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Pricing

2022
Flag → Flag
Exports $928MRnk 51 / 224
2022
Flag → Flag
Top Product $101MRecovered Paper
2022
Flag → Flag
Exports $7.23BRnk 11 / 152
2022
Flag → Flag
Top Product $1.75BBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

United Kingdom-Vietnam Trade: In 2022, United Kingdom exported $928M to Vietnam. The main products that United Kingdom exported to Vietnam were Recovered Paper ($101M), Hard Liquor ($88.9M), and Packaged Medicaments ($83.8M). Over the past 5 years the exports of United Kingdom to Vietnam have increased at an annualized rate of 3.61%, from $777M in 2017 to $928M in 2022.

In 2022, United Kingdom did not export any services to Vietnam.

Vietnam-United Kingdom Trade: In 2022, Vietnam exported $7.23B to United Kingdom. The main products that Vietnam exported to United Kingdom were Broadcasting Equipment ($1.75B), Textile Footwear ($422M), and Leather Footwear ($360M). Over the past 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 5.58%,  from $5.51B in 2017 to $7.23B in 2022.

In 2022, Vietnam did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £81.6M and imported £470M from Vietnam, resulting in a negative trade balance of £388M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £21.4M (35.6%) from £60.2M to £81.6M, while imports increased by £32.7M (7.47%) from £437M to £470M.

Trade In August 2024, the top exports of United Kingdom to Vietnam were Recovered Paper (£8.19M), Packaged Medicaments (£3.43M), Knit Women's Suits (£3.1M), Hard Liquor (£2.75M), and Animal Meal and Pellets (£2.4M). In August 2024 the top imports of United Kingdom from Vietnam were Telephones (£218M), Textile Footwear (£23.3M), Coated Flat-Rolled Iron (£15.8M), Other Furniture (£15.2M), and Computers (£15.1M).

Origins In August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£35.1M), Southampton (£17.9M), Felixstowe (£16.1M), London Gateway (£3.08M), and Manchester Airport (£2.8M), while imports destinations were mainly London Heathrow Airport (£145M), Felixstowe (£115M), Southampton (£89M), and Liverpool (£19M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Rubberworking Machinery (£2.05M or 59.5k%), Animal Meal and Pellets (£1.54M or 179%), and Recovered Paper (£1.44M or 21.4%). In August 2024, the increase in United Kingdom's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Telephones (£111M or 104%), Textile Footwear (£9.28M or 66.2%), and Leather Footwear (£6.02M or 70.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£21.4M(35.6%)
IMPORT GROWTH (August 2023 - August 2024)£32.7M(7.47%)
MAIN EXPORTER (August 2024)London Heathrow Airport£35.1M

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

To check Vietnam and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $928M to Vietnam. The main products exported from United Kingdom to Vietnam were Recovered Paper ($101M), Hard Liquor ($88.9M), and Packaged Medicaments ($83.8M). During the last 5 years the exports of United Kingdom to Vietnam have increased at an annualized rate of 3.61%, from $777M in 2017 to $928M in 2022.

In 2017, Vietnam exported $7.23B to United Kingdom. The main products exported from Vietnam to United Kingdom were Broadcasting Equipment ($1.75B), Textile Footwear ($422M), and Leather Footwear ($360M). During the last 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 5.58%, from $5.51B in 2022 to $7.23B in 2017.

Exports from United Kingdom (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from United Kingdom than Vietnam included Netherlands ($41.9B), Ireland ($32.6B), and Germany ($40.6B).

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

Difference in imports from Vietnam (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Vietnam

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Vietnam in the exports of Chemical Products ($183M), Machines ($148M), and Foodstuffs ($143M).

During 2017, Vietnam had a large net trade with United Kingdom in the exports of Machines ($2.95B), Textiles ($989M), and Footwear and Headwear ($960M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Vietnam+$57.6MPackaged Medicaments
Top Product Potential Vietnam United Kingdom+$530MTelephones

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

Product Space of United Kingdom (Flag) and Vietnam (Flag) (2022)

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