2023
Flag  
GDP
$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH
101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH
81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Vietnam-Hong Kong Trade: In 2023, Vietnam exported $17.1B to Hong Kong. The main products that Vietnam exported to Hong Kong were Integrated Circuits ($7.9B), Broadcasting Accessories ($2.33B), and Broadcasting Equipment ($1.83B). Over the past 5 years the exports of Vietnam to Hong Kong have increased at an annualized rate of 15.7%, from $8.24B in 2018 to $17.1B in 2023.

In 2023, Vietnam did not export any services to Hong Kong.

Hong Kong-Vietnam Trade: In 2023, Hong Kong exported $14.4B to Vietnam. The main products that Hong Kong exported to Vietnam were Integrated Circuits ($6.5B), Printed Circuit Boards ($534M), and Broadcasting Equipment ($522M). Over the past 5 years the exports of Hong Kong to Vietnam have increased at an annualized rate of 28.7%,  from $4.09B in 2018 to $14.4B in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $17.1B to Hong Kong. The main products exported from Vietnam to Hong Kong were Integrated Circuits ($7.9B), Broadcasting Accessories ($2.33B), and Broadcasting Equipment ($1.83B). During the last 5 years the exports of Vietnam to Hong Kong have increased at an annualized rate of 15.7%, from $8.24B in 2018 to $17.1B in 2023.

In 2018, Hong Kong exported $14.4B to Vietnam. The main products exported from Hong Kong to Vietnam were Integrated Circuits ($6.5B), Printed Circuit Boards ($534M), and Broadcasting Equipment ($522M). During the last 5 years the exports of Hong Kong to Vietnam have increased at an annualized rate of 28.7%, from $4.09B in 2023 to $14.4B in 2018.

Exports from Vietnam (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Hong Kong (Flag)

Hong Kong Exports

Market Competitiveness

Color
Vietnam
Top Destination
United States$118B
Hong Kong
Top Destination
China$25.3B

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

In 2023, countries that imported more from Vietnam than Hong Kong included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Hong Kong than Vietnam included South Korea ($9.5B), Switzerland ($4.86B), and Russia ($2.65B).

Difference in imports from Hong Kong (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Hong Kong

Flow
Scale

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

During 2023, Vietnam had a large net trade with Hong Kong in the exports of Machines ($15.5B), Textiles ($271M), and Footwear and Headwear ($213M).

During 2018, Hong Kong had a large net trade with Vietnam in the exports of Machines ($11.5B), Textiles ($531M), and Animal Products ($397M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Hong Kong+$1.26BTelephones
Top Product Potential Hong Kong Vietnam+$281MIntegrated 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

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

Product Space of Vietnam (Flag) and Hong Kong (Flag) (2023)

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