Vietnam (VNM) and China (CHN) Trade | The Observatory of Economic Complexity

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Vietnam-China Trade: In 2023, Vietnam exported $85.7B to China. The main products that Vietnam exported to China were Broadcasting Equipment ($25B), Integrated Circuits ($15.1B), and Broadcasting Accessories ($8.67B). Over the past 5 years the exports of Vietnam to China have increased at an annualized rate of 11.5%, from $49.6B in 2018 to $85.7B in 2023.

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

China-Vietnam Trade: In 2023, China exported $135B to Vietnam. The main products that China exported to Vietnam were Integrated Circuits ($10.6B), Broadcasting Equipment ($8.02B), and Telephones ($5.81B). Over the past 5 years the exports of China to Vietnam have increased at an annualized rate of 9.6%, from $70.9B in 2018 to $135B in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $85.7B to China. The main products exported from Vietnam to China were Broadcasting Equipment ($25B), Integrated Circuits ($15.1B), and Broadcasting Accessories ($8.67B). During the last 5 years the exports of Vietnam to China have increased at an annualized rate of 107%, from $63.8k in 2018 to $85.7B in 2023.

In 2018, China exported $135B to Vietnam. The main products exported from China to Vietnam were Integrated Circuits ($10.6B), Broadcasting Equipment ($8.02B), and Telephones ($5.81B). During the last 5 years the exports of China to Vietnam have increased at an annualized rate of 9.21%, from $3.09k in 2023 to $135B in 2018.

Exports from Vietnam () to China () (2023)

Exports from China () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and China ()

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

China
Top DestinationUnited States$436B

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

In 2023, no countries were registered that imported more from Vietnam than from China.

In 2023, countries that imported more from China than Vietnam included United States ($436B), Hong Kong ($259B), and Germany ($164B).

Difference in imports from China () and Vietnam () (2023)

Comparative Advantage Vietnam - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with China in the exports of Machines ($62.4B), Vegetable Products ($4.5B), and Textiles ($4.25B).

During 2018, China had a large net trade with Vietnam in the exports of Machines ($60.2B), Textiles ($17.9B), and Metals ($14B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam China+$5.32BIntegrated Circuits

Top Product Potential China Vietnam+$3.87BIntegrated Circuits

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

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and China. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to China () (2023)

Exports from China () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and China ()

China Exports

Market Competitiveness

Difference in imports from China () and Vietnam () (2023)

Comparative Advantage Vietnam - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and China () (2023)

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