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2022
Flag → Flag
Exports $7.23BRnk 11 / 152
2022
Flag → Flag
Top Product $1.75BBroadcasting Equipment
2022
Flag → Flag
Exports $928MRnk 51 / 224
2022
Flag → Flag
Top Product $101MRecovered Paper
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Vietnam-United Kingdom Trade: In 2022, Vietnam exported $7.23B to United Kingdom. The main products that Vietnam exported to United Kingdom were Broadcasting Equipment ($1.75B), Textile Footwear ($422M), and Leather Footwear ($360M). Over the past 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 5.58%, from $5.51B in 2017 to $7.23B in 2022.

In 2022, Vietnam did not export any services to United Kingdom.

United Kingdom-Vietnam Trade: In 2022, United Kingdom exported $928M to Vietnam. The main products that United Kingdom exported to Vietnam were Recovered Paper ($101M), Hard Liquor ($88.9M), and Packaged Medicaments ($83.8M). Over the past 5 years the exports of United Kingdom to Vietnam have increased at an annualized rate of 3.61%,  from $777M in 2017 to $928M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $7.23B to United Kingdom. The main products exported from Vietnam to United Kingdom were Broadcasting Equipment ($1.75B), Textile Footwear ($422M), and Leather Footwear ($360M). During the last 5 years the exports of Vietnam to United Kingdom have increased at an annualized rate of 5.58%, from $5.51B in 2017 to $7.23B in 2022.

In 2017, United Kingdom exported $928M to Vietnam. The main products exported from United Kingdom to Vietnam were Recovered Paper ($101M), Hard Liquor ($88.9M), and Packaged Medicaments ($83.8M). During the last 5 years the exports of United Kingdom to Vietnam have increased at an annualized rate of 3.61%, from $777M in 2022 to $928M in 2017.

Exports from Vietnam (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Vietnam (Flag) (2022)

Latest Data

Trade between Vietnam (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Vietnam than United Kingdom included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from United Kingdom than Vietnam included Netherlands ($41.9B), Ireland ($32.6B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - United Kingdom

Flow
Scale

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

During 2022, Vietnam had a large net trade with United Kingdom in the exports of Machines ($2.95B), Textiles ($989M), and Footwear and Headwear ($960M).

During 2017, United Kingdom had a large net trade with Vietnam in the exports of Chemical Products ($183M), Machines ($148M), and Foodstuffs ($143M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam United Kingdom+$530MTelephones
Top Product Potential United Kingdom Vietnam+$57.6MPackaged Medicaments

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

Product Space of Vietnam (Flag) and United Kingdom (Flag) (2022)

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