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2022
Flag → Flag
Exports $6.29BRnk 24 / 217
2022
Flag → Flag
Top Product $434MFrozen Bovine Meat
2022
Flag → Flag
Exports $8.19BRnk 8 / 152
2022
Flag → Flag
Top Product $927MTelephones
2022
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Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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 $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 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

India-Vietnam Trade: In 2022, India exported $6.29B to Vietnam. The main products that India exported to Vietnam were Frozen Bovine Meat ($434M), Hot-Rolled Iron ($354M), and Flat Flat-Rolled Steel ($339M). Over the past 5 years the exports of India to Vietnam have decreased at an annualized rate of 5.33%, from $8.27B in 2017 to $6.29B in 2022.

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

Vietnam-India Trade: In 2022, Vietnam exported $8.19B to India. The main products that Vietnam exported to India were Telephones ($927M), Broadcasting Equipment ($768M), and Copper Pipes ($618M). Over the past 5 years the exports of Vietnam to India have increased at an annualized rate of 9.85%,  from $4.24B in 2017 to $8.19B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

September, 2024

About

Overview In September 2024, India exported $451M and imported $980M from Vietnam, resulting in a negative trade balance of $529M. Between September 2023 and September 2024 the exports of India have increased by $28.1M (6.65%) from $423M to $451M, while imports increased by $222M (29.2%) from $758M to $980M.

Trade In September 2024, the top exports of India to Vietnam were Buffalo Meat ($51.5M), Other Cereals ($47.8M), Marine Products ($39.3M), Iron And Steel ($35.2M), and Oil Meals ($34.8M). In September 2024 the top imports of India from Vietnam were Iron And Steel ($95.6M), Telecom Instruments ($92.9M), Consumer Electronics ($87.6M), Copper And Prdcts Made Of Copr ($65M), and Computer Hardware, Peripherals ($37.1M).

Growth In September 2024, the increase in India's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Oil Meals ($25.2M or 262%), Marine Products ($23.3M or 146%), and Buffalo Meat ($18.8M or 57.6%). In September 2024, the increase in India's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Iron And Steel ($82.6M or 635%), Electronics Components ($14.6M or 108%), and Telecom Instruments ($13.5M or 16.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$28.1M(6.65%)
IMPORT GROWTH (September 2023 - September 2024)$222M(29.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Vietnam and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $6.29B to Vietnam. The main products exported from India to Vietnam were Frozen Bovine Meat ($434M), Hot-Rolled Iron ($354M), and Flat Flat-Rolled Steel ($339M). During the last 5 years the exports of India to Vietnam have decreased at an annualized rate of 5.33%, from $8.27B in 2017 to $6.29B in 2022.

In 2017, Vietnam exported $8.19B to India. The main products exported from Vietnam to India were Telephones ($927M), Broadcasting Equipment ($768M), and Copper Pipes ($618M). During the last 5 years the exports of Vietnam to India have increased at an annualized rate of 9.85%, from $4.24B in 2022 to $8.19B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from India than Vietnam included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Saudi Arabia ($10.1B).

In 2022, countries that imported more from Vietnam than India included China ($58.7B), United States ($117B), and Japan ($25B).

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

Comparative Advantage India - Vietnam

Flow
Scale

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

During 2022, India had a large net trade with Vietnam in the exports of Metals ($1.29B), Chemical Products ($859M), and Animal Products ($838M).

During 2017, Vietnam had a large net trade with India in the exports of Machines ($3.82B), Metals ($1.13B), and Chemical Products ($1B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Vietnam+$154MPackaged Medicaments
Top Product Potential Vietnam India+$985MTelephones

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

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

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