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2023
Flag → Flag
Exports $1.32BRnk 60 / 219
2023
Flag → Flag
Top Product $151MTanned Equine and Bovine Hides
2023
Flag → Flag
Exports $4.79BRnk 19 / 142
2023
Flag → Flag
Top Product $847MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Italy-Vietnam Trade: In 2023, Italy exported $1.32B to Vietnam. The main products that Italy exported to Vietnam were Tanned Equine and Bovine Hides ($151M), Washing and Bottling Machines ($39.9M), and Packaged Medicaments ($39.7M). Over the past 5 years the exports of Italy to Vietnam have decreased at an annualized rate of 4.91%, from $1.7B in 2018 to $1.32B in 2023.

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

Vietnam-Italy Trade: In 2023, Vietnam exported $4.79B to Italy. The main products that Vietnam exported to Italy were Broadcasting Equipment ($847M), Hot-Rolled Iron ($609M), and Coffee ($373M). Over the past 5 years the exports of Vietnam to Italy have increased at an annualized rate of 9.65%,  from $3.02B in 2018 to $4.79B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). 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, Italy exported €78.9M and imported €331M from Vietnam, resulting in a negative trade balance of €252M. Between November 2023 and November 2024 the exports of Italy have decreased by €-24.1M (-23.4%) from €103M to €78.9M, while imports increased by €36.5M (12.4%) from €295M to €331M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-24.1M(-23.4%)
IMPORT GROWTH (November 2023 - November 2024)€36.5M(12.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Vietnam and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.32B to Vietnam. The main products exported from Italy to Vietnam were Tanned Equine and Bovine Hides ($151M), Washing and Bottling Machines ($39.9M), and Packaged Medicaments ($39.7M). During the last 5 years the exports of Italy to Vietnam have decreased at an annualized rate of 4.91%, from $1.7B in 2018 to $1.32B in 2023.

In 2018, Vietnam exported $4.79B to Italy. The main products exported from Vietnam to Italy were Broadcasting Equipment ($847M), Hot-Rolled Iron ($609M), and Coffee ($373M). During the last 5 years the exports of Vietnam to Italy have increased at an annualized rate of 9.65%, from $3.02B in 2023 to $4.79B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Italy than Vietnam included Germany ($71.4B), France ($61.1B), and Switzerland ($29.3B).

In 2023, countries that imported more from Vietnam than Italy included China ($85.7B), United States ($118B), and Japan ($25.1B).

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

Comparative Advantage Italy - Vietnam

Flow
Scale

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

During 2023, Italy had a large net trade with Vietnam in the exports of Machines ($407M), Animal Hides ($202M), and Textiles ($154M).

During 2018, Vietnam had a large net trade with Italy in the exports of Machines ($1.45B), Metals ($1.19B), and Vegetable Products ($452M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Vietnam+$57.3MPackaged Medicaments
Top Product Potential Vietnam Italy+$404MTelephones

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

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

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