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Pricing

2022
Flag → Flag
Exports $1.76BRnk 44 / 138
2022
Flag → Flag
Top Product $473MCoal Briquettes
2022
Flag → Flag
Exports $1.56BRnk 31 / 152
2022
Flag → Flag
Top Product $199MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%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 GROWTH90.1%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 10.8%,  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).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $160M and imported $391M from Vietnam, resulting in a negative trade balance of $231M. Between January 2021 and January 2022 the exports of Russia have increased by $71.4M (80.2%) from $89M to $160M, while imports increased by $19.7M (5.32%) from $371M to $391M.

Trade In January 2022, the top exports of Russia to Vietnam were Coal Briquettes ($24.7M), Pig Meat ($14.5M), Hot-Rolled Iron ($6.3M), Wheat ($5.92M), and Coke ($5.09M). In January 2022 the top imports of Russia from Vietnam were Telephones ($130M), Broadcasting Accessories ($35.1M), Textile Footwear ($19M), Industrial Printers ($14M), and Integrated Circuits ($10.3M).

Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($51.9M), CHELYABINSK REGION ($20.5M), PERM TERRITORY ($20.3M), VOLOGDA REGION ($18.3M), and TYUMEN REGION ($7.93M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($276M), MOSCOW REGION ($24.8M), ST. PETERSBURG ($18.7M), KALUGA REGION ($17.1M), and LENINGRAD REGION ($12.5M).

Growth In January 2022, the increase in Russia's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Pig Meat ($8.69M or 151%), Edible Offal ($2.28M or 1k%), and Sulfate Chemical Woodpulp ($1.43M or 519%). In January 2022, the increase in Russia's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Telephones ($70.8M or 119%), Broadcasting Accessories ($24.3M or 225%), and Other Electrical Machinery ($6.83M or 204k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$71.4M(80.2%)
IMPORT GROWTH (January 2021 - January 2022)$19.7M(5.32%)
MAIN EXPORTER (January 2022)KEMEROVO REGION$51.9M

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

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

For full datasets download visit Bulk Download page.

Explore Vietnam and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.76B to Vietnam. The main products exported from Russia to Vietnam were Coal Briquettes ($473M), Hot-Rolled Iron ($198M), and Mixed Mineral or Chemical Fertilizers ($157M). During the last 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 2017, Vietnam exported $1.56B to Russia. The main products exported from Vietnam to Russia were Coffee ($199M), Broadcasting Equipment ($172M), and Fish Fillets ($64.7M). During the last 5 years the exports of Vietnam to Russia have decreased at an annualized rate of 10.8%, from $2.77B in 2022 to $1.56B in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Vietnam
Top DestinationUnited 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)

Comparative Advantage Russia - Vietnam

Flow
Scale

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

During 2022, Russia had a large net trade with Vietnam in the exports of Mineral Products ($565M), Metals ($299M), and Chemical Products ($270M).

During 2017, Vietnam had a large net trade with Russia in the exports of Machines ($368M), Vegetable Products ($304M), and Textiles ($244M).

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) (2022)

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