at an annualized rate of 4.72%,  from $11.2B in 2018 to $14.1B in 2023.

In 2023, Vietnam did not export any services to Germany.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €393M and imported €1.3B from Vietnam, resulting in a negative trade balance of €909M. Between November 2023 and November 2024 the exports of Germany have increased by €135M (52.4%) from €258M to €393M, while imports increased by €118M (9.97%) from €1.18B to €1.3B.

Trade In November 2024, the top exports of Germany to Vietnam were Machinery for electricity production, distribution (€29.9M), Other prefabricated chemicals (€17.1M), Pharmaceutical products (€15.4M), Other machinery (€11M), and Measuring and automatical control instruments (€10.8M). In November 2024 the top imports of Germany from Vietnam were Footwear (€237M), Telecommunication devices and apparatus (€200M), Office and automatic data processing machines (€106M), Apparel of silk, man-made fibres, excl.... (€70.2M), and Leather articles, leather apparel (excl. footwear) (€42.4M).

Origins In November 2024 the exports of Germany were mainly from Hamburg (€157M), North Rhine-Westphalia (€35.3M), Bavaria (€30.2M), Baden-Württemberg (€26M), and Saxony (€22.8M), while imports destinations were mainly Bavaria (€380M), North Rhine-Westphalia (€210M), Hesse (€162M), Baden-Württemberg (€125M), and Hamburg (€106M).

Growth In November 2024, the increase in Germany's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Machinery for electricity production, distribution (€7.61M or 34.2%), Office and automatic data processing machines (€4.79M or 343%), and Chassis, bodies, engines etc. for motor... (€3.31M or 44.7%). In November 2024, the increase in Germany's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Footwear (€93.8M or 65.5%), Telecommunication devices and apparatus (€46.4M or 30.1%), and Apparel of silk, man-made fibres, excl.... (€23.6M or 50.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€135M(52.4%)
IMPORT GROWTH (November 2023 - November 2024)€118M(9.97%)
MAIN EXPORTER (November 2024)Hamburg€157M

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

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

For full datasets download visit Bulk Download page.

Explore Vietnam and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $3.79B to Vietnam. The main products exported from Germany to Vietnam were Planes, Helicopters, and/or Spacecraft ($487M), Hydrogen ($396M), and Packaged Medicaments ($225M). During the last 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 5.58%, from $5.05B in 2018 to $3.79B in 2023.

In 2018, Vietnam exported $14.1B to Germany. The main products exported from Vietnam to Germany were Broadcasting Equipment ($2.15B), Textile Footwear ($1.1B), and Leather Footwear ($895M). During the last 5 years the exports of Vietnam to Germany have increased at an annualized rate of 4.72%, from $11.2B in 2023 to $14.1B in 2018.

Exports from Germany (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Germany than Vietnam included France ($118B), Netherlands ($108B), and Italy ($94.7B).

In 2023, countries that imported more from Vietnam than Germany included Hong Kong ($17.1B), Japan ($25.1B), and Cambodia ($3.61B).

Difference in imports from Vietnam (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Vietnam

Flow
Scale

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

During 2023, Germany had a large net trade with Vietnam in the exports of Machines ($999M), Chemical Products ($916M), and Transportation ($715M).

During 2018, Vietnam had a large net trade with Germany in the exports of Machines ($5.38B), Footwear and Headwear ($2.67B), and Textiles ($2.18B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Vietnam+$156MCars
Top Product Potential Vietnam Germany+$761MTelephones

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

Product Space of Germany (Flag) and Vietnam (Flag) (2023)

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