2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186

About

Russia-Vietnam Trade: In 2022, Russia exported $1.76B to Vietnam. The main products that Russia exported to Vietnam were Coal Briquettes ($473M), Hot-Rolled Iron ($198M), and Mixed Mineral or Chemical Fertilizers ($157M). Over the past 5 years the exports of Russia to Vietnam have increased at an annualized rate of 1.83%, from $1.61B in 2017 to $1.76B in 2022.

In 2020, Russia exported services to Vietnam worth $111M, with Travel ($46.1M), Transportation ($38.4M), and Other business services ($18M) being the largest in terms of value.

Vietnam-Russia Trade: In 2022, Vietnam exported $1.56B to Russia. The main products that Vietnam exported to Russia were Coffee ($199M), Broadcasting Equipment ($172M), and Fish Fillets ($64.7M). Over the past 5 years the exports of Vietnam to Russia have decreased at an annualized rate of 9.12%,  from $2.77B in 2017 to $1.56B in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Market Competitiveness

Color
Russia
Top Destination
China$101B
Vietnam
Top Destination
United States$117B

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

In 2022, countries that imported more from Russia than Vietnam included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Vietnam than Russia included United States ($117B), South Korea ($25.2B), and Japan ($25B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Vietnam+$148MCoal Briquettes
Top Product Potential Vietnam Russia+$248MTelephones

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

Product Space of Russia (Flag) and Vietnam (Flag) (NaN)

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