Vietnam (VNM) and Germany (DEU) Trade | The Observatory of Economic Complexity

About

Vietnam-Germany Trade: In 2022, Vietnam exported $10.8B to Germany. The main products that Vietnam exported to Germany were Broadcasting Equipment ($1.92B), Textile Footwear ($774M), and Coffee ($484M). Over the past 5 years the exports of Vietnam to Germany have increased at an annualized rate of 6.1%, from $8.04B in 2017 to $10.8B in 2022.

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

Germany-Vietnam Trade: In 2022, Germany exported $3.59B to Vietnam. The main products that Germany exported to Vietnam were Packaged Medicaments ($209M), Vaccines, blood, antisera, toxins and cultures ($191M), and Hydrogen ($171M). Over the past 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 3.01%, from $4.19B in 2017 to $3.59B in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $10.8B to Germany. The main products exported from Vietnam to Germany were Broadcasting Equipment ($1.92B), Textile Footwear ($774M), and Coffee ($484M). During the last 5 years the exports of Vietnam to Germany have increased at an annualized rate of 6.1%, from $8.04B in 2017 to $10.8B in 2022.

In 2017, Germany exported $3.59B to Vietnam. The main products exported from Germany to Vietnam were Packaged Medicaments ($209M), Vaccines, blood, antisera, toxins and cultures ($191M), and Hydrogen ($171M). During the last 5 years the exports of Germany to Vietnam have decreased at an annualized rate of 3.01%, from $4.19B in 2022 to $3.59B in 2017.

Exports from Vietnam () to Germany () (2022)

Exports from Germany () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Germany ()

Germany Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Vietnam than Germany included Hong Kong ($12.7B), Cambodia ($5.74B), and Japan ($25B).

In 2022, countries that imported more from Germany than Vietnam included France ($120B), Netherlands ($109B), and Poland ($88.9B).

Difference in imports from Germany () and Vietnam () (2022)

Comparative Advantage Vietnam - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Germany in the exports of Machines ($4.06B), Textiles ($1.51B), and Footwear and Headwear ($1.5B).

During 2017, Germany had a large net trade with Vietnam in the exports of Machines ($1.01B), Chemical Products ($912M), and Transportation ($447M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Germany+$761MTelephones

Top Product Potential Germany Vietnam+$156MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Germany () (2022)

Exports from Germany () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Germany ()

Germany Exports

Market Competitiveness

Difference in imports from Germany () and Vietnam () (2022)

Comparative Advantage Vietnam - Germany

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Germany () (2022)

Keep Exploring